Briefs: Ending the Obsession with Millennials, Ageism or Profit?, and California Facing the Silver Tsunami
It’s time for companies to end the obsession with millennials and hire older workers with skills and expertise
In an Opinion piece on MarketWatch Kelly Palmer, the former Chief Learning Officer at LinkedIn, published a manifesto that calls out companies obsessed with youth.
A study by Visier Insights found that “Gen Xers in tech are being hired 33% less (and baby boomers 60% less) than their workforce representation, while millennials in tech are being hired almost a whopping 50% more than their workforce representation.”
Much of the research in the article is included in Palmer’s new book The Expertise Economy written with co-author David Blake.
But the shift in thinking that needs to happen isn’t just about what businesses need and should do. It’s also about what older workers need — and want. These days, many people can’t afford to retire. And even among those who can, there’s a desire to keep working for the fulfillment it offers. Thanks to modern medicine, people have the chance to keep contributing, and aren’t looking to give it up.
California and the Aging Population
In a story in the Los Angeles Times, reporter Melanie Mason takes a hard financial look at what the next governor will be facing as the population over 65 more than doubles over the next 40 years.
Between now and 2026, the number of Californians 65 and older is expected to climb by 2.1 million, according to projections by the state Department of Finance.
Most troubling is the costs for the next generation of low income seniors. The trend will put a greater strain on state safety nets including Medi-Cal. The number of homeless people 62 or older surged by 22% in Los Angeles County this year, even as the overall homeless population slightly dropped.
Aging is slow-motion. Fixing a pothole today is something everybody can see and feel.— Bruce Chernof, president of the SCAN Foundation, on the difficulties of getting public support for aging programs.
Ageism or Profit? Don’t Let Myth Interfere With Success
Ageism is hurting productivity and profitability. In a more challenging business climate, every company needs an inclusive multi-generational workforce.
Next For Me compadre John Tarnoff published this call out to businesses to welcome older workers. He asks:
What are you doing in your business to support a fully multi-generational workforce?
- Are you looking outside the conventional hiring resources for the right candidates, no matter how old or young they are?
- Is your HR/recruiting team on board with the multi-generational mindset – and sending the right messages in their recruiting efforts?
- Are older employees encouraged to share their wisdom and experience – both to support upper management as well as peers and younger workers?
- Does your company culture embrace diversity and inclusion across ages as well as across ethnicity, gender, and culture?
Read the full article: Ageism or Profit? Don’t Let Myth Interfere With Success
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