Despite certain negative stereotypes in our youth-obsessed society, researchers are finding hard evidence that older workers are good for business. According to a 1991 study by the Commonwealth Fund, a private enterprise studying the contributions of older Americans, older workers bring enormous advantages with them to the workplace.
The research focused on three corporations, two in the U.S. and one in the UK: Days Inns of America, Travelers Corporation of Hartford, and a British retail chain, all of which have long-term experience in hiring older workers. The study found that older workers in these corporations had lower rates of absenteeism than younger employees, were more effective salespeople, and could be easily retrained on new technology.
Thomas Moloney, Senior Vice President of the Commonwealth Fund concluded: "We have here the first systematic, hard-nosed economic analysis showing older workers are good investments."1
1Older and active: How Americans over 55 contributing to society/edited by Scott A. Bass Publisher New Haven : Yale University Press, c1995