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Ageism costs both workers and employers and is underreported

54 percent said they didn’t file a complaint because they feared repercussions resulting in a hostile work environment.

older woman at computer corrected by younger woman The lost opportunity costs incurred by not hiring experienced older workers can result in a workforce that’s definitely not as knowledgeable, committed or wise. (Photo: Shutterstock)

Companies attempting to attract young workers may be shooting themselves in the foot by discriminating against older workers, both those who are already employed and those who are seeking work.

And the problem isn’t just expensive on both sides of the equation, but also underreported, according to the Hiscox Ageism in the Workplace Study—making it difficult to fix. The results of the study aren’t as thorough as they could be, since it only it surveyed 400 U.S. adults aged 40 and older who were employed full time, which means that part-timers and those attempting to find work did not provide input into the results. That means the problem is likely even more extensive than the survey results reflect.

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Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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