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Building Bridges Across Generation GapsUtilize An Aging Workforce Written by: Michele O'Donnell, M.S. Human Resources Management
It goes without saying that the general demographic of today’s workforce is vastly different than it was 10 years ago. Countless employers have realized the bonuses and challenges when it comes to having workers of all ages present in the workplace. In this article we will focus on the “older” worker. In times past the older worker was seen as someone 60+ age range. Exactly who an older worker is, will depend on who you ask. The newest generation to the workforce may respond “someone in their 40’s” (gulp) or older; a worker in their 40’s may say “someone 60+;” and a worker in their 60’s they may “there is no such thing as an older worker anymore.” The number of workers that are staying in the workforce has increased dramatically in the last few decades and shows no signs of slowing down. The Bureau of Labor Statistics (BLS) indicated that between 1977 and 2007 the number of workers 65 years and older in the workforce increased by 101% and workers 75 years and older increased by 172% (View the Labor Statistics). This change in demographics can be for a myriad of reasons: the ever increasing cost of living, not being able to survive on one source of income (Social Security or a pension), or the need to be contributing to a group in some way. The trend will remain on the upswing, considering the effect the current economy has had on the retirement accounts of so many. It is important for organizations to realize and address the challenges that exist in an age diverse workforce. Below are some areas to consider when managing older workers:
As organizations with multigenerational workforces become the norm, it is important to recognize and address the multitude of differences that exists and prepare to adapt. Ignoring these issues may work for a short period of time, but at what cost? All generations have different views and experiences, and management will need to take the initiative to create an environment that allows all workers to flourish and be productive.
Go back to MMC February 10 HR E-Newsletter
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