Waltham, MA (PRWEB) June 02, 2011
Today, RetirementJobs.com, Inc., the #1 career website for job-seekers age 50+, announced its rankings of Fortune 500 employers by their percentage of workers over age 50. The findings, drawn from public records and surveys of employers and employees, show the airline industry as having the highest percentage of employees over age 50. American Airlines held the #1 position with 39% of its staff over age 50. Google ranked among the lowest on the list, with just 13% exceeding that age threshold.
“It is helpful to age 50+ individuals seeking jobs in retirement and existing employees to understand which companies and industries tend to employ a disproportionately high or low percentage of mature workers,” said RetirementJobs.com founder and CEO Tim Driver. He added, “It is important to remember that while the findings might show where age bias is more or less prevalent, at this point we do not have information on whether or not these employers have committed to hiring older workers. We simply know that they do or do not tend to already employ older workers.”
RetirementJobs.com’s Certified Age Friendly Employer™ program is one of the sources of information for the study. The program, which has been endorsed by AARP and U.S. Senator Herb Kohl, who chairs the U.S. Senate Special Committee on Aging, identifies those companies with an active commitment to the age 50+ employee. The objective of the list is to steer age 50+ job seekers, who understand workplace age bias to be a fact of life, toward welcoming companies.
How Employers Can Use This Information
Employers have a great incentive to understand and carefully manage the demographic makeup, including age distribution, of their employee base. This can help with strategic positioning among industry peers. It is common for employers seeking diversity in their workforce to reach out to age 50+ workers for both hiring and retention. This is particularly the case for organizations whose customers tend to be age 50+, as it is common for organizations to want a workforce that can relate to its customer base. Internal research within leading retail companies now ties the prevalence of older employees directly to higher revenues, due to higher satisfaction rates when a customer (of any age) interacts with an older associate. Finally, companies addressing high turnover rates strategically recruit and emphasize retention of mature employees since these age 50+ employees turn over at one third the rate of their younger (under age 50) peers.
Employer or Employee? Take the Survey
Is your current or recent organization free of age bias? Do you know one that is?
Take RetirementJobs.com’s confidential 5-minute survey: http://bit.ly/jnw973
Access the Study
You may download a PDF copy of the 28-page study at the following web address:
As the #1 career website for job-seekers aged 50+, RetirementJobs.com provides opportunity, inspiration, community and counsel to people over 50 seeking work to match their lifestyle. The company’s powerful, easy-to use job board lists thousands of openings for experienced employees seeking work with a Certified Age Friendly Employer™. Founded in 2005, RetirementJobs.com is a strong public advocate and a catalyst to help employers retain, hire, and benefit from an experienced workforce. Its website also offers vital information and inspiration for older workers, including advice, news, success stories, and podcasts. For more information, visit http://www.retirementjobs.com.
RetirementJobs.com, Age Friendly Employer, Certified Age Friendly Employer, are trademarks of RetirementJobs.com, Inc. All other trademarks or service marks are property of their respective owners.
Press Contact: Patrick Rafter, 617.901.2697, pr(at)retirementjobs(dot)com