Friday, 20 February 2015

Do employers prefer employees who are above 50 years of age?

Been wondering for a while, what will happen to myself after I become 50+ years old.

Will I get a job in market, if I want to make a job change?
Will I still be in demand?

These questions are plaguing in my mind and when I see all around, I see more and more companies trying to recruit employees in mid 20s or maximum early 30s.

Employees in 40s (early & late not withstanding) are looked down and seldom confined to back-office. They are sort of unwanted within the organization. And if you are 50+, then you can very well count the number of days before, organization will give you a voluntary retirement, whether it is voluntary from your part or involuntary.

This is unless; you are very high in management cadre, somewhere close to top.

If I analyse reasons on why does this happen, then the answers are varied:
  • Employers preferring youth: Helps them to have average age of employee workforce to under 30.
  • Cost to Company: Invariably, the CTC of employees under 30s shall be comparatively lesser than employees in their 50s.
  • Fresh blood & ideas: General perception that young employees will come up with fresh & innovative ideas, including risk taking abilities.
  • Long working hours & stress: Employees in 20s & early 30s will be happy to put in more working hours in office & absorb more stress, as against employees in 50s.

Does this mean, men/women who are into their 50s do not have a demand in market? God forbid, if someone loses a job & he/she is 50+, then it shall be really cruel. He/She may lose hopes & optimism in life.

In short, what shall men/women in 50s do for the next 30-35 years of life?

Sit idle, watch TV and get bored of life or do social service, whether or not the person is interested in it?

Or create a new hobby or passion and devote time into it?

I am still trying to figure out answers to these… Shall put in another blog, if I could find answers. If you guys can help me with your ideas, will be more than happy to receive them…

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