Catherwood LibraryILR School

In a major turnaround from what is accepted corporate policy, many British firms---including those in information technology industries---are hiring older workers and realizing increased savings and profits as a result. While firms in high-tech industries have traditionally seen senior employees as less able to keep up with rapidly changing industries, in the current tech-worker shortage they are finding that the considerable experience of such workers actually reduces the training and gear up time they need. These firms are will likely have a major competitive advantage over the majority of British and European companies who still give preference to younger workers, when anti-age discrimination legislation goes into effect throughout the European Union in 2006.