Can Enterprise 2.0 fix Social Security?
by Joe McKendrick
Of course Enterprise 2.0 by itself won’t fix the U.S. Social Security system, which is projected to run out of money by the year 2020, but follow my logic here.
The New York Times just ran a piece on the advantages of keeping people working past what is considered “traditional” retirement age. As the article relates, there’s a lot of value to society in keeping people on the job, in both generating more tax revenues and less strain on the Social Security and Medicare system:
“The emphatic conclusion of recent research into retirement policy and labor markets is that working another two or three years would have a surprisingly powerful impact on the retirement living standards of millions of boomers and on the economy. The economic gains, according to a report published this month by the McKinsey Global Institute, a research group, would include increased household savings, higher tax collections and a reduction of the fiscal strain on Social Security and Medicare; together, that would add an estimated $13 trillion to the economy by 2025, or about a year’s total output of goods and services today.”
But, surprise, surprise, the corporate world still hasn’t gotten the message, and still clings to outdated and counter-productive prejudices about hiring employees over 50. It’s the same old story we’ve been hearing for years. In the 1980s, when I was director of the Administrative Management Society and editor of its journal, Management World, we issued countless reports and articles on the advantages of hiring and retaining “older” workers. We also spoke quite a bit about the convergence of work and life, and why work should be an ongoing source of meaning, learning, and inspiration, versus something you try to escape from as you enter your sixth decade.
But did companies listen? Nooooo….
Let’s look at what Enterprise 2.0 and Web 2.0 could mean to the relationship between enterprises and individuals. That is, the workplace is quickly evolving from a structured show-your-face 9-to-5 cellblock to more of an open, participate community, linked by common interests and interlocking skills. These communities are global in nature, stretching well beyond corporate cubicle environments to home offices, remote locations, and anywhere anyone is using a mobile, connected device.
The corporation is evolving into a confederation on entrepreneurs. Work and insights are delivered through Web-based communities and ad-hoc teams pulled together for specific purposes.
Now, keep following my thinking here. What difference does it make that the individual at the other end of an electronic interchange is 18 or 80? You don’t know, and it doesn’t matter. For that matter, these electronic workplace communities are oblivious to race, ethnicity, gender, and nationality (assuming you can interact in the same language). There’s opportunity for everyone with the right skills, unencumbered by biases and archaic thinking.
And companies shouldn’t fret too much about the ability of more senior workers to learn and use computer technology. As the New York Times article reports, one 64-year-old administrative assistant at S.C. Johnson kept updating her skills in budgeting, financial planning and project management programs to the point where she is a highly valued project manager. She recently designed an emergency planning Website for the company. She wants to retire in a couple of years, but her boss wants her to stick around until she’s 70.
One of the beauties of Enterprise and Web 2.0 is that these technologies break down the barriers that closed many skilled and talented individuals out of the system.
















