According to a new report, Generation X workers over the age of 45 may be at the mercy of the global unemployment crisis as pandemics add to the existing challenges of older workers.
Rapid digital hiring during a pandemic is accelerating job automation, exacerbating underlying age discrimination and making it difficult for mid-career workers to secure their roles, reports reports. generation, A non-profit employment organization.
In a global study entitled “Responding to the Challenges of Midsize Companies in the World,” the company found that beginner and intermediate workers between the ages of 45 and 60 learn prejudice among recruitment managers and new skills. We have found that workers’ resistance to is facing increasing barriers. ..
For the first time in this report, the CEO of Generation said, “We’ve put numbers on age discrimination.”
“This is a must-have demographic, and it’s very clear that once you reach a certain age, access to work opportunities becomes much more difficult,” said Mona Moshed. CNBC Make It.
The survey, conducted from March to May 2021, surveyed 3,800 employees and unemployed people between the ages of 18 and 60, and 1,404 employers in seven countries.
Despite the diverse international employment environment from the United States to the United Kingdom and India to Italy, the findings were similar. The 45-60 year olds are the most overlooked employee base. In fact, for the past six years, mid-career hires have consistently accounted for a high percentage of long-term unemployed.
Most notably, according to a survey, overall recruitment managers considered people over the age of 45 to be the worst cohort in terms of application preparation, fitness, and previous experience.
Among their biggest concerns are older workers reluctant to try new technologies (38%), inability to acquire new skills (27%), and working with other generations. There was something difficult (21%).
It comes despite evidence that older workers are often better than their younger peers. In fact, 9 out of 10 (87%) hiring managers say hiring people over the age of 45 is equal to or better than younger employees.
Mourshed said the findings highlight the underlying bias in the workplace.
“When it comes to’isms’, like is often equated with like,” she said.
For example, she explained that hiring managers tend to choose hiring for their age group. On the other hand, resume-based interviews can make it difficult for candidates to demonstrate their skills, she added.
Training may provide one solution to this problem. Nevertheless, the report also emphasizes the reluctance to pursue training among job seekers over the age of 45.
More than half (57%) of beginner and intermediate level job seekers expressed resistance to re-skilling, but only 1% said training increased their confidence in finding a job. Often it is due to the negative experience of education, conflicting personal obligations, and the lack of available programs and financial support for mid-career workers, Mourshed said.
But she argued that training could bring real benefits. According to the survey, nearly three-quarters (73%) of those who changed jobs over the age of 45 were able to secure new positions by participating in training.
This is one of several solutions proposed by Mourshed when businesses and governments are tackling labor shortages. Other solutions she outlined are:
- It links training programs directly to employment opportunities and provides benefits to assist workers over the age of 45 who are hesitant to engage in training.
- Use demonstration-based exercises to change employment practices to reduce potential age bias and better assess the potential of job seekers over the age of 45.
- Rethink your current employer’s training approach to make it easier for existing employees over the age of 45 to play new roles, rather than relying on new hires.
- Improve employment data at the national level to help government agencies address the unique challenges of specific age groups.
“Given 2021, the intergenerational workforce must be the reality that every company is trying to introduce,” says Mourshed.
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Generation X workers can face the greatest unemployment crisis: generations
Source link Generation X workers can face the greatest unemployment crisis: generations