A survey from the Transamerica Institute workplace revealed that employers are becoming more open to considering older candidates when hiring for open positions. Over three in five employers were found to seriously consider job applicants aged 50 and above when hiring in 2022.
Furthermore, the survey found that 53% of employers agree that many existing employees at their companies are expecting to continue working past the age of 65 rather than retiring.
“The headwinds encountered by older job seekers are finally subsiding,” Catherine Collinson, CEO and President of Transamerica Institute and Transamerica Center for Retirement observed. “Many employers are now considering age 50-plus job applicants, a segment of the workforce that has been historically overlooked due to ageism.”
Collinson explained that the pandemic played a major role in shifting hiring perceptions, especially because of the intense labor shortage that followed as well as the shift to more flexible work models including remote work.
71% of medium-sized companies and 69% of large companies involved in the survey claimed that their company culture looks to foster professional growth for employees of all ages, including those above the age of 50. 28% of companies stated that they offer training specifically aimed at addressing generational differences.