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Employers can't afford to ax mature workers, say researchers:
In a new article in the Australian Journal of Management, researchers warn employers not to make hasty decisions in either dismissing or discounting the input of older workers.
"Employers are well known for targeting mature workers when downsizing their workforce—but this might be a costly mistake," says Dr. Valerie Caines.
She notes that governments can also overlook the value of older workers, as shown by the SA Government recently pulling its funding to DOME (the Don't Overlook Mature Experience training organization), which provided valuable support services to mature job seekers.
"A common mistake is to think of mature workers as all being the same," says Dr. Caines. "There is huge variation among mature workers' motivations, capabilities and needs. Their experience is especially valuable now, because mature workers can offer considerable value to an organization during a crisis and play an important role in helping a business progress to the 'next normal.'"
Dr. Caines says older workers may also hold the solution for filling employment gaps in organizations, due to diverse skill sets they have developed through their working life.
"Mature adults demonstrate considerable resilience," she says. "The aspect of role modeling resilience is an especially important influence on younger workers. It includes mature coping strategies, emotional intelligence and empathy—and these attributes have never been more important in the workforce."
Journal Reference:
Valerie Dawn Caines et al. Older workers: Past, present and future, Australian Journal of Management (2020). DOI: 10.1177/0312896220918912
(Score: 3, Insightful) by DannyB on Tuesday June 30 2020, @04:35PM (7 children)
This exact same thing was true in the early 1980s. Is we learning yet?
Is there a chemotherapy treatment for excessively low blood alcohol level?
(Score: 0) by Anonymous Coward on Tuesday June 30 2020, @05:19PM
Yes, the message has spread almost everywhere.
(Score: 3, Insightful) by Runaway1956 on Tuesday June 30 2020, @06:01PM
So long as businessmen look up to, and show respect for MBA degree holders, we haven't learned a damned thing.
To be considered a Master of Business Administration, one should have developed his own company, and seen it traded in the stock markets. Anything less is obviously not a master of administration.
Hail to the Nibbler in Chief.
(Score: 2, Informative) by Anonymous Coward on Tuesday June 30 2020, @07:05PM (3 children)
Others got rich by privatizing the profits, while socializing the risks and losses.
(Score: 2) by DannyB on Tuesday June 30 2020, @07:45PM (2 children)
Some, not all, people believe: What does it profit a man to gain the whole world yet lose their soul?
Is there a chemotherapy treatment for excessively low blood alcohol level?
(Score: 3, Touché) by cmdrklarg on Tuesday June 30 2020, @08:09PM
I'll give you one guess which group the vulture capitalists belong in.
Answer now is don't give in; aim for a new tomorrow.
(Score: 0) by Anonymous Coward on Wednesday July 01 2020, @03:07PM
Because that man gets to profit off the backs of all the other people who still believe they have a soul.
(Score: 2) by cmdrklarg on Tuesday June 30 2020, @08:07PM
Of course they've learned. They've learned that it works smashingly well for them to rake in the money.
What? Who said that long term company viability was even on the table?
Answer now is don't give in; aim for a new tomorrow.