Page 7 - Senior Times 26-01 January 2019
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Senior Times - January 2019 Page 7BENEFITS TO HAVING SENIORS IN THE WORKPLACEBy: John Grimaldi, AMACThe old saw that suggests you can’t teach an old dog new tricks misses the mark according to the Association of Mature American Citizens (AMAC).new tricks misses the mark, noting that the former chairman of General Electric, Jack Welch, provedThe oldest segments of the population are also the fastest growing segments of the American labor force, according to the Bureau of Labor Statistics. The BLS reports that younger members of the workforce have a stable, lower level of participa- tion but the numbers of older workers – those 65to 75 and older – are expected to increase steadily through 2024it. In 1999, Welch created what he called a reverse mentoring program at GE that paired “employees in their 20s and 30s who were knowl,edgeable about the internet and interested in new technology with executives – including Welch, himself – who were novices in that realm.”“It’s a good thing,” says Dan Weber, president, AMAC. “The reason: an older workforce is a more engaged workforce. Gallup says that older workers are more ‘involved in and enthusiastic about their work and are more productive in their workplac- es – than younger workers. People are not only living longer these days, they’re living healthier, more active lives. That, combined with the greater freedom at home that comes with reduced family obligations, makes older employees more focused on the satisfaction of a job well done.”The Sloan Center described it as a Cross- Generational Transfer of Knowledge About Social Media in a report on how the Hartford created its own, successful program. The report concluded, “The opportunities for learning and open discus- sion that reverse mentoring provides are fluid and countless. The new relationships formed by men- tors and mentees can be inspiring and genuine.”It was an initiative that the Sloan Center on Aging & Work at Boston College says quickly caught on.Weber also points out that employers gain a competitive advantage by utilizing the experience and know-how of older workers and taking advan- tage of the knowledge they’ve gained over the years.Resource professionals who participated in the study “indicated employees in their organizations are receptive to working with older workers (92%), learning from older workers (91%) and being men- tored by older workers (86%) to ‘some’ or a ‘great extent’.”Ageism is still a challenge for older workers, according to Weber, but there are signs that employers are waking up to the reality that there are a lot of benefits to keeping senior employees on their payrolls and hiring from the fast-growing pool of older job seekers.The numbers of older workers – those 65 to 75 and older – are expected to increase steadily through 2024.In addition, working seniors have a positive effect on the economy. They have more disposable income and, as a result, have created a growth mar- ket for private sector companies catering to their needs.“They are beginning to realize that seniors can adapt to new ways, as Jack Welch proved, andthat they can be excellent role models for younger workers, that their enthusiasm is infectious, that in most cases the work means more to them than their paychecks and, of course, that they have had a life- time of learning from their mistakes.”The Society for Human Resource Management (SHRM) conducted research and found that the top three advantages of older workers, compared with other workers are:Meanwhile, the AMAC chief acknowledges that workplaces have become more dependent on new and developing technologies than ever before. And, Weber admits that some employers might think that seniors who remain on the job as they grow older might not be able to adapt. But, he adds, the old saw that suggests you can’t teach an old dogThe Association of Mature American Citizens (AMAC) is a senior advocacy organization that takes its marching orders from its members. They act and speak on their behalf, protecting their inter- ests and offer a practical insight on how to best solve the problems they face today. For more infor- mation visit www.amac.us.1. More work experience (77%)2. Higher level of maturity/professionalism (71%) 3. Stronger work ethic (70%)The SHRM reported that 92% of HumanSOUTH CENTRAL MICHIGANTMSENIOR TIMES INFORMATION:Publisher & Executive Editor: Sherii Sherban; Advertising Consultants: Pat Fosdick, Sally Goss; Marketing / Administrative Asst: Christyn McCleary; Staff Photographer / Artist: Keith Sherban; Artist: Frederick DeRuiter; Publisher Emeritus: Richard DeRuiterSUBSCRIBE TODAY!GET YOURS IN THE MAIL!NAME: ADDRESS: CITY: STATE: ZIP CODE:ONE YEAR SUBSCRIPTION: $20MAIL TO: Senior Times, 4642 Capital Ave SW Battle Creek, MI 49015 MAKE CHECKS PAYABLE TO: Senior TimesSenior Times of South Central Michigan is published twelve times per year by W.W. Thayne Advertising Consultants, Inc. Senior Times is distributed free through our advertisers, area professional offices, and key points of interest throughout South Central Michigan. 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