Posted on 11/07/2023 3:14:42 AM PST by fruser1
As of September, we estimate about 1.98 million excess retirees.'
But with unemployment below 4 percent for the longest time in 50 years, employers are feeling the pressure from a tight labor market and eyeing opportunities to tempt seniors back into the workforce.
More than 2,500 businesses, including Bank of America, Microsoft and H&R Block have signed the AARP pledge to build an age-inclusive workforce with the number of new signatures more than doubling over the last year.
Despite increasing eagerness from employers, the ship may have sailed for those who retire with just 3 percent getting a job in any one year.
For those that are looking for work, over-65s take an average of 31.6 weeks to find a job, compared with 22 weeks for those younger.
(Excerpt) Read more at dailymail.co.uk ...
In spite of the "AARP pledge" above, companies resist hiring older folks because they are on the hook for insurance (rates are typically set by 5 yr age groups), which is unusually expensive thanks to commie care (still not repealed BTW).
We're reliable, knowledgeable, we show up to work, work harder than damn' near anyone else and have years of productivity under our belts that frankly, those entering the work force cannot match.
Given that, what are you gonna do? Hire a bunch of young idiots who don't know what gender they are, or throw some extra cash at those who show up daily and produce?
The answer to that question is clear to damn' near everyone with an IQ above 78.
My friend is involved in the hiring process and thinks the older woman is the best candidate for the job.
The rest of the hiring team is not keen on hiring her even though she’s a perfect fit.
The underlying reason here: The company figures that having retired once already, the older woman simply will not have the same energy and financial needs to stay committed to the job. The worst-case scenario for the company is that they go through all the trouble of hiring her, and reject another decent candidate along the way, only to have her retire again several months down the road.
It’s really bad out there. It is almost impossible to get any type of quality service in a timely fashion. Just about everyone is short-handed. You had better learn to do and fix just about everything yourself nowadays.
They tried to kill us off during Covid, but weren’t successful enough.
” ... companies resist hiring older folks because they are on the hook for insurance ... “
The older retires I know who have returned to the workforce don’t get their insurance through their company because they’re on Medicare.
About 10 years ago, the defense contractor DH worked for was begging retirees to come back, and was giving bonuses for it. (He didn’t do it.) The new guys were lazy, had a sense of entitlement, and their work ethic sucked overall.
I recently retired and enjoy doing nothing. The biggest problem I have is remembering what day it is. Because every day is Saturday now.
my husband just told me yesterday how much he loves being retired. Good for you. Enjoy all those Saturdays to come.
Maybe the country should ask itself why so many people just don’t want to be in the rat race anymore.
Sure, some of it is just laziness. Some people do aspire to be freeloaders. But let’s face it — plenty of people walking away from work are 50 - 65 with solid productive careers behind them. Are they lazy? I don’t think so.
Pay hasn’t kept pace with inflation.
People in management tend to have no management skills.
Work environments can be toxic.
Companies clearly do not give a rat’s ass about their workers.
Workers make sensible decisions about themselves.
Bureaucracies make stupid decisions about other people.
What you wrote is totally legit. That is a pretty big risk, IMO. But it can be a good risk worth taking. Sure, the company doesn’t hold the same type of leverage they do over a typical worker, and I would be very concerned the older worker just decided to abruptly quit because they just can or decide they really don’t want to deal with it anymore, but the alternative is few applicants and a whole slug of crappy applicants who really don’t want to work in the first place and have almost zero work ethic. Trust me, I know, and I know what an absolute pain it is to go through a hiring process. Sometimes the older worker is worth the risk, especially if you’re really short handed.
Yup. Retired for 20 years. Three earned degrees and nobody wanted me back then, and I don’t need them now. At this point, totally unemployable due to my giveadamn being irreparably broken.
HR would rather have a barely capable person hired because the difference in his pay and what it would really cost to have a good employee is what it costs to hire an HR person.
My wife and I BOTH retired during COVID. SHE WAS A paraprofessional for 20 years. I worked in machine shops for over 40 years, the last one for 18.
She retired after the schools shut down. She didn’t plan on going back because of the lack of respect from the students, and the lack of the administration to do anything about it.
I retired for health reasons, I had planned on working for a couple more years, but I wasn’t able to.
We enjoy retirement, we just wish we had a little more money…
“We enjoy retirement, we just wish we had a little more money…”
We love retirement! For decades we lived not within our means, but way BELOW, so were able to save a decent amount. (Still are thrifty in day-to-day spending.)
I see you’re “telescope”, and that’s how DH is spending his retirement.
You clearly have absolutely zero idea what the true cost of lost productivity is.
You just said the exact things I feel. Every day is Saturday. My neighbor keeps asking when I’m going to get a part time job. I say probably not going to. I really like doing what I like.
You clearly have no idea that when Deep State has killed the free market, productivity only matters to companies not on Deep State’s taxpayer funded gravy train.
They'd also have those same concerns, albeit for different reasons, with today's younger workers who are often quite flighty, don't show up for work, don't call in, and do almost nothing when they're present.
Which would they rather have?
BTW, I'll be the first to say if they find a younger, equally qualified and energetic candidate for the role, who has a good track record, they should absolutely hire them.
Bet many on this thread didn't expect that answer from me. After all, we old farts can't work forever. We just want to be sure that those taking over for us are capable, willing and able.
Please list all those companies that are on the Deep State's taxpayer funded gravy train, as that'd be a very good list for qualified, energetic, capable and able young adults to focus on where to work, rather than getting sucked into the deep, ambigious hole you call the Deep State.
Thanks in advance.
That was supposed to be Please list all those companies that are NOTon the Deep State's taxpayer funded gravy train...
I’m trying to find part-time work at 65 and everyone wants full-time.
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