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Lawsuits, Lost Expertise And Bad Morale: The Steep Risks Of Ignoring Older Employees

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She says that all companies need to create and enforce hiring and employment policies to reduce ageism. . In May of 2021 that number jumped to 78% — the highest number AARP has ever recorded since they began tracking in 2003. . The average cost of a discrimination claim is $125,000 if the employee and company choose to settle.