How old is an older worker?By Mike Berry on 26 Oct 2004 in Personnel Today Previous Article Next Article Comments are closed. Exactly how old is an older worker and when are their most productive years? Personnel Today’s exclusive NOP-conducted research of nearly 1,000 people finds some consistency in the responses from the different age groups, but with some subtle differences.On average, the public cited 62 as the age they would generally consider someone at work to be old. However, 15-24 year olds classed older workers as those aged 59. The 55-64 year olds put it at a few years higher, citing 65 as the definition of an older worker. HR respondents defined older workers as 64 and over.These views are quite different to the Government’s – a recent report by the National Audit Office defined older workers as those aged 50 or above.Overall, the public believes that their best working year – that is, the age at which they produce their best output – is 39. Those respondents aged over 45 believe their best years were in their early 40s, while younger people believe it is mid-30s, and a fifth felt they produced their best output in their 20s. Those aged over 65 said that 43 was their optimum age.The majority of HR respondents believe employees work most effectively in their 40s, although a significant minority (21 per cent) said it was in their 30s.When questioned why, people cited having more experience and knowledge in their 40s, a more mature and sensible attitude, and having perhaps achieved a sought-after promotion. Having children that were now grown up was also given as a factor.On the flip side, being physically fitter and more enthusiastic were given as reasons why people in their 20s might have the edge on older workers. Related posts:No related photos.
Maybe it’s because I hit one of those depressing milestones the other day when the young lady whom I was buying tickets from at the Museum of Natural History coyly asked if there was anyone I was buying tickets for who was 60 or older? Considering that my twin brother wasn’t on line and my daughters were the only ones with me, I can only assume she was talking about me even though I don’t look a day over 49 ½.But as this article underscores issues surrounding the elderly and financial mismanagement are getting more and more attention. A suggestion by a researcher at the Federal Reserve Bank in Philadelphia is to authorize and encourage the sharing of information among financial institutions about potential financial exploitation in much the same way they have been encouraged to share information about potential money laundering and terrorist activity since passage of the Patriot Act in 2001. I want to be absolutely clear here. Currently sharing such information among financial institutions is illegal. This is a suggested policy which would require amendments to federal law in order to take effect. Would this be worth the risks?The first question we have to answer is what exactly we are seeking to prevent? If our goal is to prevent criminal financial exploitation then the existing framework may well be good enough. State laws either mandate reporting by or protect financial institutions that choose to report suspected abuse. And federal law keeps getting more and more robust more and more robust. Financial institutions can file Suspicious Activity Reports specifically dealing with elder financial exploitation and S.2155 included provisions that will soon start shielding institutions from lawsuits when they report suspected exploitation provided they comply certain training requirements. continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Schwegman has launched a tech company that will bring jobs to central Indiana.Shawn Schwegman, the son of Bev and Terry Schwegman of Franklin County, has launched a technology company that will develop applications for smart phones, tablets and desktop computers.Gusto, LLC, is a startup business-to-consumer technology company in Indianapolis that plans to add up to 150 jobs in the next few years.Schwegman began working in startup companies over twenty years ago and has held leadership positions at companies such as ChaCha and Overstock.com.“Startup companies you know, you work 60, 70, 80, 90 hours a week, but you have fun doing it and I am passionate about it,” Schwegman said.He is spending a lot of time at the office, as Gusto will launch the debut product, which is an iPhone app that combines mobile e-mail with secure cloud storage.“Over half of email is opened on a smart phone, and to not see or have access to all of your files is a real pain,” Schwegman said. “That is a challenge that we really want to fix.”“The way I typically describe [the app], is that you use Google to search the world’s content, you will use Gusto to search yours and communicate about it.”The app will be released in March.The Indiana Economic Development Corporation offered Gusto over $2.6 million in conditional tax credits and up to $100,000 in training grants based on the company’s inititiave to add jobs. The incentives would be available if the company proceeds to hire more workers.Gusto was formally known under a different name when Schwegman interviewed for the chief marketing officer position. He told the founders they wouldn’t want to hire him because he would alter the company’s direction.Schwegman reflected on the interview as he explained to the founders, “I would go after a new product, different vision, I am really trying to solve this email problem on mobile, so it would be a different company so respectively I decline.”He was called the next day and offered the position for chief executive officer. The company went in an entirely different direction including a new name, new product and new bank accounts.Franklin County isn’t exactly a hot bed of young tech talent. Schwegman did share advice for those interested in the career field, saying, “Jump in with both feet and don’t look!”“Find your passion, that is rule number one. It may be a high paying career or low paying career, and none of that matters. What matters is following your passion.”