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Foster Denovo|News & blogs|News|How the advice profession bucks over-50s workforce trends

How the advice profession bucks over-50s workforce trends

Employers are significantly less open to hiring older workers than bringing in younger talent, according to research by the Chartered Management Institute, and perhaps the financial advice profession is the exception that proves the rule.

In the CMI’s survey, three-quarters of managers (74 per cent) said their organisation is, to a large extent, open to employing people between the ages of 18 and 34. This drops to two-thirds (64 per cent) for people between 34 and 49.

This willingness continues to drop further, with two in five (42 per cent) saying their organisation is, to a large extent, open to employing between the ages of 50 and 64. One in five (18 per cent) said so about employing people aged at least 65.

However, Head of Talent Acquisition at Foster Denovo, Helena Bogdanovski, says having a mix of different ages in the industry is incredibly important, “The energy and ambition of young generations, combined with the experience and confidence of more mature workers, brings a wide range of skills and approaches to better serve clients.”

Read the full article on FT Adviser here.

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