Great Lakes Wire

Ageism in the workplace is a significant issue, according to a report by Resume Now. The 2024 State of Ageism in the Workplace report surveyed 1,003 U.S.-based workers aged 40 or older and revealed that 90% have encountered age-related discrimination.

The report explores how ageism affects hiring practices, pay disparities, and workplace dynamics. It highlights the emotional and financial toll on those experiencing such discrimination. "With the vast majority of workers over the age of 40 experiencing age-related bias, it’s clear that ageism is a very large and unaddressed problem within the workplace," said Heather O’Neill, career expert for Resume Now.

Key findings from the survey show that nearly half of respondents reported lower earning potential due to age-related discrimination. A striking 91% considered taking legal action against their employers because of this bias. Additionally, 45% experienced feelings of isolation and loneliness at work due to ageism.

The survey also identified common forms of age discrimination:

- 52% noted employers mainly hiring younger employees.

- 49% earned less than younger colleagues doing similar jobs.

- 45% observed different management attitudes towards older workers compared to younger ones.

More severe instances included:

- 11% faced unfair discipline due to physical challenges related to aging.

- Layoffs targeting older workers were reported by another 11%.

Financially, ageism has jeopardized earnings and retirement plans for many:

- Nearly half reported reduced earning potential.

- Early or forced retirement was experienced by 43%.

- Retirement plans were adjusted earlier than expected by half of those surveyed.

Emotionally, the impact is significant as well:

- Isolation and loneliness affected 45%.

- Depression was reported by 44%.

- Anxiety was experienced by 36%.

Human Resources departments were often informed about these issues, with most cases seeing some form of intervention. However, actions taken against perpetrators were usually mild. For example:

- Only a warning was given in many cases (37%).

Despite attempts to address these issues through HR channels, many respondents felt compelled to consider legal action due to insufficient workplace measures addressing ageism.

Heather Nezich provided this information courtesy of SBAM-approved partner ASE. Source: Resume Now