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The Age-Performance Paradox: Employees aged 45 and over are less likely to be employed than younger cohorts, but outperform them!

By | Nicolas BEHBAHANI | People Analytics Leader @ Future of Work | HR analytics, HR KPIs

💥 Despite their increasing presence among the labor workforce, workers aged 45–64 encounter several challenges. Overall, workers’ economic participation rate drops as their years advance, with a turning point at midcareer (age 45–54).

💡 Hiring managers cling to a deeply held perception bias against job candidates over the age of 45 – they believe members of this age cohort are less able to adapt to new technologies or learn new skills. On the other hand, those very same managers also acknowledge that when they do hire people over 45, those workers perform on the job just as well as or even better than their younger counterparts, according to a new interesting research published by OECD – OCDE (Organization for Economic Cooperation and Development) and Generation a global employment nonprofit organization using data from 6,029 employed and unemployed people (aged 18–65) and 1,510 hiring managers in eight countries between 24 February and 7 March 2023.

✅The ageing Society

Life expectancies around the world have been rising steadily

Today, people between the ages of 45 and 64 account for some 40 percent of the working-age population in OECD countries.

Researchers found that over the past 70 years, apart from the hiatus caused by the COVID-19 pandemic, life expectancies around the world have been rising steadily. As people enjoy longer post-retirement lives than ever before, active workers will be forced to carry a heavier and heavier economic load.

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