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Why it’s time to focus on the oldest generation of workers

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Summary

This article discusses the importance of paying attention to the needs of the oldest generation of workers, who are currently aged between 57 and 75 years old. These workers are staying in the workforce for longer than ever before, and by 2030, 150 million jobs will shift to them. The article explains the importance of providing additional health benefits, flexible work schedules, and breaking stereotypes, which can all help employers retain the older generation of workers. It also discusses the advantages of doing so, such as increased stability and the potential to gain valuable knowledge and experience from these workers.

Q&As

What percentage of the global workforce will be comprised of older and experienced workers by 2031?
According to a new global study from management consultancy Bain & Company, more than a quarter of the workforce will be comprised of older and experienced workers by 2031.

What kinds of workplace accommodations can employers provide to support their older workers?
Employers can provide extra time off to spend with grandchildren, programs to learn new technology, additional health benefits, flexible work schedules, and grandparent leave.

How can companies ensure their health benefits cater to older workers?
Companies need to ensure their healthcare options cater to the fact that workers may need to visit the doctor more frequently as they get older, such as offering menopause benefits.

What kinds of flexible working schedules can employers implement to support older workers?
Employers can provide flexible work schedules to allow older workers to spend more time with their grandchildren and assist with child care, as well as take caregiving leave to take care of their parents.

What advantages come with having an older workforce?
Advantages of having an older workforce include stability, mentorship and leadership, established relationships with clients and customers, and a diverse workforce that leads to more creative and well-rounded solutions to business challenges.

AI Comments

👍 This article is a great reminder of the importance of recognizing the needs of older workers and the valuable contributions they can make to a company.

👎 This article fails to mention the unique challenges that older workers can bring to the workplace, such as ageism and physical limitations.

AI Discussion

Me: It's about why it's time to focus on the oldest generation of workers, and how employers need to start thinking more about their needs in a new way. It covers topics such as workplace accommodations, additional health benefits, flexible work schedules, and breaking stereotypes.

Friend: That's really interesting. It seems like employers need to start paying more attention to the needs of their older workers.

Me: Absolutely. The article points out that by 2030, a whopping 150 million jobs will shift to workers over the age of 55. This means employers need to start offering more flexible work schedules, additional health benefits, and breaking stereotypes to make sure the workplace is inclusive. There are also plenty of advantages to having older workers, such as stability, mentorship, and established relationships with clients and customers.

Action items

Review current health benefits to ensure they are catering to the needs of older workers.
Implement flexible work schedules to accommodate grandparents and caregivers.
Break stereotypes by including older workers in team photos and being mindful of ageism in job interviews.

Technical terms

Gen Z: A generational cohort of people born between 1997 and 2012.
Baby Boomers: A generational cohort of people born between 1946 and 1964.
Unretirement: The process of retirees rejoining the labor force.
Menopause: The period of time in a woman's life when her menstrual cycle stops and she is no longer able to bear children.
Perimenopause: The period of time leading up to menopause when a woman's body begins to transition into menopause.
Ageism: Prejudice or discrimination against a person or group on the basis of their age.