Glad to be grey: legislation banning ageism in the workplace will take effect in 2006, but the smarter employers have already realised the business benefits of recruiting older people.(People Management)

Publication: Financial Management (UK)

Publication Date: 01-SEP-04

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COPYRIGHT 2004 Chartered Institute of Management Accountants (CIMA)

Between them, supermarket giant Asda and HBOS, the parent company of Halifax and Bank of Scotland, serve tens of millions of customers a year, employ 200,000 people and have an asset sheet that stretches comfortably off to a place where every number is followed by at least nine zeros.

By any measure of size, these are huge companies. By any measure of achievement, they are successful. They also both have reputations for being hard-nosed organisations that aren't afraid to take a tough decision if the balance sheet and bottom line require it. So their latest attempts to keep ahead of the competition might come as something of a surprise. That's because Asda and HBOS have recently been making concerted efforts to...

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