Saturday, October 21, 2017

Tech companies have a Baby Boomer problem

Most tech workers believe the situation is improving.

Most tech workers believe the situation is improving.

Some 55% of survey respondents said diversity at their companies has improved since they started. About four in five respondents believe their companies care about having a diverse employee base.

The types of jobs tech workers seek depends a lot on their age.

The types of jobs tech workers seek depends a lot on their age.

Millennials are five times more likely to click on jobs with "developer" in the title, such as front-end developer, Android developer, web developer, or Java developer.

By contrast, Boomers are more likely to click on job listings for engineering positions and managerial roles.

Many tech workers are stressed about losing their jobs due to age.

Many tech workers are stressed about losing their jobs due to age.

Some 43% of Indeed survey respondents said they worried about losing their job because of their age. And 18% said they worry about that possibility "all the time."

Older tech workers are more likely to look for jobs outside of Silicon Valley.

Older tech workers are more likely to look for jobs outside of Silicon Valley.

San Jose and San Francisco are the top two places tech workers of all ages seek to work. But Baby Boomers are much more likely than younger workers to look elsewhere for employment opportunities, Indeed found. And Boomers are more likely to seek employment in places younger workers shun.

For example, Huntsville, Alabama, ranked third on Boomer techies' list of most desired places to work in Indeed's study. Raleigh and Durham, North Carolina, ranked seventh and ninth, respectively. None of those cities made the top 10 list for either Millennial or Gen X tech workers.

Meanwhile, for younger tech workers, Austin, Texas, ranked number four after Seattle, but it didn't make the Boomers' list at all.

Employees generally aren't worried about the paucity of older co-workers.

Employees generally aren't worried about the paucity of older co-workers.

Only a fifth of survey respondents think the Baby Boomer generation is underrepresented at their company.

Survey respondents said they mostly work with younger workers.

Survey respondents said they mostly work with younger workers.

Only 26% of respondents to Indeed's survey said that the average employee at their firm was over 40.

That's not surprising given findings of other studies. According to data from 2014 collected by PayScale, a salary analysis company, the median age at Facebook is 28, and 30 at Google.

By contrast, the median age of members of the American labor force as a whole is 41.9, according to US Bureau of Labor Statistics.


Source: Business Insider India