Ever since the Social Security program was created in 1935, we have come to accept 65 as the age of retirement. Back in the day, most people looked forward to it after grinding it out for 30 or 40 years and, most often, with the SAME employer.
But the times---they are a changin'. Inflation, the Stock Market Crash, depleted 401Ks, along with living healthier lives has made the word "retirement" a bad thing to say, especially for baby boomers like me who expect to work many, many years past 65. On top of that, you have retirees in their 70s and 80s who are jumping back in the workforce in an effort to supplement what they're not getting from Social Security.
So what's the problem with that, you ask? Well, from my viewpoint there's nothing wrong with that, however, millennials might think otherwise. They represent a changing of the guard in today's job market with their energy, eagerness, creativity and tech savviness. As a matter of fact, "more than one-in-three American workers today are millennials, surpassing baby boomers in 2014. By 2025, they are expected to make up 75 percent of the workforce." What this means is, if baby boomers want to stay in the workforce past retirement, they are going to have to battle it out with their younger counterparts. Retirees, trying to re-enter the job market, are going to find themselves chasing entry-level jobs like those they held over a half century ago.
Then you have employers who must decide who is the best candidate for the job. Some older workers believe they will favor millennials because they want to make sure their investments in hiring and training will pay off for years to come. They also don't want to pay for experience. They would rather hire someone with the ability to do the job for less money than to pay top dollar to a more experienced older employee. But what some employers fail to realize is millennials are known as the job-hopping generation so if they're not happy, they don't have any problem walking away. Baby boomers, on the other hand, will more likely stay and be miserable in order to collect a paycheck.
"Let the battle begin!"
Showing posts with label job market. Show all posts
Showing posts with label job market. Show all posts
Saturday, April 01, 2017
Wednesday, March 15, 2017
Millennials Don't Need Blind Deaf and Dumb Managers
Having a "voice" in the workplace has always been important but it seems to be more important than ever since millennials have arrived on the scene. Among other things, they have been described as the job-hopping generation which, in essence means, if they're not happy with the way things are going they have no problem walking away. (I imagine they will re-think that as we move through the next couple of years).
Since returning to the workforce and finding myself surrounded by millennials, I am discovering just how bright, talented and innovative some of them are. But I am also seeing managers who fail to recognize what they bring to the table. This is especially true of some baby boomer managers who want to prove how much they are in charge and make their subordinates feel totally inferior. But sooner or later these baby boomer managers will be replaced so it would be in their best interest to work to help develop the young minds and build on their initial employment enthusiasm.
This is what Millennials don't need from baby boomer managers:
Don't be BLIND: Managers should not ignore their gifts and talents. Don't act as if you don't see the work they're doing and for pete's sake, acknowledge their very presence. Managers should know every employee by their first names and speak to them daily. When employees feel a connection to management, statistics say they will perform better and that helps increase the Company's bottom line. They are also more likely to stay with the Company to consider it as a career move.
Don't Be DEAF: Millennials may not articulate their thoughts and ideas in the same way baby boomers do but they should at least be given the opportunity to do so. Their innovative ideas could sprout forth a new product or help save the Company money. If you refuse to listen to them, you will also miss the opportunity to make yourself look good for hiring such a smart young person.
Don't Be DUMB: According to a CareerBuilder Poll, 58 percent of managers received NO training before starting the job and if you couple that with a lack of people skills, the workplace is set up for disaster. You have to show you care about your employees---that doesn't mean "baby" them but you shouldn't be oblivious to them. One of the worst mistakes some managers make is allowing their egos to get the best of them. Author, Darryl Rosen says, "Help others feel understood by turning down the volume of your ego and turning up the volume of your listening."
As Forbes.com contributor Travis Bradberry says, "If managers want their best people (millennials) to stay they need to think carefully about how they treat them."
And there's absolutely nothing dumb about that.
Since returning to the workforce and finding myself surrounded by millennials, I am discovering just how bright, talented and innovative some of them are. But I am also seeing managers who fail to recognize what they bring to the table. This is especially true of some baby boomer managers who want to prove how much they are in charge and make their subordinates feel totally inferior. But sooner or later these baby boomer managers will be replaced so it would be in their best interest to work to help develop the young minds and build on their initial employment enthusiasm.
