Found yourself without a job after many years of service? Statistics continue to indicate that the job market remains tight. Reports of some positive movement on the job front are quickly tempered with specific stories of employers not wanting unemployed applicants or of extremely long job searches encountered by older workers.
A shocked economy forced many organizations to reduce their number one cost, payroll. Realizing the largest savings meant laying off those with the heftiest paychecks. Unfortunately in most cases these were the employees with the longest terms of service and older in age. Corporations strapped with large bank commitments and diminishing sales routinely reduced their payroll costs in this manner.