The State of the Experienced Worker: Labor Day 2015

The short answer is despite your personal situation, overall the environment for workers 50+ is improving. I base my optimistic observation on 5 megatrends that have occurred since 2011, the first year when 10,000 Baby Boomers would turn 65 everyday for the next twenty years and the year this blog was launched:

There is a conversation about aging in the workforce that didn’t exist previously. Millennials, GenXers and others didn’t want to have a conversation about working Baby Boomers, basically they just wanted us to retire and go away quietly. In June 2015 there was a special Senate Hearing, “Work in Retirement: Career Reinvention and the New Retirement Workscape” chaired by a bi-partisan coalition studying issues of working past age 65. In April 2015 AARP commissioned a study conducted by AonHewitt , “A Business Case for Workers Age 50+: A Look at the Value of Experience 2015.” In March 2015, Money magazine published, “The Suddenly Hot Job Market for Workers Over 50.” CNBC, radio talk shows and other media have shined a light on the opportunities and challenges of our multi-generational workforce.

Baby Boomers are becoming career development do-it-yourselfers. Working at something we love past traditional retirement age and not tapping into social security benefits early at age 62, requires early planning. Well-meaning blog readers counseled me on moving the blog target demographic to 50+ attracting advertisers and readers in the senior market. Your 40s are the perfect decade to start planning the second stage of your career--so, I'm committed to Work, Jobs &Careers@ 40+. We have all realized the need to become DIY on training, networking and creating alternatives to what you do today if you don’t love your job. It is a personal accountability, like managing our health. No one else can do this for you and more Boomers get this now. I ask you the question today that I’ve asked groups, “what are the first five things you would do if you lost your job tomorrow?”

Corporate culture and how experienced workers are treated by management is more transparent than ever. Potential employees have to sort through the noise and scam messages online. However, sites like glassdoor.com, Indeed.com and others can shed light on management philosophy and practices. There are industry oriented sites, company specific sites and forums on job search sites.

Corporate America is (slowly) waking up to the potential of experienced workers staying in the workforce. In January 2015, the Society of Human Resource Management (SHRM) surveyed 1,913 HR professionals who rated experienced workers highly in knowledge, work ethic, professionalism and reliability. However, only 24% of the HR professionals saw the brain drain of knowledge leaving their organizations as a problem and 4% viewed it as a crisis. Some industries are more impacted than others. 39% of the American Airlines workforce is 50+ while 37% of the employees at Delta and United Airlines are 50+. The Federal government workforce is composed of 30% employees 50+. These organizations will have to face the challenges of losing their knowledge base before other companies.

More organizations are focused on next steps for emerging retirees. There are free resources for 50+ workers at encore.org, the Center on Aging & Work at Boston College have years of research for individuals and human resource professionals on their website and AARP has online resources on their website. Managing the Older Worker: How to Prepare for the New Organizational Order, Peter Cappelli’s 2010 book has ideas for leaders working with experienced workers. Excerpts of his classic have shown up in many 2015 magazines.

The experienced worker is top of mind this Labor Day!

Success in Autumn

“When we are young, we learn. When we are old, we understand.”

--Marie Von Ebner-Eschenbach

Re-imagine the Spring of Youth giving way to the Summer of Adulthood and an inevitable decline in Autumn and Winter. What if, the longer life spans we enjoy in the 21^st century are a gift of extra time to accomplish goals resting silently inside our hearts? No one knew that you always wanted to learn to play the keyboard or learn Spanish or visit Yosemite. Now that studies are predicting lifespans of ninety years as nearly average; we are challenged to find excuses to not live our dreams.

In her book, In Our Prime: The Invention of Middle Age, Pat Cohen offers a reason to believe middle age careers can be extended. “Generation X has nearly 30 million fewer members than the 78 million strong baby boom generation. Even though many from this group will work past 65, there will still be fewer employees overall,” according to Cohen’s research. It sounds like great news, but what is the best course of action to take while waiting for the business world to beat a path to the door of the 50, 60 and 70+ worker? Remember this:

·         Reid Hoffman founded LinkedIn at age 35. (Old by Silicon Valley standards)

·         Col. Harland Sanders founded Kentucky Fried Chicken  at age 65

·         Grandma Moses began painting at age 78 (she painted 25 paintings after turning 100 years old)

·         Diana Nyad swam from 110 miles Cuba to Miami in 53 hours at age 64 on her fifth attempt

·         Henry Kaiser established Kaiser Permanente w/ a business partner at age 63

Most of these people lived in America at a time when the average life expectancy was closer to 70. Could the fact that I listed above were engaged in work of their calling give them additional years to make the impact they desired? What is your calling? What is the project you are so passionate about, that you lose track of time?

