Workers 55 to 64 have been in their current jobs roughly three times as long as their younger counterparts.
Employers who are looking to reduce turnover might want to consider hiring older workers, not recent college graduates, according to a new study.
The study, released Friday by the Bureau of Labor Statistics, shows that workers ages 55 to 64 have been with their current employers a median of 9.3 years, while workers ages 25 to 34 have a median tenure of only 2.9 years.
HR professionals say the mix of a tight labor market and baby boomers postponing retirement has encouraged employers to hire and retain experienced older workers.
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