link.png Older & wiser: finding talent.← Back

Talent shortage is a recurring topic when it comes to recruitment – how should companies get around the problem of the growing skill’s gap? Hiring individuals who are older might just be one option.
The Recruitment and Employment Confederation conducted a survey which revealed that businesses aren’t doing enough to attract workers who are aged 55 years old or more. 37% of respondents indicated that job advertisements need to be better tailored to older job seekers, with a more relevant use of language, as well as advertising in more places than simply online.
The REC also published its quarterly Jobs Outlook report, which established that 80% of employers intend to hire permanent staff in the next three months. In the face of a strong recruitment drive to fuel growth, businesses need to be making sure they target all potential candidates, including older generations.
Having older employers can be an invaluable asset to a company, as they have “a huge amount of skill and experience that businesses could benefit from to help meet demand.” said Kevin Green, Chief Executive of REC. Employment Minister Esther McVey also highlighted that it could be beneficial for younger members of staff: “Not only is this a waste of valuable talent and ‘life skills’, but it’s a missed opportunity for businesses to make their most of their experience to support younger colleagues develop their careers.”
This is an issue which is being addressed by PRIME, an initiative which recently found that hiring those above 50 currently out of work could bring an additional £88bn to the UK economy.
These findings come at a moment in time when the work place is undergoing quite a lot of change. Companies should be adapting by looking to hire a multigenerational workforce as this can be a way of finding the best talent.