Generation X suffers most from global unemployment crisis

Generation X suffers most from global unemployment crisis

Workers aged 45 and over, belonging to Generation X, are the ones hardest hit by the global unemployment crisis caused by the Corona epidemic, according to a new report. , And 1,404 personnel managers in seven countries.
Rapid adoption of digitization during the epidemic has accelerated job automation and exacerbated the aging phenomenon, making it difficult for workers in their mid-years to find jobs, according to a report by Generation, a nonprofit employment organization.
The organization conducted a global study, entitled "Meeting the World's Midcareer Challenge," and found that workers aged 60-45 face greater barriers due to prejudice among staff, as well as their own refusal to learn new skills.

The new report puts for the first time "a story about old age," Generation CEO Mona Murshad told CNBC. "Demography is in distress, and it's very clear that once you reach a certain age, it's much harder to find employment opportunities."
Although the study was conducted in different countries - from the US and UK to Italy and India - the findings of the report were the same: 60-45 year olds are mostly the workers they ignore. For the past six years Generation X has consistently suffered the highest percentage of long-term unemployment.
In addition, the study found that HR managers everywhere thought 60-45 year olds were the worst group in terms of readiness, work ability and previous experience. Leading concerns included the refusal of older workers to learn new technologies (38% of HR managers), an inability to learn new skills (27%) and difficulty working with other generations (21%).
These findings contradict the evidence, which suggests that older workers tend to perform better than their younger counterparts at work. Nine out of ten HR managers (87%) even said that employees aged 45 and over are as good as their younger counterparts - and even more so.
According to Morshad, the findings highlight a hidden prejudice in the workplace. For example, that HR managers have a tendency to choose employees their age.
According to her, professional training can help, although the report shows that more than half of job seekers aged 45 and over are not interested in undergoing training (57%). Only 1% said that training actually helped their self-confidence when looking for work.

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