Tuesday, April 03, 2007

Baby Boomers are Getting the Shaft

Corporate America is responsible for pitting the younger workers against the older, more experienced employees. We are being shoved aside for younger, but not necessarily brighter, employees. It’s a disturbing trend that is bound to make matters worse as businesses look for cheaper way to run their operations.

Corporate America must take some of the responsibility for pitting the young against the old. Many companies don't want to pay for experience. They would rather hire someone with the ability to do the job for less money than pay top dollar to a more experienced older employee. Some businesses aren't as interested in quality as they are in the bottom line: PROFIT.

Young people, eager to get a foot in the door, often times will accept less money and learn just enough to move on. What some businesses fail to realize is knowledge and years of experience go a long way in keeping them from making the same mistakes over and over again.

According to a researcher from the Center for Retirement Research at Boston College, potential employers are more likely to discriminate against older workers. Johanna Lahey sent out 4,000 resumes, of people between the ages of 35 and 62, to firms in Boston, MA and St. Petersburg, FL. Her findings indicated younger workers were 40 percent more likely to be called back for an interview than an older worker, defined as 50 years and older. Furthermore, she cited the top ten reasons why employers said OTHER employers might be reluctant to hire older workers:

1) Shorter career potential
2) Lack of energy
3) Cost of health and life insurance and pensions
4) Less flexible/adaptable
5) Higher salary expectations
6) Health risks/absences
7) Knowledge and skills obsolescence
8) Block career path of younger workers
9) Suspicion about competence
10) Fear of discrimination lawsuit

The truth of the matter is baby boomers are living longer and need to make ends meet just like their younger counterparts. Corporate America must be willing to recognize the pool of talented applicants no matter how old they are.


Beverly Mahone is an author who writes about issues affecting baby boomers in her book, "Whatever! A Baby Boomer's Journey Into Middle Age."

1 comment:

Carine said...

how true Bev. This is why I work 40 hours a week at a "day job", then I try to write on the weekends. Editors can get freelances for little if any pay. I don't even get paid my worth at the day job! who thought this was a possibility once you received the sheepskin??