Fast fact: We're one of the world's largest and most respected investment companies. Our remarkable history includes launching the first index mutual fund. Our long-tenured leaders oversee about 15,000 crew members in 16 locations worldwide.
Vanguard routinely places targets on older workers with more seniority. This is standard practice across business areas and has been commonplace with VGI for many years. They are most definitely NOT an "age friendly employer".
New management,< 8 yrs service, tend to favor their cronies and employees in the same tenure. Assignments, vacation granting all reflect the 'changing of the guard'.
So true been going on for over 10 years. Those that built the company are forced out.
Older employees are 'forced out' my the new guard management. With growth the crew has grown over 30%. New management, < 10 years, resent tenured employees. This is apparent by assignments, changes to the bonus structure, vacation policy and forced retirements.
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After reading the comments by those who express their perspective of age related discriminating practices by more than a few employers, I felt very concerned for older workers that need/desire employment. I wonder if these employers understand that it is not just the revenue from young adults that keep them in business. I wonder how they would survive if the older generation would stop supporting their businesses. I also wonder if these employers understand the principle of sowing and reaping? I am grateful to your agency for providing the results of your survey and your commitment to provide older workers with reliable job leads.
-- Marie Moore, AARP