Companies with the Most Older Workers

These Fortune 500 companies employ the most workers age 50 and over

May 31, 2011 RSS Feed Print
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[See 5 Characteristics of a Good 401(k) Plan.]

Younger employees could use this list to find companies where older workers will be retiring, which means openings for advancement. "Firms see their workforce aging and they want to make sure they have a good team behind them," says Bluestone. However, older employees increasingly need and want to continue to work, so there is no guarantee that baby boomers will retire in the near future. "There are probably going to be more people leaving those firms where the prevailing retirement plan is a defined-benefit pension rather than a 401(k)," says Carl Van Horn, a public policy professor and director of the John J. Heldrich Center for Workforce Development at Rutgers University. "When you have the presence of a strong defined-benefit pension plan they have a financial incentive to retire that a person with a defined contribution plan doesn't have."

Here are the Fortune 500 companies that employ the most and least older workers:

Fortune 500 Companies with the Most Older Workers

1. American Airlines; 39.157 percent of employees are age 50 and older

2. Eastman Kodak; 38.420 percent

3. TravelCenters of America; 38.387 percent

4. Delta Air Lines; 37.688 percent

5. United Airlines; 37.648 percent

6. Weyerhaeuser; 36.877 percent

7. Edison International; 36.225 percent

8. Northeast Utilities; 36.127 percent

9. Smithfield Foods; 35.948 percent

10. United Services Automobile Association; 35.459 percent

Fortune 500 Companies with the Least Older Workers

1. AECOM Technology; 6.041 percent of employees age 50 and older

2. Auto-Owners Insurance; 9.802 percent

3. Goldman Sachs Group; 11.331 percent

4. C.H. Robinson Worldwide; 12.042 percent

5. Google; 12.855 percent

6. Electronic Arts; 13.620 percent

7. Freeport-McMoRan Copper & Gold; 14.216 percent

8. Chesapeake Energy; 14.269 percent

9. Nordstrom; 14.269 percent

10. Consol Energy; 14.278 percent

Source: RetirementJobs.com

Twitter: @aiming2retire

Tags:
employment,
retirement,
careers

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We need alot more companies who are willing to ivest in the older worker. Not all of us who are single/O and 55+ (babyboomers see the defintion) have the option to take early retirement.

Karen Blyth of GA 8:33PM July 19, 2012

I difference is that some industries may try to retain older workers but I can't think of one that considers it an advantage in new hires.

Sissie of NC 10:35AM June 10, 2012

Wouldn't it be nice if we could retire. A depressed stock market, secure investments paying less than the cost of inflation, dead real estate, real threats to social security reductions - all characteristics of the retirement income scenario that baby boomers face.

Jack of DC 6:06PM July 27, 2011

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