AARP has always believed in the value of older workers, that they can be a genuine asset in the workplace. Now we have new evidence to back that up. In the wake of the Great Recession, we took a fresh look at data about hiring and retaining workers who are 50 and older. The AARP study, “ A Business Case for Workers Age 50+,” which came out just last month, not only confirmed earlier research but also indicated that today the case is even stronger for keeping older employees in the workforce.
Older job seekers who were out of work at some point in the last five years found that tapping their network of contacts, reaching out to employers directly and starting their job search immediately rather than taking a break tended to be more successful in landing a job, according to a new report entitled “The Long Road Back: Struggling to Find Work After Unemployment,” by the AARP Public Policy Institute.
ConocoPhillips Co. has the best 401(k) plan for workers, while Facebook Inc., Amazon.com Inc. and Whole Foods Market Inc. offer some of the worst, according to a Bloomberg News survey of the 250 largest public companies in the country.
AARP is holding a free virtual career fair on June 3 from 10 a.m. to 7 p.m. ET that can help put you in touch with companies that are hiring. Job search advice will also be available.
Remember when AOL announced recently that it would pay its 401(k) matching contributions to employees in a lump sum at the end of the year, rather than during each pay period, potentially costing employees' retirement nest eggs thousands of dollars? If workers left in November, they'd lose out on nearly a year's worth of company contributions. Those who stayed forfeited any gains made throughout the year.
Ok, so maybe some of us baby boomers deserve the "helicopter parents" label for the way we hover over our kids. Still, I can't imagine accompanying my bearded 20-something son on a job interview. I may be in the minority here because taking Mom and Dad on job searches and to interviews appears to be a weird new trend.
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