There is a lot of information online about jobs, careers and callings. Time slows down so a person may discover which phase they are experiencing: a job, a career or a calling. There is no right or wrong answer and each serves a purpose. It is  going to vary for each of individual. As a mid-career professional, just know your best ideas may still be inside of you and like Reid, Col. Sanders, Grandma Moses, Diana and Henry--your greatest accomplishments in life may be realized in your autumn years.

  

Fortune Magazine's Workforce of 2022

The other day my January 16 issue of Fortune Magazine arrived in the mail. I was intrigued because instead of the usual business leader on the cover; it boasted a kind silvery version of Ryan Seacrest and called itself, “The Future Issue”. I devour Fortune like other people read People or US Weekly—which already gives you too much insight into my geeky obsession with business and the workforce. Who doesn’t want to know about the future?  So I dive right into their article on work.

Guess who is in the office of tomorrow in 2022? Their writer says there are going to be old, bald people with “salt-and-pepper eyebrows” and women in “orthopedic shoes” making their way into office buildings.  She goes on to predict, “...new drugs...will enable many people in their sixties and seventies to make the daily trek to an office or factory." When I read this in Fortune (one my favorite business magazines) I wasn’t sure if I should laugh, scream or cry. (Or maybe write a snarky letter to the editor like the one they published from me October 16, 1995—I’ve been reading for a long time). But, it is 2012—so I can put it in a blog post and send it 2,000 of my close friends.

Would it be old and mean of me to think the young lady who authored the article is a student? Because surely if she were in the workforce of TODAY—not the future, she would realize workers in their 50s, 60s and 70s peering at their smartphones through bifocals and bumping up the font on the screen for easier reading (hey, she said it, not me) is here. Maybe they don’t work at Fortune’s editorial offices, so she’s never seen us in action.  Or, and I hear this often—maybe we (older workers) are invisible to her.

Our writer blames the market crash of 2008 for the reason Baby Boomers are going to stay in the workforce and increase from 7.3 million today to 13.2 million workers over 65 in ten years. While there are plenty of people working for financial reasons, some of us choose to work longer. My Mom is 74 and works ten hours a week because she loves her profession. It is an opportunity to stimulate her brain, be around professional people, learn new things (yes, she has a smartphone, can text and use apps) and the money comes in handy too.

I don’t blame the writer for this prediction of “the workforce of future.” Anything that makes it to print in Fortune has been scrutinized by an editor or two and I think that is what worries me more. This type of characterization of older workers is not helpful. At a time when subtle bias against mature workers in some workplaces seeps into the corporate culture before the company has recognized their multigenerational workforce demands attention, Fortune missed an opportunity.

The writer could have easily talked to someone from the Sloan Center on Aging and Work at Boston College (http://www.bc.edu/research/agingandwork/about.html) or AARP (aarp.org) and I can guarantee her article would have taken a different tone.  So I am going to offer some predictions about “what happens to the workplace when seniors don’t leave” which is the question her piece supposedly answers. Visionary companies that integrate age issues into their strategic HR plan are going to have a sustainable competitive advantage. I agree with the Fortune writer that “companies will have to be creative about how they manage a workplace with staffs whose ages could span 60 years.” They do that by addressing the diversity issues a multigenerational workplace presents and it affects all areas of the company: talent management, learning and development, benefits, rewards/recognition and knowledge transfer. Some mature workers are at the “top of their game” considering skill, experience, emotional intelligence and confidence. Companies that minimize or ignore the impact a multigenerational workforce has on today and tomorrow’s corporate culture threatens morale, productivity and business results. Share your comments and let us know what you think.