Why more companies are recognizing the benefits of keeping older employees

longevity.stanford.edu

195 points by andsoitis 14 hours ago


neoCrimeLabs - 8 minutes ago

Years ago, I was a sub-contractor on a big contract that was coming to an end. One of the other contractors grabbed all the engineering talent on the floor and pulled us into a conference room. Asked each of us how to build an infrastructure that could handle X capacity with specific features.

I was the only person in the room who had actually built and maintained production infrastructure at scale, let alone at 1/2 the scale they wanted.

One at a time we went to a white board and drew our ideas.

When it was my term to present, I showed them 2 infrastructures that I already built that were more simple to explain, easier to maintain, easier to scale than the other examples. I clearly stated I ran both in a production environment, both easily handled what they were asking and more. I even showed them the websites that they ran on, and said I could provide references. Everything was clearly defined and labeled. Every question they asked I could demonstrate how it functioned.

They took 2 contractors with the most complex diagrams and recruited them. As they stated it was because they put the most thought into their designs. Both candidates were younger by ~10 years and clearly more creative.

I do still take partial responsibility because I had not yet developed my presentation skills.

Their project did fail. Not sure why, but I can imagine. A lot of companies were failing at the time.

rr808 - 10 hours ago

I'm now in my 50s. I tried management but prefer working as an IC. I think I'm good but I know most companies would never hire me. One thing I do now is try to look after all the youngest grads and new joiners. Its so cutthroat now it seems no one has time to help anyone else, so I like helping people get up and running and encouraging them to enjoy their work while being productive and getting their skills up. No one else seems to care.

keyle - 6 hours ago

I haven't upvoted a story so fast in ages! j/k

In 2022, I interviewed with a company... in crypto.

I was the oldest in the company by a decade at least. They kept telling me they wanted experience. I have plenty, of experience. I was cautiously optimistic.

They eventually failed me on a test of reactJS. The funniest part was when I asked for feedback, the reason they gave me, were showing poor engineering technique on their end; a lack of understanding of what makes it down the wire.

So they wanted experience, but not the experience that prevents them from making mistakes of their own; not an experience that threatened their views. I realised this later. Young rock-star developers want experienced people around them, maybe, but they want to be free to reinvent the wheel on a whim.

Now when I interview some place and I eerily feel old, I just bow out respectfully. No point wasting everyone's time.

tbrownaw - 9 hours ago

This seems to be arguing that they should more than showing that they increasingly are.

Also the bit about companies with more older workers performing better, and the bit about older people often losing jobs due to layoffs, sound like they could also fit together as high firm performance permitting long tenure rather than having to show only that experienced employees cause higher firm performance (although of course the examples demonstrate the latter via other means, so it can't be that it doesn't happen at all).

havaloc - 10 hours ago

"Old age and treachery will always beat youth and exuberance" - as misquoted by Jett Reno in Starfleet Academy.

I work in academia and the breadth of knowledge on how to get things done by the older workers in a bureaucracy is just astonishing. Lose them at your peril!

Muromec - 7 hours ago

I work in a place where we have (former) COBOL developers and the actual mainframe. One co-worker worked here for 25 years until they retired last year (does it sounds like trade union propaganda already?). We also have a lot of 20 years old for whom it may be the first job.

Somehow it's consistently no drama and no nonsense place. Compared to the frat house atmosphere of the usual tech startup, it's really different.

falloutx - an hour ago

I am 30 and I feel like I get discriminated by age already. Hiring teams are still mostly made up of new grads (<5y exp) who work for cheap and this hasnt changed since 2 decades ago.

mahrain - an hour ago

With the age of retirement (in europe) steadily increasing, and the workforce getting older, the typical corporate position of rejecting older candidates will need to change, if only simply to fill the vacancies. For this, the mentality of hiring managers and HR will need to change as well, and business school articles like this should help.

mixmastamyk - 9 hours ago

https://news.ycombinator.com/item?id=46867010

Only keeping, or hiring too? Need a job HN. Though I don't do MS Teams, haha.

siliconc0w - 8 hours ago

Wisdom is a thing, the longer you spend in tech the more you realize that most engineering work is probably a net negative.

stego-tech - 9 hours ago

Nevermind that society dictates everyone must work to survive by default.

