How often do you hear a hiring manager from a company say, "We've got to hire older workers." Just taking a guess – but probably not frequently. And yet, older workers could be one of the secret weapons to overcome the labor shortage. While many companies struggle to find qualified employees, Americans over 65 are one of the few demographic groups where employment levels have not recovered to pre-pandemic levels. So, why are companies ignoring this demographic, and why should they make a concerted effort to recruit older workers? FirstLantic explains why a company’s greatest asset may be older workers. First, we don't have to guess why most businesses don't hire older workers. Ageism does exist. A research study on behalf of Deloitte asked [...]
So, many of us have heard the term “fat-shaming” which basically means people (mostly women) are made to feel bad about their weight. It often happens online where trollers say horrible things while hiding behind their computer screens. Thankfully, over the last few years, this practice has encouraged consumers and businesses to take a stand and start advocating that women should be proud of their bodies regardless of their size. This is progress. But what about “age-shaming”? Making people feel “less than” because they are older (especially women) is the one form of discrimination that no one seems to talk about. Let’s look at careers for example. Why aren’t businesses actively trying to recruit older women and men? Many organizations are now struggling to [...]
Boomers have always done things their way, so why should it be any different in retirement. Over 71 million baby boomers make them the second largest generational group right behind Millennials, which number at about 72 million. They are more educated and diverse than previous generations, and they have a considerable amount of aggregate spending power. Combined with the fact that they live longer and lead more active lives, they set their own rules for retirement. Those in the business of catering to seniors will need to evolve their strategy and meet this generation's unique expectations. FirstLantic explores five ways Boomers are remaking what it means to 'retire.' They are working longer. Many boomers choose to reinvent themselves by working part-time, consulting, or even [...]
It’s probably a given that most of us could name five famous women in entertainment off the top of our heads. And yet, while the U.S. is desperately trying to encourage more girls to embrace the STEM fields, how many of us could name five female scientists, doctors, technologists, or mathematicians that are at the top of their game? Having experienced first-hand how COVID-19 has completely uprooted our lives, maybe we all should have a greater appreciation for women working tirelessly to solve some of the world’s other most significant challenges like climate change, disease prevention, and how to use technology for good. In our blog this week, FirstLantic is pleased to spotlight five amazing women changing the world. Jennifer Doudna Jennifer Doudna [...]
COVID-19 has undoubtedly given us all a lot of food for thought. Many people have started questioning their long-term work situation and are dreading the possibility of going back to a rigid 9 to 5 schedule along with a lengthy commute. In fact, one of the few positive side-effects of the pandemic may have been the opportunity for us all to slow down, spend more time with our family, and have a more flexible work and life balance. If you find yourself in this situation, you may want to think about jobs that offer more flexible hours and allow you to work from home permanently. And for those over 50, there are jobs out there that are perfect for people who have life experience and [...]
In FirstLantic’s blog last week, we proposed that starting a new career or business during COVID-19 is not as crazy as it sounds. So, now that you’re considering your options, we wanted to share some of the essential tools that you will need to launch a new venture, especially while working from home. First of all, not all businesses need the same tools so some of these may be applicable and some may not. You also need to be realistic about how much you can do at the beginning so don’t invest time or money in any tech tools until you have mapped out why you need them and how you will use them. And, finally, there are lots of different options available so [...]
Our senior population is the largest, fastest-growing, and most sustainable natural resource that we have. So, why does blatant ageism still exist especially when it comes to older workers? Why do many people see a senior worker as a negative rather than a positive? In a rapidly aging society, we are going to have to stop playing into ageist stereotypes and start embracing a workforce that is experienced, educated, motivated, and over 50. FirstLanticexplores how older workers are the secret weapon to fueling economic growth.