Older Employees Less Likely to Be Offered Retraining, Exposing Corporate Failure of Undervaluing Experienced Workers

By TechFunnel Newswire - Last Updated on August 27, 2020
Older Employees Retraining Undervaluing Experienced Workers

Only about half of workers over 55 (51%) have been offered job retraining in the past three years, compared to 85% of workers between 18 and 34. By failing to offer retraining to older workers, businesses underestimate talented, experienced employees who still want to learn.

PRESS RELEASE — WASHINGTON — Companies should value their workforce’s talent and offer skill development opportunities to employees regardless of age, according to a new survey report by Clutch, the leading B2B ratings, and reviews firm.

Clutch surveyed 510 full-time employees in the U.S. about their job development and retraining preferences.

Despite being undervalued, older workers still want to learn new skills.  Tim Donovan, 55, is a communications specialist at San Francisco tech startup Fundbox. He’s seen Silicon Valley’s bias against hiring and retraining of older workers firsthand.

“Good people, regardless of age, want to improve their game,” said Donovan. “I see older employees focusing on skill expansion to deliver better results. Many of us are in a ‘prove-it’ mode.”

Donovan refers to himself as a “grey asset,” and companies should consider older workers just that: Assets who provide experience, a strong work ethic, and a readiness to improve.

Union Workers Are More Satisfied With Job Retraining Opportunities

Job training models popularized by unions provide an effective template for reskilling workers.

Close to two-thirds of unionized workers (64%) are satisfied with their job retraining options, compared to 54% of non-unionized workers.

Steamfitters Local 449 in Pittsburgh, PA offers a five-year apprenticeship program, in which trainees learn to assemble, install, and maintain pipes.

Apprentices receive competitive pay and full benefits. The union also provides access to continuing education programs and conducts training at a state-of-the-art facility that includes 66 welding booths, rigging training labs, and an overhead crane.

Through these initiatives, Local 449 provides its apprentices and members a secure, effective way to learn new skills.

Employees at Smaller Businesses Should Be Reminded of Their Development Opportunities

Fewer than half of employees at companies with 500 or fewer employees (48%) say they are offered skill-building opportunities at work, while nearly two-thirds of employees at companies with more than 500 workers (61%) report having access to such opportunities.

Retraining opportunities at smaller businesses may not be as formalized, but can still provide valuable experience. For example, Innovative Comfort Systems HVAC dispatcher Thomas Ngo says he learned new skills when asked to shift to a different position in the same company that required a broader focus.

“I’m no longer mowing the lawn, but managing the whole golf course,” Ngo said.

Employees at small businesses should be encouraged to seek out their own opportunities for improving their skills, even if there isn’t a formalized retraining program.

Clutch’s 2019 Workforce Retraining Survey included 510 full-time employees across the U.S.

Read the full report: https://clutch.co/hr/staffing/resources/employee-skill-development-plan

For questions about the survey, a comment on the findings, or an introduction to the industry experts included in the report, contact Seamus Roddy at 223630@email4pr.com.

About Clutch

Clutch is the leader in connecting global service providers with corporate buyers from around the world. The ratings and reviews platform publishes the most extensive and referenced client reviews in the B2B services market. Clutch has grown by 50% or more every year throughout the past five years and is ranked #412 in Inc.’s 2018 and #773 in Inc.’s 2019 list of the fastest-growing private companies in the U.S. and #27 in LinkedIn’s list of the top 50 startups.

TechFunnel Newswire

TechFunnel Newswire | TechFunnel.com is an ambitious technology-focused digital channel dedicated to highlighting the economy of information and the massive intersection of business and technology. We offer useful information, news, tools, and recommendations about what is new in the industry, where technology is headed, and how it can help you improve your personal and professional life. The goal of TechFunnel.com is to keep businesses and consumers on the...

TechFunnel Newswire

TechFunnel Newswire | TechFunnel.com is an ambitious technology-focused digital channel dedicated to highlighting the economy of information and the massive intersection...

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