Nevermind that work has become significantly more precarious, the cost of living higher, the wages lower.

Ageism is just a dick move in general. It's gotten to the point where job candidates in their 30s and early 40s are dropping work history and education to appear as if they're in their 20s to potential employers - and even considering plastic surgery[1]. It's gotten completely out of control, but I'm quite glad to see more of my peers and younger colleagues taking a firm stance against it in any form.

As long as the work gets done, everything else is irrelevant. As long as the idea is successful, it doesn't matter the age of the person who surfaced it.

Stereotyping just gets your ass into legal trouble, and the easiest solution is to just not do it in the first place.

[1]https://www.businessinsider.com/resume-botox-lying-millennia...

simianwords - 6 hours ago

I liked the article not because I think older people work better but it’s good for society to normalise working when you are old.

Giving a safe, inclusive place where old people can still be productive and feel like they matter is important.

I think the article is correct in that older people can still be productive even at 60+ and it’s a pity that we let them retire. Retiring is not the most healthy option for people!

chanux - 4 hours ago

I Appreciate the sentiment and yet in spirit of balance:

"Science moves forward one funeral at a time" - Max Planck

svilen_dobrev - 5 hours ago

yeah. Long-experienced people (not just plain-old) have grown that feeling called "warm fuzzies" [1]. And although warm-fuzzies are not in the spec, mostly, it is what makes or breaks good product/service.

anyone hiring such? https://news.ycombinator.com/item?id=46873028

[1] https://en.svilendobrev.com/1/MeetingtheSpecandOtherSoftware... (a copy because it's gone from web)

dangus - 10 hours ago

The article is so comprehensive it’s hard to comment on all of it.

I think the idea of making physical workplaces better accessible for older people also benefits the young as well. So many companies just assume “oh hey our factory workers/laborers are strong dudes they can handle XYZ repetitive task no problem.”

But really, you’re just making everyone less productive.

I also think that companies underestimate the quality loss they get when they refuse to cultivate an environment that employees who have the wisdom of older age and perhaps more options to go elsewhere will tolerate.

9/9/6 burnout shops chase away families with kids and older employees who know the value of time and bias themselves toward inexperience, working harder not smarter, and a general lack of diversity in life experience.

ThrowawayTestr - 10 hours ago

Management drastically underappreciates the value of tribal knowledge. Even the best documentation doesn't cover every edge case.

https://en.wikipedia.org/wiki/Tribal_knowledge

BiteCode_dev - 4 hours ago

- Young people to innovate and grow

- Old people to stabilise and ensure sustainability

Fire one group and you get problems on the long run.

The hard part is to keep the balance between each group's influence. They don't have the same needs, desires, agendas, and flaws.

casey2 - 2 hours ago

Interestingly there is no statistical correlation between worker performance and experience. Maybe the poor lighting is holding them back?

AIorNot - 3 hours ago

WTH is this article on about?

I just went to a tech social event last week here in Seattle and there were so may older men and women desperately looking for new positions after having been brutally cut by Microsoft and Amazon

Also the calculus that older employees cost companies more in salary and benefits is usually ruthlessly applied

In the tech / startup world I have to lie about my age or hide it as an over 50 year old..

I mean you don’t see any AI commercials with gray haired people do you

Ageism and Sexism is rampant in tech - not to mention the practice or hiring folks of one age , sex and ethnicity or another as culture ‘fit’

It sucks because so many older tech experts with years of good experience have been thrown by the wayside.. to the point where its a cliche

known - 3 hours ago

[dead]

Animats - 8 hours ago

OK, boomer.

The other side of this is old people desperately hanging onto jobs because they can't afford to retire. So slots are not opening up for young people.