Employers Overlooking Experienced Older Workers Despite Talent Shortages and Growing 55+ Workforce

Many employers overlook older workers in hiring, despite talent shortages. Over half of employers now give more consideration to applicants over 50.

Unemployment for workers 55+ fell to 2.6% in March, showing increased hiring demand.

9 in 10 employers consider themselves age-friendly, but only 7 in 10 workers agree. Key gaps are in phased retirement and schedule flexibility.

Aging demographics mean the 55+ workforce will grow sharply in the coming decade, nearly doubling participation rates.

Age bias still persists. Employers need to recognize abilities of older workers to address talent shortages.