Greetings everyone!  I'm Jayna Sheffield at the business desk and I'd like to end the week on a high note for all you workers 50 amd over.

In a recent survey reported by ABC news, it was reported that more and more companies across the United States are turning to workers over the age of 50 to help them stay in business.  According to this survey, more than 80% of those companies surveyed said that on the whole, workers over the age of 50 are more committed, more dependable, and their stress levels are much less because they don't have to deal with the challenges of a younger family.  There used to be a time when most companies were busy chasing after younger workers because they felt that these workers would be able to stay the course much longer, would have more smarts, and would be more savvy.  However, the tide seems to be changing.

There could be arguments for both sides and I'll try to outline each briefly. 

Let's first look at those workers over the age of 50:  Many experts agree that in general they are indeed more committed, more dependable, and are faced with less stresses.  These workers may be more committed because they are less apt to want to change careers because they feel that it would be better to retire in their present job thus safeguarding their pensions.  They may be more dependable because they don't have as many distractions.  They also have much more experience than their younger counterparts but they are probably not as technically savvy.  They are also probably more willing to stay longer in the labor force as this survey also revealed that the majority of workers over the age of 50 expressed the wish to keep on working way past the mandatory retirement age of 65. 

Younger workers are probably more technically savvy, they are paid less than their older counterparts, but they are more apt to change jobs more frequently in search of greater job satisfaction and higher salaries.  Younger workers do have more distractions to contend with such as the challenges of young families and older parents, plus more.  

This is indeed an interesting survey as the experts are also saying that by the year 2008 a huge batch of baby boomers are expected to start retiring and it would be interesting to see how companies in America deal with this.  Will they choose to try and keep their older workers who are more dependable, more committed, but more expensive to pay?  Or will they try to entice their younger workers who are less experienced, more technically savvy, and less expensive to pay?

Stay tuned.

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Have a nice weekend.

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