How does age discrimination hurt employers?
Between 2010 and 2018, employers paid $810.4 million in settlement costs alone for age discrimination lawsuits. In addition to hefty financial penalties, the intangible and equally detrimental costs of age discrimination include:
Demotivated employees, resulting in lowered productivity, customer service, product quality, and overall work performance.
A loss of talent and institutional knowledge.
Missed opportunities to hire and retain workers who possess knowledge, experience, good judgment, and commitment.