Why are young people old?

[Anonymous]

Who stays the same company that long? They may jump for a better deal because you’re progression may take too long, but more likely they’ll be laid off and they know that. Put it in a contract with fix timelines and money and you’ll see success.

[Anonymous]

They are right, you are wrong.

[Anonymous]

Anonymous wrote:Also class of 1993. These boomers have sucked Gen X dry on mid-level jobs for the past 10 years, promising management with even more hours, travel, etc. now for what, a $25,000 raise? We’re tired.

This is so true. Another mid-90s class GenXer here... I've been "on track" for high level management for years now, I'm done. I've accepted that the boomers may never retire, and will stay in the VP and c-jobs forever. Fine. But now I'm done playing the game. I actually really like my mid-level job I have right now, and I'm happy to stay in it for another 5-10 years and then bow out. I had a similar conversation to the one the OP had a few months ago. The head-boss was so "surprised" I wasn't interested in this mentoring program and extra training. "You know this job can be yours when I retire soon." No thanks. You've been saying that for ages. I'm going to do my job well, use some vacation time to volunteer at my kids' schools, spend time with my family, etc.

[Anonymous]

Anonymous wrote:OP - literally we got crap on succession planning from Board. But the issue is the people need to be qualified to do jobs.

That 2003 graduate took the cake. He is done having kids, his wife works part time frim home. He has an MBA luckily. So if I can just get him certified, get him to present at some all hands, let him present at a board meeting or two. I could get him a 200k-250k raise over next 7-10 years.

I also got feed back I need him to have a “better sense of urgency” which I can fix.

I literally told guy I had five people work for me I long time mentored and got their salary from 120k to 320k after putting in 7-12 years of good work. But last good worker I had was literally 2016.

There is literally two people on board in their 80s! No one is stepping up.
[i][u]
I left off this one. So that 2003 guy (he is funny) said why don’t you adopt me so I can get lotsa of cash like your wife and kids get. I thought he was joking but brought it up three times last week.

Jaimie Dimon and Bob Iger have same issue No one at Chase or Disney wants to work to be CEO. Heck look at Joe Biden.

That's the problem right there. NO one is stepping up because there are still 80 year olds on the board. Why in the universe aren't those people retired and enjoying the good life? That seems like some hell-scape nightmare to me.
If they would actually retire, people would absolutely step up to take their positions. But they don't. And they won't until they die.

[Anonymous]

Anonymous wrote:At work we are doing mid year reviews and I was told to focus on career goals, long term goals in an effort to improve retention of employees. Plus the board wants us to do succession planning. We need to pick who to groom for the senior mgt jobs. The young employees acted like they were old during mid year reviews For example.

Employee 1. Graduated 2003, two kids around 5 and 12 and wife. I brought up long term career goals and career path. For instance he is eligible sit CPA, I mentioned we would pay. Also discussed how I could get him 3-4 promotions over next 7-12 years, we could get him some board level presentations and set him up long term. He looked my square in eye and said that’s a lot of work and look I want to kick back and retire around 52. I then explained retirement age is going to be around 70 for him so you have 25-30 years left. He said I don’t plan on working that long.

On to women class of 1993. Same story I give. I get look I got two kids 12 and 10 grade my goal is to just get them through in state and in six years my husband gets a state pension we sell my greatly appreciated DC house and retire.

On to employee 3. This time class of 1995 single women never married I get her parents getting older. She has a dog, taking care of parents will inherit home so one promo at best maybe a raise or two she is done.

In same week I interview a person class of 2020 in big 4. I ask why do you want to leave big 4? I get well “at this point in my career” I want to leave big 4 get something stabile, no travel, more regular. Getting engaged soon and I have hobbies. OMG. Scaling back class of 2020.

We literally have a 65 year old CIO and a 64 year old COO.

I am retiring in 5 years. I want to give my job away. But even the class of 2020 already scaling back.

How did these young people get old so quick? Even Gen Z is talking retirement.

Why do you write like you are on speed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP - literally we got crap on succession planning from Board. But the issue is the people need to be qualified to do jobs.

That 2003 graduate took the cake. He is done having kids, his wife works part time frim home. He has an MBA luckily. So if I can just get him certified, get him to present at some all hands, let him present at a board meeting or two. I could get him a 200k-250k raise over next 7-10 years.

I also got feed back I need him to have a “better sense of urgency” which I can fix.

I literally told guy I had five people work for me I long time mentored and got their salary from 120k to 320k after putting in 7-12 years of good work. But last good worker I had was literally 2016.

