Pub. 9 2014-2015 Issue 1

www.nebankers.org 22 Extraordinary Service for Extraordinary Members. Y OUNG PEOPLE HAVE ALWAYS SEEMED TO BE PLENTIFUL IN the workplace. Today, however, people live longer and often either cannot afford to retire, or are so valuable their employers persuade them to continue working. Many managers even find themselves trying to hire highly skilled retired people, because those who are best qualified for a job are in such short supply. Companies that lose experienced workers find the cost of finding, hiring, and training new employees is a steep one: it can add as much as 50 to 150 percent to an annual salary. As the Baby Boomer generation grows older, the workplace is getting more diverse with respect to age. Yes, there are still lots of young people, but not as many as there once were. And (circumstance permitting), some 80 percent of all Baby Boomers plan to work, part-time or full-time, during their retirement years. For the first time, a young employee born as recently as 1992 or later may be working right next to someone who is 70 years of age or older. Today, experts estimate that more than 30 percent of all employees are over the age of 50. Understanding the Players Employers right now may have employees from each of the following generations: • TheWorldWar II generation, or those born before 1946. It’s been 69 years since 1945, so most people in this gen- eration were just children when the war ended; despite that, however, the war was the central fact of their early years. They grew up with an age-based hierarchy, where age equaled responsibility and status. They were shaped by radio broadcasting. • The Baby Boom generation, from 1946 through 1964. This is the generation born after the end of World War II, which was a time of great promise and also great fear. These people grew up thinking about the Cold War and the possibility of nuclear destruction; they remember Richard Nixon as president, andWatergate as the major scandal of the day. Many of them remember watching Neil Armstrong as he first set foot on the moon. They were shaped by television. • Generation X, from 1965 to 1980. The oldest of these people probably don’t remember the end of Vietnam; the youngest ones missed the Carter years but probably remember President Reagan from their childhoods. Their Leading a Multigenerational Workforce • Banking & Finance • Municipal Law • Bankruptcy • Employment Law • Business & Commercial Law • Sanitary & Improvement Districts 2120 South 72nd Street, Suite 1200, Omaha, NE 68124 (P) 402.391.6777 (F) 402.390.9221 www.crokerlaw.com Croker,Huck,Kasher,DeWitt, Anderson & Gonderinger,L.L.C. AT T O R N E Y S AT L AW Providing quality legal services to businesses and individuals in such areas as: • Real Estate • Estate Planning • Probate • Taxation • Litigation • Tax Foreclosure