Technology Boom(ers): How US Multinational Technology Companies Are Preparing for an Ageing Workforce
Abstract
:1. Introduction
2. Materials and Methods
3. Results
Identified Themes
- Awareness: Generally, participating organizations were aware of the issues presented by an ageing workforce. P7 mentioned “a tremendous awareness, there is a conscious buildup of culture” while P6 spoke of a recent “survey to ask what priorities (the company) would like to see out of inclusion, diversity, and equity initiatives, and last year generational diversity grew from 5% to 35%.” P5 identified the impact of location, saying “some of our countries are very young and may be less aware.” In contrast, P4 said that age “has never been a conversation…there is such a focus on ethnic diversity” while P2 took a broader view and touched on “the dimension of intersectionality,” using the example of “older women with families” to illustrate the multiplier effect of different aspects of diversity. P2 had a narrower perspective of age awareness, saying “we do think about it a lot particularly when we think about career development.”P8 pointed to a lack of outcome, saying of the organization “they are aware but not actively involved.” This was generally indicated by a lack of specific data around age profiles, with only P2 in a position to make an estimate, “about five % of our population is above 50.” “Don’t know, it’s a young company” was a more typical response from P7. P1 said his organization would not “share (the proportion over 50), and I doubt if anyone else will share.” P3 said the “numbers of employees who are 50 (are) something I don’t have a hard number (for), but I know that a lot of the senior leaders are around that mark,” while “the leadership of the engineering teams are younger.” P6 mentioned that “a lot of our most senior distinguished engineers would definitely be over 50.”
- Capabilities: Perspectives varied on the technical abilities of older workers. Organizations “over-index on early-stage talent for technical hiring” (P6). P2 felt that “employees who are less tech savvy …tends to be in a certain age demographic.” P4 said older workers are “viewed as overqualified” and would have to “unlearn some things versus somebody younger coming in and we can mold them.” P3 lauded younger talent, saying “we celebrate younger engineers for the energy and fire they bring to the practice” whilst acknowledging “the knowledge and experience of the more senior engineers in setting structure and strategic direction.” P5’s view was that “sometimes we overvalue experience to the point where our younger population feel like they’re the ones undervalued.” P6 shared that “we hire early-stage high performers, we also hire people with more history that might have been pivotal parts of creating technology.” P6 also mentioned “it’s not about age, it’s about their passion for learning. If you’re a passionate technical person, you’ll keep learning forever.” P5 highlighted that older workers “bring in more diversity of thought” and “promote and contribute to greater innovation.”
- Policies and Practices: The majority of organizations in this study do not have any specific age-based policies. P7 talked about the organization making “conscious efforts…not to do something to any cohort as that’s where diversity and inclusion get challenged…the benefits are flat and consistent,” while P6 spoke about “a very self-service culture.” P5 was direct: “We don’t have any age-based policies,” a view echoed by P4, who said that age-based policy was “not part of the education that I’m receiving.” P1 however spoke about the general applicability of “nondiscrimination, bullying, and harassment” policies, and wondered about where the line between “compliance and are we doing the legal thing” is.The culture of technology organizations was seen to be an essential factor in the ageing conversation. P8 observed that “individuals forget about your age and look at your expertise.” P6 echoed this thought, talking about the depth of technical expertise of older people, “We have hired people in that age group as distinguished engineers.” P6 also mentioned the importance in technology organizations of “seeing around corners (which) is what experience brings.” P3 talked about the value of older workers’ innovation, citing their importance in “setting structure and strategic direction for where we go in product development,” whilst also celebrating ”younger engineers more as they have fresh ideas and have their fingers on the pulse of…where the world is heading.” P8 placed the discussion in a wider context, describing the tension involved in “constant reference to increasing market share amongst millennials…they don’t think older people have anything compelling to add to that.” P8 described a “consensus that the older a customer is the more likely they are to stay with us. There is implied resistance to change.” P1 discussed service mismatches in customer service, “people who use retail stores are more my generation, and I’d prefer to speak with someone…who doesn’t look down on me”. Taking an opposite view, P5 said “Our challenge is how do we persuade younger people to use our products even though the population is older.” Not all organizations are thinking deeply about the issue, with P6 not having “seen anything specific in how we develop products…” while P2 opined that “we can’t keep having this notion that there is a one-size-fits-all approach.”
