Older workers are making a comeback


As the US labor market grows tighter with each passing month and the labor participation rate declines, corporations like Ford, IBM, and Barclays are beginning to court experienced workers who are looking to return to the working world, reports Bloomberg.

The move marks a major reversal of fortune for America’s older workers, who suffered during the last recession and have been hit by age bias in the hiring process. Companies are finding that many of these workers bring valuable experience and skills to the table, and they come at a discount.

According to one study, workforce returnees cost 25% less than hiring comparable workers who currently hold jobs.

SOURCE:  LinkedIn