If your earlier version of MySQL does not support generated columns, then you'll have to compute that column at the time you query. One option would be a view:
CREATE VIEW yourView AS (
SELECT *, COALESCE(CONCAT(employee_name, '^')) AS employee_name_generator
FROM employee
)
MySQL does not support materialized views (directly). So, if you really needed the behavior of a materialized view, you would have to do something like create a temporary table using the select logic in the view I gave above.
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