The Silicon Valley Organization is proud to announce that in partnership with PayPal, AARP, the City of San Jose‚Äôs Age-Friendly Advisory Council, the SVO Foundation and the Silicon Valley Leadership Group, it is hosting a panel this month to discuss the diverse workforce of the future.
‚ÄúIn Silicon Valley, disruption has been the strategy successfully used to change the way we do business,‚Äù said Matt Mahood, President and CEO of The Silicon Valley Organization. ‚ÄúNow, we are beginning to look at how to apply this strategy to our aging workforce. We are excited to partner with such a diverse set of members and community organizations that are already working in this space. It is our goal for this panel to not only share best practices and insights with the greater Silicon Valley business community, but also highlight the benefits of having a diverse workforce that includes employees across the age and experience spectrum.‚Äù
According to recent U.S. census numbers, an increasingly large percentage of the population of Silicon Valley is already over 60 years old. Unemployment is at a record low and, according to The Public Policy Institute of California, predictions are that our workforce will not be able to meet the needs of companies within 10 years.
Programs such as the SVO Foundation‚Äôs Strive San Jose are working to expand the workforce pipeline for entry-level positions. Companies should also understand several distinct advantages of retaining mature employees and recruiting employees over the age of 50 who bring to the table significant life experience, maturity, loyalty and reduced work/family balance needs.
‚ÄúAccording to a recent AARP survey, 68% of respondents plan to work beyond the age of 65, either because they want to or because they have to due to the rise in cost of living,‚Äù said Sophie Horiuchi-Forrester, AARP San Jose Metro Manager. ‚ÄúTo address the increase of experienced workers, AARP launched an online job board targeted at older job seekers, matching them with employers that have signed a pledge to have a multigenerational workforce. The program, known as AARP‚Äôs Employer Pledge Program (EPP), features over 460 organizations across the country that have publically committed to embracing an age-diverse workforce. It is important that organizations, especially in Silicon Valley, recognize the value of experienced workers and reimagine their workforce.‚Äù
This panel discussion is part of the SVO Foundation‚Äôs Age Advantage program.