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Understanding and Managing the Value of Experience.

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Title: Understanding and Managing the Value of Experience.
Authors: Guzzo, Richard A., Nalbantian, Haig R.
Source: Generations. Summer2026, Vol. 50 Issue 2, p1-9. 9p.
Subjects: Employees, Occupational achievement, Employment of older people, Retirement, Work environment, Employee assistance programs, Work experience (Employment), Age distribution, Professions, Business, Organizational effectiveness, Flextime, Part-time employment, Aging, Ability, Labor demand, Employee reviews, Industrial relations, Time, Labor supply
Abstract: With age comes experience. This article focuses on two types of experience that older workers embody, general and firm-specific. General experience accumulates through time in the workforce across all employers while firm-specific experience accumulates through time spent with the current employer. If employers could know the value of each type to them, they could tune management practices affecting older workers to capture that value, but most employers lack the ability to discern the value of each type. The article provides straightforward diagnostic questions that any employer can use to assess the value of experience and set practices accordingly. [ABSTRACT FROM AUTHOR]
Copyright of Generations is the property of American Society on Aging and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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  Data: Understanding and Managing the Value of Experience.
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  Data: <searchLink fieldCode="DE" term="%22Employees%22">Employees</searchLink><br /><searchLink fieldCode="DE" term="%22Occupational+achievement%22">Occupational achievement</searchLink><br /><searchLink fieldCode="DE" term="%22Employment+of+older+people%22">Employment of older people</searchLink><br /><searchLink fieldCode="DE" term="%22Retirement%22">Retirement</searchLink><br /><searchLink fieldCode="DE" term="%22Work+environment%22">Work environment</searchLink><br /><searchLink fieldCode="DE" term="%22Employee+assistance+programs%22">Employee assistance programs</searchLink><br /><searchLink fieldCode="DE" term="%22Work+experience+%28Employment%29%22">Work experience (Employment)</searchLink><br /><searchLink fieldCode="DE" term="%22Age+distribution%22">Age distribution</searchLink><br /><searchLink fieldCode="DE" term="%22Professions%22">Professions</searchLink><br /><searchLink fieldCode="DE" term="%22Business%22">Business</searchLink><br /><searchLink fieldCode="DE" term="%22Organizational+effectiveness%22">Organizational effectiveness</searchLink><br /><searchLink fieldCode="DE" term="%22Flextime%22">Flextime</searchLink><br /><searchLink fieldCode="DE" term="%22Part-time+employment%22">Part-time employment</searchLink><br /><searchLink fieldCode="DE" term="%22Aging%22">Aging</searchLink><br /><searchLink fieldCode="DE" term="%22Ability%22">Ability</searchLink><br /><searchLink fieldCode="DE" term="%22Labor+demand%22">Labor demand</searchLink><br /><searchLink fieldCode="DE" term="%22Employee+reviews%22">Employee reviews</searchLink><br /><searchLink fieldCode="DE" term="%22Industrial+relations%22">Industrial relations</searchLink><br /><searchLink fieldCode="DE" term="%22Time%22">Time</searchLink><br /><searchLink fieldCode="DE" term="%22Labor+supply%22">Labor supply</searchLink>
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  Data: With age comes experience. This article focuses on two types of experience that older workers embody, general and firm-specific. General experience accumulates through time in the workforce across all employers while firm-specific experience accumulates through time spent with the current employer. If employers could know the value of each type to them, they could tune management practices affecting older workers to capture that value, but most employers lack the ability to discern the value of each type. The article provides straightforward diagnostic questions that any employer can use to assess the value of experience and set practices accordingly. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Generations is the property of American Society on Aging and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=pbh&AN=195191022
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      – SubjectFull: Employees
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      – SubjectFull: Occupational achievement
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      – SubjectFull: Employment of older people
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      – SubjectFull: Organizational effectiveness
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      – TitleFull: Understanding and Managing the Value of Experience.
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              Text: Summer2026
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