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.

Age Discrimination: Real & Rising

A participant at a recent workshop asked the guest speaker about overcoming age discrimination during a job search. The speaker explained that age discrimination is less of an issue than in the past. Really?

It was one of those moments when you know you should speak up and say something. Before I could raise my hand to comment; the esteemed guest speaker went on to the next question. The person who asked seemed to disconnect from the presentation at that point. Three weeks later, the brief encounter still gnaws at me. Why didn’t I say something? What should I have said? At the very least, why didn’t I go up to the man after the session to validate his observation? So, the essence of this post is YES—age discrimination is a HUGE issue. It is not going away; it is getting worse. I’ll offer a few tips and ideas about actions you can take on the job and during a job search in this 2-part post on Monday & Tuesday.

Consider this:

• In February 2010 the Bureau of Labor Statistics reported the job search for (>age 55) workers was 35.5 weeks
• Experienced workers (>age 55) faced an average job search of 54.7 weeks in May 2011 according to AARP.

You all know the scenario. The unemployment rate is hovering in the 9% range.  New jobs are not being created fast enough because most corporations are uncertain about the global economy. Not one corporate communicator among you wants to answer the calls following the headline, “XYZ Company Cuts 10% of Workforce.” So companies sit tight and don’t hire. Consumers, on the other hand, are scared witless that they are going to lose their jobs—so they don’t buy anything except necessities (and unless it is really gross, we try generics). According to a December 2010 AARP press release, beginning January 1, 2011 about 7,000 Baby Boomers will turn 65 each day! The same release says 40% of those Baby Boomers “plan to work until they drop.” I’m assuming that means drop dead. If Fidelity Investments, the largest provider of 401(k) accounts, is right and the average account balance is $71,500, as they reported in June—we know why. So, we find ourselves in an employment cycle ripe for age discrimination.

Problem #1 is the applicant tracking system. These automated systems that run large job boards and the smaller versions that run in companies all REQUIRE dates. The company can easily calculate how old you are when you apply. These systems are designed to collect school graduation dates along with dates of employment. Most will not let you move forward in applying online without supplying all of the information. (entering 9999 overrides the dates in a few applicant tracking systems). While the ADEA (the act protecting employees and job applicants 40+) doesn’t specifically prohibit an employer from asking age or date of birth of an applicant, it is supposed to be for a lawful reason and the circumstances are very limited. Most companies train their hiring managers not to discuss age, but they already know anyway from your online application.

Check out the post from August 6 for more information about online job searching:

http://workinglater.blogspot.com/2011/08/successful-online-job-search-tips-for.html

Okay, so let’s say you survive the online applicant tracking system, the telephone screening interview and you are invited for a “live” interview with the hiring manager, other staff and human resources. They want you to have the KSAs-Knowledge, Skills & Abilities. But there is something else they are looking for and it is subjective. It is called, “fit” and no HR professional will admit it to you; but it’s there. How are you going to mesh with the other people in the department? Do you fit into the culture of the organization? And you know what? You want to “fit” too. If you are a square peg and the organization is a round hole- no matter whether you are 25, 55, or 73—this is going to be a stressful bad experience for both you and the organization. Seek opportunities where you see other mature workers. Ask your friends what it is like where they work. Some industries, companies and departments are more accepting of experienced workers than others. It is tough searching for a job, but you want to find a place where you are celebrated—not tolerated.  On Tuesday—in part 2—we’ll focus on the interviewing, image and general information.

Thanks for stopping by. Your comments are appreciated and please forward the post on to someone managing their career@40+.