While older workers may be a more likely prospect for layoffs because they cost more to employ, companies do face the risk of an employee discrimination lawsuit, says Spriggs.
“During recessions you see claims of discrimination go up,” he says. From a cost analysis, he says companies would rather hire a younger person for an annual salary of $25,000 and pay for training, than pay a senior employee $80,000 a year. But the issue right now isn’t layoffs. It’s the steady number of new job entrants and a contracting job market.
But what about technology? Since companies are seeking greater positioning in the digital realm, wouldn’t younger people, who grew up with the newer, faster technology, be best the ones for the job?
“It doesn’t matter,” he said matter-of-factly, shooting down the remaining remnants of my hypothesis.
So much for that theory.
Renita Burns is the editorial assistant for BlackEnterprise.com.