fact of the week
OLDER WORKERS SACRIFICE PAY, CAREER DIRECTION TO LAND NEW JOB
Both older and younger workers indicated a willingnes to change careers (69% each) to facilitate their gaining new employment. Over three-quarters (77%) of older job seekers said they were willing to take a pay cut, compared to 64% of prime age job seekers. In fact, 65% of the older job seekers that found another job did take pay cuts. A higher percentage of younger workers (35%), however, said they would relocate for work than older workers (23%), according to the most recent Sloan Center on Aging & Work Issue Brief analyzing data from a survey of unemployed job seekers.
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