Employees over 50, also known as GenXers, experience less stress and are better able to focus on work compared to those under 40, according to a recent study. They are also more likely to handle crises effectively and demonstrate a strong work ethic. However, despite these advantages, GenXers often face age discrimination in hiring and promotions, as highlighted HR experts.
Unlike millennials and Boomers, GenXers, born between 1965 and 1980, have been largely overlooked. They entered the workforce before the millennial generation and have benefited from a high-capex environment between 2004 and 2010, resulting in better salary growth compared to GenZers or millennials.
A 2023 Asia Mental Health Index Aon and TELUS Health reveals that GenXers experience less stress and are able to concentrate on work more effectively than those under 40. The report also indicates a correlation between mental health and productivity, stating that employees under 40 are significantly more exhausted at the end of the workday compared to their older counterparts.
GenZers, on the other hand, are found to be the most stressed group. The Aon report highlights that individuals between 20 to 29 years old experience the highest mental health risk among all age groups. GenXers display a different work ethic compared to GenZers, likely influenced the liberalization period in the late 1990s when they entered the workforce. They are more adaptable, capable of working long hours, and possess a greater capacity for work.
According to Varda Pendse, a strategic HR consultant and coach, and Neeraj Balani, MD of International SOS, differences in work ethic between generations are noticeable. GenXers prioritize work-life balance, while GenZers prefer remote work and use multiple apps for communication and project management. During a crisis, GenZers bring digital savviness to the team, while GenXers demonstrate a calmer approach and perseverance.
Despite the advantages and valuable experience GenXers bring, age-bias is apparent in the hiring process. Pendse highlights the preference for younger employees, both in hiring and promotions. However, experts argue that recognizing and valuing older employees is not only fair but also strategically beneficial for organizations. Their experience and institutional knowledge can contribute significantly to problem-solving, mentoring younger colleagues, and overall company success.
Experts suggest that an ideal workplace should include a balanced mix of GenXers, millennials, and GenZers. Millennials, having experienced both the non-digital and digital eras, can adapt quickly and benefit from mentoring support from GenXers while also mentoring GenZers.
In conclusion, GenXers possess valuable traits, including less stress, strong work ethic, and crisis management skills. Despite facing age discrimination, recognizing and valuing their experience can be advantageous for organizations. A diverse workforce that includes GenXers, millennials, and GenZers can create a well-rounded and successful workplace.