There is literally two people on board in their 80s! No one is stepping up.
[i][u]
I left off this one. So that 2003 guy (he is funny) said why don’t you adopt me so I can get lotsa of cash like your wife and kids get. I thought he was joking but brought it up three times last week.

Jaimie Dimon and Bob Iger have same issue No one at Chase or Disney wants to work to be CEO. Heck look at Joe Biden.

That's the problem right there. NO one is stepping up because there are still 80 year olds on the board. Why in the universe aren't those people retired and enjoying the good life? That seems like some hell-scape nightmare to me.
If they would actually retire, people would absolutely step up to take their positions. But they don't. And they won't until they die.

Thissssss. Good god, just drop the rope already.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Also class of 1993. These boomers have sucked Gen X dry on mid-level jobs for the past 10 years, promising management with even more hours, travel, etc. now for what, a $25,000 raise? We’re tired.

This is so true. Another mid-90s class GenXer here... I've been "on track" for high level management for years now, I'm done. I've accepted that the boomers may never retire, and will stay in the VP and c-jobs forever. Fine. But now I'm done playing the game. I actually really like my mid-level job I have right now, and I'm happy to stay in it for another 5-10 years and then bow out. I had a similar conversation to the one the OP had a few months ago. The head-boss was so "surprised" I wasn't interested in this mentoring program and extra training. "You know this job can be yours when I retire soon." No thanks. You've been saying that for ages. I'm going to do my job well, use some vacation time to volunteer at my kids' schools, spend time with my family, etc.

100 with you. They are absolutely clueless.

[Anonymous]

Anonymous wrote:At work we are doing mid year reviews and I was told to focus on career goals, long term goals in an effort to improve retention of employees. Plus the board wants us to do succession planning. We need to pick who to groom for the senior mgt jobs. The young employees acted like they were old during mid year reviews For example.

Employee 1. Graduated 2003, two kids around 5 and 12 and wife. I brought up long term career goals and career path. For instance he is eligible sit CPA, I mentioned we would pay. Also discussed how I could get him 3-4 promotions over next 7-12 years, we could get him some board level presentations and set him up long term. He looked my square in eye and said that’s a lot of work and look I want to kick back and retire around 52. I then explained retirement age is going to be around 70 for him so you have 25-30 years left. He said I don’t plan on working that long.

On to women class of 1993. Same story I give. I get look I got two kids 12 and 10 grade my goal is to just get them through in state and in six years my husband gets a state pension we sell my greatly appreciated DC house and retire.

On to employee 3. This time class of 1995 single women never married I get her parents getting older. She has a dog, taking care of parents will inherit home so one promo at best maybe a raise or two she is done.

In same week I interview a person class of 2020 in big 4. I ask why do you want to leave big 4? I get well “at this point in my career” I want to leave big 4 get something stabile, no travel, more regular. Getting engaged soon and I have hobbies. OMG. Scaling back class of 2020.

We literally have a 65 year old CIO and a 64 year old COO.

I am retiring in 5 years. I want to give my job away. But even the class of 2020 already scaling back.

How did these young people get old so quick? Even Gen Z is talking retirement.

The only young person you have described here is the class of 2020 grad. The rest of these people are in their mid to late 40's. That's not old, but it sure isn't young. Sounds like they have made plans to achieve what they want to financially and work-wise. I can't believe you told a 40+ employee with 2 kids that he was going to have to plan to work until he's 70. That's really presumptuous and rude.

I also feel like you post a lot on this and similar issues.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP - literally we got crap on succession planning from Board. But the issue is the people need to be qualified to do jobs.

That 2003 graduate took the cake. He is done having kids, his wife works part time frim home. He has an MBA luckily. So if I can just get him certified, get him to present at some all hands, let him present at a board meeting or two. I could get him a 200k-250k raise over next 7-10 years.

I also got feed back I need him to have a “better sense of urgency” which I can fix.

I literally told guy I had five people work for me I long time mentored and got their salary from 120k to 320k after putting in 7-12 years of good work. But last good worker I had was literally 2016.

There is literally two people on board in their 80s! No one is stepping up.
[i][u]
I left off this one. So that 2003 guy (he is funny) said why don’t you adopt me so I can get lotsa of cash like your wife and kids get. I thought he was joking but brought it up three times last week.

Jaimie Dimon and Bob Iger have same issue No one at Chase or Disney wants to work to be CEO. Heck look at Joe Biden.

That's the problem right there. NO one is stepping up because there are still 80 year olds on the board. Why in the universe aren't those people retired and enjoying the good life? That seems like some hell-scape nightmare to me.
If they would actually retire, people would absolutely step up to take their positions. But they don't. And they won't until they die.

