Forum sings praises of the older worker

first_img Comments are closed. A major drive to promote age diversity in the workplace by highlighting thebottom-line benefits of employing older people has been launched. The Employers Forum on Age campaign promotes the business benefits of agediversity, and is backed by several large corporations including Barclays,GlaxoSmithKline, HBOS and Nationwide Building Society. Denise Walker, head of personnel for Nationwide, said new policies,including raising the retirement age to 70, have saved it £7m in staff turnovercosts. She said staff churn is much lower among older workers, which was importantconsidering it costs the company between £5,000 and £8,000 to recruit and traina new member of staff. “The turnover for employees at both ends of the age spectrum is 4 percent compared to 10.37 for the building society as a whole,” she said. HBOS said open days aimed at recruiting over-50s performed better whenstaffed by people in the same age groups. Tyrone Jones, diversity manager at HBOS said: “Age diversity has a goodbusiness impact. It motivates staff when they see there are no barriers whetherthey are young or old.” The bank has removed the age box from its application form. It allows staffto work beyond the retirement age of 62, and is now actively recruiting peopleof that age and over. The EFA has launched a document and website to promote the campaign andplans to release three guides. Related posts:No related photos. Forum sings praises of the older workerOn 29 Jan 2002 in Personnel Today Previous Article Next Articlelast_img read more