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Andrew Simon

Management

Three Reasons Why Hiring Older Employees Is a Smart Decision

Age shouldn’t be the issue

Published: Wednesday, March 7, 2018 - 12:01

In the 2015 movie The Intern, Robert De Niro starred as a 70-year-old widower who returns to the workforce as an underappreciated and seemingly out-of-step intern working for a young boss played by Anne Hathaway.

Initially, Hathaway’s character can’t quite relate to this baby boomer who ditched retirement out of boredom, but by the film’s finale, she comes to appreciate his skills and experience.

In real life you’re unlikely to encounter many septuagenarian interns, but it’s not unusual for people to re-enter the labor market or launch new careers when they are well into what was once considered retirement age.

And that can be good for businesses that are willing to take advantage of all those decades of hard-earned experience.

Starting a new career after 60 is not for everyone. I should know; I’m in my 70s. But it can be rewarding for those with energy and commitment levels that are high, and who are willing to learn new skills and keep up with constantly evolving technology.

The question is whether businesses will balk at hiring workers who, in many cases, are old enough to be the parents of the people supervising them. Sure there are downsides, but the upsides can be tremendous when it’s the right fit for the right person.

There are a few things businesses should keep in mind as they weigh whether to hire older workers:

Experience counts. Baby boomers come to the table with a whole set of experiences, including 30 or 40 years of interpersonal people skills that make them more adept at dealing with unique situations or different types of people. On the flip side, some of them could lack the technical skills that we take for granted in today’s workforce. So, be careful what you are asking them to do.

Self-motivation. The odds are older employees will be self-motivated. If these potential workers would like to join an organization or start a new career after 60, they probably like the idea of work. They need to do something every day. Perhaps they view their job as intellectually stimulating. You do need to make sure of their motivation, though. If they’re just working for a paycheck, that might not cut it.

Different age groups have their own behaviors. Baby boomers often have a different set of values than millennials. Different things motivate them. The culture of an organization is very important and can be tricky. You want to make sure these older workers have an opportunity to thrive in your new environment. Although it’s best to avoid stereotyping the generations too much, in general baby boomers tend to be productive, loyal to the company, willing to put in long hours to get the job done, and prefer to have conversations in person.

Companies that pass on hiring older workers risk missing out on people who could become some of their most valuable employees. Age shouldn’t be the issue. Instead, as with any hire, the issue is what skills and experiences each of these people can bring to the workforce.

 

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About The Author

Andrew Simon’s picture

Andrew Simon

Andrew Simon is a partner in Simon Associate Management Consultants and has had a 50-year career as a senior executive. He founded and ran Questar Assessment Inc., the fifth largest K-12 summative assessment company in the United States. As a serial entrepreneur, Simon also developed and run businesses in real estate development and did start-ups inside larger corporations, such as Citibank, Bankers Trust, Norcliff-Thayer and Lederle Labs. Earlier in his career he was part of a team that launched L’Oréal into the consumer-products arena. Simon also is a trained and certified Innovation Games facilitator and has conducted more than 50 client engagements using Innovation Games methods.