I actually look at 80 year olds still working and think they have done something majorly wrong with their lives.

[Anonymous]

Anonymous wrote:The info offered on how to advance came with suggestions for a lot of work (not just literally work but tasks like training, etc). At a certain point in mid career, we just want to work, not looking to prepare to impress for next big thing or promotion. Couple reasons, one, the next big thing or promotion doesn't exist or if it does it doesn't add value to our life or doesn't add significance $$$. Two, what you are offering benefits the company, which is fine, but the WIFM is missing.

+1 to this. You should have been grooming this guy for succession 5 years ago, not now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP - literally we got crap on succession planning from Board. But the issue is the people need to be qualified to do jobs.

That 2003 graduate took the cake. He is done having kids, his wife works part time frim home. He has an MBA luckily. So if I can just get him certified, get him to present at some all hands, let him present at a board meeting or two. I could get him a 200k-250k raise over next 7-10 years.

I also got feed back I need him to have a “better sense of urgency” which I can fix.

I literally told guy I had five people work for me I long time mentored and got their salary from 120k to 320k after putting in 7-12 years of good work. But last good worker I had was literally 2016.

There is literally two people on board in their 80s! No one is stepping up.
[i][u]
I left off this one. So that 2003 guy (he is funny) said why don’t you adopt me so I can get lotsa of cash like your wife and kids get. I thought he was joking but brought it up three times last week.

Jaimie Dimon and Bob Iger have same issue No one at Chase or Disney wants to work to be CEO. Heck look at Joe Biden.

That's the problem right there. NO one is stepping up because there are still 80 year olds on the board. Why in the universe aren't those people retired and enjoying the good life? That seems like some hell-scape nightmare to me.
If they would actually retire, people would absolutely step up to take their positions. But they don't. And they won't until they die.

I actually look at 80 year olds still working and think they have done something majorly wrong with their lives.

I know 2 people in their mid- to late 70s working and they are MISERABLE people.

[Anonymous]

Class of 2003 was 20 years ago. He’s 40+. If he wanted to sit for the cpa, he would have done it right after college.
Who wants to work until 70? We plan to retire
Around 55 to enjoy life. My dad was dead before 70.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Also class of 1993. These boomers have sucked Gen X dry on mid-level jobs for the past 10 years, promising management with even more hours, travel, etc. now for what, a $25,000 raise? We’re tired.

Gen X as well, and I agree. The Boomers make us jump through all the hoops and then MAYBE if you are lucky you get something at the end. We've been doing it all our careers and see the millenials and even Gen Zs with a different attitude and that they get away with it, and want to stop wasting our time.

Basically, it soundslike you are telling the guy to work his ass off & may be he'll get somewhere and maybe he'll make a bit more money. But maybe not.

Yup. My best friend worked for the same company for like 20 years. She was basically running her geographical office for half of that. She had the client relationships, she was doing all the work. A partnership buy-in had been dangled in front of her for years. She finally pressed really hard for details and realized that the company had never really done any planning for it. Main office management wouldn't put any specifics on the table. She left and started her own company. Took all of the clients in the region. Within three months her former company had a partnership offer in hand. She said no.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP - literally we got crap on succession planning from Board. But the issue is the people need to be qualified to do jobs.

That 2003 graduate took the cake. He is done having kids, his wife works part time frim home. He has an MBA luckily. So if I can just get him certified, get him to present at some all hands, let him present at a board meeting or two. I could get him a 200k-250k raise over next 7-10 years.

I also got feed back I need him to have a “better sense of urgency” which I can fix.

I literally told guy I had five people work for me I long time mentored and got their salary from 120k to 320k after putting in 7-12 years of good work. But last good worker I had was literally 2016.

There is literally two people on board in their 80s! No one is stepping up.
[i][u]
I left off this one. So that 2003 guy (he is funny) said why don’t you adopt me so I can get lotsa of cash like your wife and kids get. I thought he was joking but brought it up three times last week.

Jaimie Dimon and Bob Iger have same issue No one at Chase or Disney wants to work to be CEO. Heck look at Joe Biden.

That's the problem right there. NO one is stepping up because there are still 80 year olds on the board. Why in the universe aren't those people retired and enjoying the good life? That seems like some hell-scape nightmare to me.
If they would actually retire, people would absolutely step up to take their positions. But they don't. And they won't until they die.

I actually look at 80 year olds still working and think they have done something majorly wrong with their lives.

Bingo. It means they screwed up financially and can’t afford to retire, or they’re screwed up emotionally and can’t move on with life.

[Anonymous]

Boomers really really screwed the pooch here. And this is why my new supervisor is 15 years younger than the youngest employee she supervises.