The Suddenly Hot Job Market for Workers Over 50

Often we read about articles highlighting the importance of attracting the millennials and how88748734 important their tech-savvy selves are to businesses across the world. But too often we forget about the mature workers, those who have been in the industry for a couple of decades, those that understand the business and have experienced all of the ups and downs of the economy. We are finally starting to see businesses recognizing their value too! “The latest data show the unemployment rate for those over age 55 stands at just 4.1%, compared with 5.7% for the total population and a steep 18.8% for teens,” states Dan Kadlec.

This doesn’t mean that the older age workers have it easy and neither do the millennials. The big picture is that those individuals in the workforce who are over the age of 50 are seeing improving opportunities for them to stay gainfully employed. Kadlec shares, “This spring, the global bank Barclays will expand its apprenticeship program and begin looking at candidates past age 50. The bank will consider mature workers from unrelated fields, saying the only experience they need is practical experience. The bank says this is no PR stunt; it values older workers who have life experience and can better relate to customers seeking a mortgage or auto loan. With training, the bank believes they would make good, full-time, fairly compensated loan officers.”