I have been working with a group helping unemployed at our church (Faithworks) and something came up which is a good point for older workers seeking employment. In the USA the average time in a job, ESPECIALLY AMONG YOUNGER HIRES is 2-4 years to 3-5 years!
How much does that cost a company?
Hiring an experienced 40+ man or woman gives you a person WITH EXPERIENCE and also someone who will probably stick around for as many as 7-10 years.
Offsets any of the "older employee costs" by a long shot.
Also, American companies especially are taking advantage of labor laws by surreptitiously requiring exempt employees (not covered by federal and most state employee rules) to work ungodly hours. that's where they are getting the cash they are sitting on and the people who are working are so afraid to buck the system that none ever gets to issue a requisition for new employee headcounts.
Provided by Russ Walker
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Companies ought to consider that an 'older' worker- who has a harder time finding a job, and a longer job search, might would stick around until retirement, just to avoid the misery or job searching with numerous rejections. Just a thought. I for one would welcome the idea that I never had to scroll through dozens of job ads that apparently only want 22 year olds.
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