The lost opportunity costs incurred bynot hiring experienced older workers can result in a workforcethat's definitely not as knowledgeable, committed or wise. (Photo:Shutterstock)
Companies attempting to attract young workers may be shootingthemselves in the foot by discriminating against older workers, boththose who are already employed and those who are seeking work.
And the problem isn't just expensive on both sides of theequation, but also underreported, according to the Hiscox Ageism in the Workplace Study—making itdifficult to fix. The results of the study aren't as thorough asthey could be, since it only it surveyed 400 U.S. adults aged 40and older who were employed full time, which means that part-timersand those attempting to find work did not provide input into theresults. That means the problem is likely even more extensive thanthe survey results reflect.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
