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What companies like to hire older workers?

Identify companies committed to hiring older workers Start with those that have publicly pledged to level the playing field for older workers. More than 1,000 companies, including Humana, Microsoft, Marriott International and McDonald's, have signed on to the AARP Employer Pledge program.

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With the bear market hitting retirement portfolios hard, bonds performing as poorly as stocks, and inflation raging, what seemed like a sure retirement income may be more of a pipe dream for many older Americans who had left the workforce, or planned to soon retire. The economic situation is sending more retirement-age workers back into the labor force. A recent CNBC survey found a majority of retirees would consider returning to work. But finding the right job isn't always easy. Many companies don't offer the flexibility that many older workers want later in life. Age discrimination is another factor, with 78% of older workers claiming to have seen or experienced workplace age discrimination, according to 2021 data from AARP. That's the highest level since 2003, when AARP began tracking the data. Yet many companies are increasingly looking to attract mature workers, and with good reason. For one, the labor market is as tight as it's been in decades and there are now two open jobs for every worker in the nation, and firms are struggling to recruit and retain talent. Research from employee scheduling company Homebase suggests that seniors are more engaged; more likely to look forward to work; more connected to their companies; and less likely to consider quitting. This makes older workers especially attractive in the currently tight labor market, said Jason Greenberg, head economist at Homebase.

Here are four tips to help older workers find an age-friendly employer.

1. Identify companies committed to hiring older workers

Start with those that have publicly pledged to level the playing field for older workers. More than 1,000 companies, including Humana, Microsoft, Marriott International and McDonald's, have signed on to the AARP Employer Pledge program. Eligible companies can't have had discrimination lawsuits within the past five years. They must also agree to recruit across diverse age groups and consider all applications equally, regardless of age. AARP also offers a jobs board to help match experienced candidates with companies who have committed to having an age-diverse employee base. The Age-Friendly Institute also certifies companies that are considered best-in-class for workers aged 50 and above. Applicants go through an extensive review and certification process, which includes committing to "meaningful employment, development opportunities and competitive pay and benefits for employees 50+." The list, last updated in April, includes Aetna, Home Depot, Macy's, Starbucks and Wells Fargo. Just be aware that these lists can change, and don't give you the whole picture, so be sure to do your due diligence on any company you are considering, said Lance Robertson, a former U.S. Department of Health & Human Services Assistant Secretary for Aging, who is now a director at Guidehouse, a global consulting and IT services provider.

2. Looks for clues in job postings

Older job candidates should look at a company's job ads, which can offer insights into the company's culture and if it's really age inclusive, said Paul Lewis, chief customer officer at Adzuna, an online job search engine. Older job seekers should look for language that specifically states the company doesn't discriminate based on age, he said. Conversely, seniors should be wary of companies that use the term "digital native" in a job description or set a cap on the number of years of experience as a job requirement, said Karina Hertz, strategic communications director of AARP. Additionally, websites like LinkedIn, Facebook and Glassdoor can be helpful in finding resources and information about a company's employment practices, including its commitment to older workers. And talking to current and former employees is also a good opportunity to gather information, Robertson said.

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Are freelancers happier?

Being a freelancer isn't easy. But according to a new report, that type of work could lead to an overall happier professional life. Joblist released findings from a work/life survey of more than 1,000 employees from around the country, and it was found that those who identified as freelancers were more fulfilled.

Being a freelancer isn’t easy. But according to a new report, that type of work could lead to an overall happier professional life. Joblist released findings from a work/life survey of more than 1,000 employees from around the country, and it was found that those who identified as freelancers were more fulfilled. 60.1% of respondents that identified as fulltime freelance said they have more free time, followed nearly 55% of those that reported feeling they had the chance to achieve career autonomy when freelancing as opposed to working a traditional 40-hour job.

Compensation was also a key focus of the survey.

While full-time employees were more likely to be satisfied with their effort-to-compensation ratio, full-time freelancers were more likely to be happy with their work-life overall. Freelancers reported higher stress levels when it came to money, implying that they were required to do more work to make the amount needed to sustain their lives. The report also pointed that the increased anxiety may be because career instability, where opportunities for work must be sought out vigorously and independently. They also pointed that freelancers tend to have a “grass is greener” mentality because they can flow from one role to another if something more attractive catches their eye, unlike full-time salaried employees.

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