This is what Millennials don't need from baby boomer managers:
Don't be BLIND: Managers should not ignore their gifts and talents. Don't act as if you don't see the work they're doing and for pete's sake, acknowledge their very presence. Managers should know every employee by their first names and speak to them daily. When employees feel a connection to management, statistics say they will perform better and that helps increase the Company's bottom line. They are also more likely to stay with the Company to consider it as a career move.
Don't Be DEAF: Millennials may not articulate their thoughts and ideas in the same way baby boomers do but they should at least be given the opportunity to do so. Their innovative ideas could sprout forth a new product or help save the Company money. If you refuse to listen to them, you will also miss the opportunity to make yourself look good for hiring such a smart young person.
Don't Be DUMB: According to a CareerBuilder Poll, 58 percent of managers received NO training before starting the job and if you couple that with a lack of people skills, the workplace is set up for disaster. You have to show you care about your employees---that doesn't mean "baby" them but you shouldn't be oblivious to them. One of the worst mistakes some managers make is allowing their egos to get the best of them. Author, Darryl Rosen says, "Help others feel understood by turning down the volume of your ego and turning up the volume of your listening."
As Forbes.com contributor Travis Bradberry says, "If managers want their best people (millennials) to stay they need to think carefully about how they treat them."
And there's absolutely nothing dumb about that.
Sunday, October 09, 2016
Move Over Baby Boomer Because The Millennials Are Here
You walk into your new-hire enrollment meeting to
see a 50-year-old man fumbling with the computer and telling you to take a
seat. It’s a scene you’ve been conditioned to seeing throughout your academic
career. The instructor introduces himself and lets you know it will be six
weeks before you actually start working and he is going to be your guide to
learning the “new computer systems.” You instinctively roll your eyes and get
your phone out. Without a tiniest effort you can find a YouTube video that will
teach you everything this man knows about a “new computer system” in 30
minutes, not 6 weeks.
You take a deep breath as he hovers over the start
button for the full display to come up as he moves over each option before
landing on ‘programs’. Think about how you wanted to start meditating as he
accidentally clicks away onto the screen and is about to have to restart this 5
minute ordeal. What is this guy going to “teach” you next? How to open
Microsoft paint? I’ve been ignoring my middle school teacher for years playing
with that. Maybe he’ll open your eyes to the world of Excel?! You finished your
capstone class in college with advanced pivot tables and if this guy pivots too
hard he’s going to break a hip.
Yes, a changing of the guard is taking place. With all of their fanfare and glory over the
years, baby boomers are reluctantly realizing a new generation has arrived and
we are setting the tone for the workplace of the future. We win, hands down, when it comes to
technology, although we may lose out on those soft skills like actually talking
to each other face-to-face.
Baby boomers have been in the workplace and building
relationships for years. They may have
worked for a Company longer than we’ve been alive. They are accustomed to
making the high five and six-figure incomes and used to running “the show”
their way. You know what I’m talking
about: “It’s my way or the highway!”
attitude.
But now with more than ten thousand boomers turning
65 and becoming eligible for retirement annually, it’s our turn to step up and
take our rightful places in the workforce.
You can read more in the new book: The Baby Boomer/Millennial Guide to Understanding Each Other in the Workplace.
Written by Chris Gure
Labels:
baby boomers,
beverly ahone,
books,
chris gure,
generations,
job market,
millennials
Tuesday, September 20, 2016
Dealing with Millennials in the Workplace
In case you didn’t get the memo, there is a changing of the
guard in today's workforce. Members of my generation, the baby boomers, are slowly being pushed aside for the dawning of a new era.
The Millennial generation has arrived and taken over
America by storm. According to
statistics released by the U.S.
Census Bureau in June 2015, “Millennials, or America’s youth born between 1982
and 2000, now number 83.1 million and represent more than one quarter of the
nation’s population. Their size exceeds that of the 75.4 million baby boomers.”
(born between 1946-1964).
They are not interested in hierarchy
or the “kiss ass” mentality to get ahead on the job. Unlike us, if they’re not happy with the way
things are going, they’ll just look for something else. We, meanwhile, suck it up and continue to
work and complain until we’re fired or retirement comes.
As someone who has and currently works with Millennials, my advice to my fellow boomers is to treat them respect and not view them as children. Learn from them when it comes to technology while demonstrating your own wisdom and knowledge to help them with the soft skills they undoubtedly lack.
To read more, stay tuned for a copy of my upcoming book: The Baby Boomer Guide to Understanding Millennials in the Workplace.
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."
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."
Subscribe to:
Posts (Atom)

