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Old 01-09-2020, 12:41 PM
CowboyGuy CowboyGuy is offline
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Default Why would a company keep an individual contributor above the age of 50?

Sorry if this question has been asked before. Please feel free to direct me to the relevant thread.

Honestly why would a company pay someone so high for doing something that a young person could do for much, much cheaper? I'm specifically asking for actuarial.
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Old 01-09-2020, 12:47 PM
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Because, the young person can't do what the experienced person can, despite thinking so.
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Old 01-09-2020, 12:50 PM
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Sorry if this question has been asked before. Please feel free to direct me to the relevant thread.

Honestly why would a company pay someone so high for doing something that a young person could do for much, much cheaper? I'm specifically asking for actuarial.
Off the top of my head?

1. Because age discrimination isn't a game you want to play.

2. Because people with long careers bring a lot more to the table than simply the ability to press buttons. Things that can't be taught to a new hire.

3. There aren't management jobs for everyone, and certainly not everyone ought to be in management. There is value to be added at the individual contributor level at any tenure.
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Old 01-09-2020, 12:50 PM
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Because, the young person can't do what the experienced person can, despite thinking so.
Ok, Boomer
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Old 01-09-2020, 12:51 PM
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Off the top of my head?

1. Because age discrimination isn't a game you want to play.

2. Because people with long careers bring a lot more to the table than simply the ability to press buttons. Things that can't be taught to a new hire.

3. There aren't management jobs for everyone, and certainly not everyone ought to be in management. There is value to be added at the individual contributor level at any tenure.
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Old 01-09-2020, 12:52 PM
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Ok, Boomer
I was born in the 80s. Unless you mean I am a kangaroo.
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Old 01-09-2020, 12:53 PM
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Because, the young person can't do what the experienced person can, despite thinking so.
I see what you did there, switching old with experienced.

For a start, the young person can do programming, code macros and automate workbooks. The old person can't.
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Old 01-09-2020, 12:54 PM
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I was born in the 80s. Unless you mean I am a kangaroo.
He's implying you are a cylon
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Old 01-09-2020, 12:55 PM
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Honestly why would a company pay someone so high for doing something that a young person could do for much, much cheaper?
Quote:
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I see what you did there, switching old with experienced.
So, you are assuming this company is paying an inexperienced older person a lot of money?
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Old 01-09-2020, 12:55 PM
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Honestly why would a company pay someone so high for doing something that a young person could do for much, much cheaper? I'm specifically asking for actuarial.
Because despite what the commies will tell you, most corporations aren't evil and don't just go around firing people when they get old. Besides having to deal with a million age discrimination lawsuits, firing older employees would be really bad for departmental consistency and overall morale. My team as a ~60-year-old individual contributor whom everyone around here knows and loves, and if he were to be fired for no reason there would be a riot.
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