Wanted: Grey hair

Baby boomers are back in fashion.

Interest in hiring mature aged people has surged on the past six months as companies seek to bolster their stock of experience necessary to navigate a business through hard times.

The latest PricewaterhouseCoopers Private Business barometer reports that in August this year 40% of companies surveyed, that had between $1 million to $100 million, viewed mature aged workers as an alternative source of employment to assist with the lack of qualified talent. This was an increase from 26% in February.

Meanwhile companies that saw migrants as a source of employment fell to 14% in August from 24% in February. However students and interns stayed the same at 8%; the least favoured alternative source of new employees.