7 reasons why older employees are more than just “old iron”

In an increasingly ageing society, the importance of older employees is coming more and more into focus. While older employees used to be seen as less flexible or less tech-savvy, the picture has changed in recent years. Companies are increasingly recognizing the inestimable value that experienced employees over 50 bring to the workforce. But how do companies actually benefit from this generation, and why is it a mistake to dismiss older employees as “old iron”?

In this article, we highlight the strengths and the indispensable contribution that older employees can make.

When are employees considered “older employees”?

In Germany, employees are generally considered “older employees” from the age of 55. This definition is often used in labor market policy contexts, especially when it comes to support measures, labor market statistics or special labor law regulations for older employees.

However, there are different definitions depending on the context and regulation. In some cases, the age limit is also set at 50 years, for example in certain statistics or in the design of programs to promote the employment of older workers. The exact age limit can therefore vary, but is usually set at around the age of 55.

Why are older employees seen as “old iron”?

Older employees are often seen as “old iron” because there are widespread prejudices in society and in companies that underestimate their abilities and their contribution to the working environment. A common stereotype is that older people are less adaptable and have difficulty keeping up with rapid technological developments and modern working methods. These stereotypes lead to older workers being perceived as less flexible and slower to adapt to change.

There is also the assumption that older employees demand higher salaries due to their longer length of service or experience, which supposedly makes them more expensive for companies. It is also often assumed that they are less ambitious or less interested in professional development, which underestimates their commitment and value to the company. In addition, there are concerns about the health of older employees, whereby they are often assumed to have health restrictions or be less resilient. These prejudices and misconceptions contribute to older workers being wrongly viewed as “old iron”, when they often bring valuable experience, stability and expertise that can be of great benefit to companies.

7 reasons why older employees are an invaluable resource for companies

Older employees bring valuable experience, proven skills and a deep sense of reliability that make them indispensable resources for any company. Here are 7 reasons why:

1. Experience that counts

One of the most obvious advantages of older employees is their many years of professional experience. They have overcome numerous challenges in their career and have in-depth knowledge of their field. This experience enables them to solve problems efficiently and make informed decisions based on broad knowledge and years of practice. Companies benefit from this expertise by avoiding mistakes and implementing projects more successfully.

2. Stability and loyalty

Older employees often bring remarkable stability to the company. They are generally less willing to change jobs than younger colleagues and value long-term employment relationships. This loyalty contributes to a stable and reliable working environment, which is invaluable, especially in times of skills shortages. Their loyalty to the company can also reduce turnover in teams, which in turn promotes continuity and quality of work.

3. Social skills and leadership

Over the years, not only professional skills grow, but also social skills. Older employees often have strong soft skills such as communication skills, empathy and conflict resolution. These skills make them valuable team members who can also act as mentors and role models for younger colleagues. Their leadership experience and understanding of interpersonal dynamics are particularly beneficial in managerial positions.

4. Understanding of technology and willingness to learn

Contrary to the cliché, many older employees are tech-savvy and willing to familiarize themselves with new technologies. Most of them have already experienced several technological upheavals and have adapted successfully. This ability to continuously learn makes them a valuable resource, especially in a work environment characterized by constant technological change.

5. Customer proximity and market knowledge

Older employees often have a deep knowledge of the market and a strong network. Their long professional experience has not only given them insights into the industry, but has also built up close customer relationships that are of great value to the company. These relationships contribute to customer satisfaction and can help to open up new business opportunities.

6. Diversity and a mix of generations in the company

A diverse workforce that unites employees of different ages promotes innovation and creativity. The exchange between younger and older employees brings fresh perspectives and innovative solutions. While younger employees contribute new ideas, older employees use their knowledge and experience to help implement these ideas in a realistic and practicable way. This mix of generations creates a working environment in which different strengths and experiences can be optimally utilized.

7. Promotion of an inclusive corporate culture

Integrating older employees into the workforce promotes an inclusive corporate culture that values diversity and equal opportunities. This not only sends a strong signal to the workforce, but also to the outside world that the company is committed to diversity and recognizing individual strengths. Such a culture can increase employee satisfaction and retention and position the company as an attractive employer.

Conclusion

Older employees are far more than “old iron” – they are experienced, loyal and valuable team members who make a decisive contribution to the success of a company. Their experience, stability and social skills make them indispensable resources in an increasingly complex working environment. Companies that recognize and promote the strengths of older employees not only create a more inclusive and diverse working environment, but also secure a competitive advantage through the combined expertise and knowledge of this generation. At Persowerk, we help companies to utilize the full potential of their workforce and appreciate the value of experienced employees.