HR Views

Retirees Emerge as Potential Solution for Talent Shortages in 2024

A recent survey conducted by Resume Builder among 500 US adults aged 62 to 85 reveals that 12% of retirees are considering returning to work, alongside 25% of older working adults who had previously retired and come back. The decision to re-enter the workforce is primarily driven by factors like inflation and the rising cost of living (61%), as well as debt (34%) and boredom (34%).

In the United States, there’s a disparity between job openings, which stand at 9.6 million, and the number of unemployed workers, which is around 6.4 million, according to data from the World Economic Forum. Stacie Haller, chief career advisor at Resume Builder, sees retirees rejoining the workforce as an opportunity for employers to address talent shortages.

Haller emphasizes the wealth of experience older workers bring, including professional skills like teamwork and familiarity with office environments. These attributes make them valuable additions, especially in remote work scenarios where adapting to workplace norms can be challenging.

Furthermore, organizations benefit from a diverse age range among their employees, fostering productivity and creativity. Jean Accius, AARP’s VP of international affairs, highlights the immense value of intergenerational collaboration and learning within workplaces.

However, Haller warns against ageism in hiring practices, noting that biases against older workers are prevalent. Research from AARP indicates that 62% of adults aged 50 and above perceive age discrimination, with nearly 40% of individuals over 40 expressing concerns about ageism while job hunting.

Employers are urged to approach older candidates’ resumes with an open mind, recognizing the potential contributions regardless of factors like email addresses. Ashton Applewhite, an anti-ageism activist and author, stresses the importance of creating an inclusive environment where all employees, regardless of age, feel respected, heard, and valued.

In conclusion, acknowledging the value of older workers and combatting ageism in recruitment and workplace culture can lead to more diverse, inclusive, and productive organizations.

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