- Talent Management: Respondents set their thoughts about the talent management of older workers in a broad context. P7 pointed out the impact of the COVID-19 pandemic on organizations’ level of workplace flexibility, pointing to “moving away from a mindset of any person can’t do the role for any reason, including age.” P3 reflected on the personal impacts of COVID-19, talking about the “great resignation…especially for older employees…there is a lot of reflection that goes on.” P6 felt that COVID-19 had led to “people later in career…looking for more meaning”, something supported by P1 who referred to “a societal moment-in-time change”.P3 talked about competitive recruitment strategies, and “competing with startups who are attracting younger talent, so naturally we know that if we’re competing for younger talent then older workers look to big tech for opportunities.” An organizational focus on ageing may not make a difference to individual decisions: “if we have applicants who are 30 and 57, a manager might make decisions based on trajectory and time left to work in the company.” P4 echoed this, saying that older workers “are going to be sunsetting” and age is “something that’s generally not seen as a positive”. P1 introduced the issue of cost, whereby the organization could have “two people doing exactly the same job but somebody who is 50 versus somebody who is 18, you have to pay differently for.”
4. Discussion
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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ID | Gender | Age Group | Education Level | Role | Years in Role | Number of Employees | Countries |
---|---|---|---|---|---|---|---|
P1 | Male | 40–50 | Graduate Degree | Director Global D&I | 6 | 175,000 | 100+ |
P2 | Female | 40–50 | Master’s Degree | HR Lead | 3 | 200,000 | 50+ |
P3 | Female | 30–40 | Graduate Degree | Communications Director | 3 | 130,000 | 100+ |
P4 | Female | 40–50 | Graduate Degree | Executive Recruitment | 2 | 3000 | 11 |
P5 | Female | 50–60 | Master’s Degree | DEI Program Manager | 6 | 50,000 | 80 |
P6 | Female | 40–50 | High School Diploma | Infrastructure Lead | 2 | 45,000 | 21 |
P7 | Male | 40–50 | Doctorate | Partner Development Lead | 15 | 100,000 | 30+ |
P8 | Male | 70–80 | Doctorate | Principal Technology PM | 18 | 150,000 | 10 |
Name | Files | References |
---|---|---|
Awareness | 8 | 55 |
Capabilities | 8 | 141 |
Policies Practices | 8 | 164 |
Talent Management | 8 | 80 |
Name | Description | Files | References |
---|---|---|---|
Awareness | Emerging Theme—Awareness | 8 | 55 |
Age Profiles | Knowledge/context of age profile | 7 | 18 |
Awareness | Organizational consciousness of relevance of ageing | 8 | 24 |
benchmarking | Awareness, usage of age related industry benchmarking | 8 | 13 |
Capabilities | Emerging Theme—Capabilities | 8 | 141 |
Challenges | Challenges presented by ageing workforce | 7 | 44 |
Capabilities | Capabilities of older workers | 8 | 27 |
Opportunities | Opportunities presented by ageing workforce | 7 | 29 |
Productivity | Productivity of older workers | 7 | 15 |
Technical abilities | Technical abilities of older workers | 7 | 26 |
Policies Practices | Emerging Theme—Policies | 8 | 164 |
Accessibility | Relevance of accessibility efforts | 3 | 4 |
Policies Practices | Organizational practices relevant to ageing | 8 | 39 |
Compliance | Age-related organizational compliance | 7 | 21 |
Cost of Employment | Organizational cost of older workers | 1 | 4 |
Culture | Organizational culture | 8 | 31 |
ERG | Employee Resource Groups | 4 | 5 |
Product Development | Product Development practices | 8 | 25 |
Work practices | Work-related practices | 8 | 35 |
Talent Management | Emerging Theme—Talent | 8 | 80 |
Talent Management | Managing older talent | 8 | 66 |
Motivation | Motivating older talent | 5 | 14 |
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Stone, A.; Harkiolakis, N. Technology Boom(ers): How US Multinational Technology Companies Are Preparing for an Ageing Workforce. Adm. Sci. 2022, 12, 91. https://doi.org/10.3390/admsci12030091
Stone A, Harkiolakis N. Technology Boom(ers): How US Multinational Technology Companies Are Preparing for an Ageing Workforce. Administrative Sciences. 2022; 12(3):91. https://doi.org/10.3390/admsci12030091
Chicago/Turabian StyleStone, Alan, and Nicholas Harkiolakis. 2022. "Technology Boom(ers): How US Multinational Technology Companies Are Preparing for an Ageing Workforce" Administrative Sciences 12, no. 3: 91. https://doi.org/10.3390/admsci12030091
APA StyleStone, A., & Harkiolakis, N. (2022). Technology Boom(ers): How US Multinational Technology Companies Are Preparing for an Ageing Workforce. Administrative Sciences, 12(3), 91. https://doi.org/10.3390/admsci12030091