This website uses cookies to ensure you have the best experience. Learn more

Aging Population In Modern Workforce Essay

949 words - 4 pages

Aging Population in Modern Workforce
Southern New Hampshire University
September 13, 2014

Abstract
This paper refers to the changes current workforce relationships have to go through, due to the constant aging of their employees and population in general. I will discuss the changes that are most likely to occur, how the aging of the workforce affects managers and companies, what policies eliminate age discrimination, the importance of diversity in workforce, and what actions companies can take into consideration in order to maintain a well-balanced, diverse and satisfied workforce.

Aging Population in Modern Workforce

Changes in Workforce: Yesterday, Today and Tomorrow
Companies ...view middle of the document...

Therefore, workers would have to start paying taxes to support the older population.
2. Job training might be different and longer than regular training.
3. Job accommodations will need to meet the standards for a senior worker.
What Should Managers do to Overcome Age Diversity?
First of all, employers need to respect the norms against discriminations established by the U.S. Equal Employment Opportunity Commission., The Age Discrimination in Employment Act of 1967 (ADEA). This act makes it illegal to discriminate against a person because of their age if he or she is 40 years old or older (U.S. EEOC, n.d).
* Flexibility is one of the key to growth. Flexible workforce are more open to new ideas, new procedures and to learning new skills. It is important that the managers make training available to all the employees, despite of their age, race or culture.
* They need to be aware that people have different ways to learn and they should implement the right methods.
* Managers should conduct regular audits to understand the different skills his or her workforce count with.

Benefits of Having a Diverse Workforce
In contrary with what people believe, research has shown that companies who have a diverse-age workforce are more successful. Here are some examples (Age Positive.gov, n.d):
* Spend less money training new employees because they have less workers resigning.

* Older employees are proved to have a higher morale.

* Because older employees are committed to their jobs, the company experiences less short term absences.

* Higher productivity due to higher sense of responsibility.

* A better public image.

* Older employees have many experience in the labor, therefore a company who has older employees count with a more skilled and experienced workforce.

* Due to its overall good management of the company, it counts with a better public image.

My Experience

In the company I worked for three years, there weren’t many...

Other assignments on Aging Population In Modern Workforce

Starbuck Diversity Essay

4459 words - 18 pages Managing Diverse Employee at Starbucks: Focusing on the ethic and Inclusion Abstract Workforce diversity is a reality of the modern times for every organization and managing it effectively can lead to a sustainable competitive advantage. The purpose of this paper is to discuss how managers lead diverse employees in a global environment and what makes this company so unique. Effective management of diversity is not only employing diverse

Hbo- Chapter 2 Essay

846 words - 4 pages suggest that there aren’t visible differences in the human population that can be grouped into categories. “Ethnicity” is a more acceptable term than “race” in many parts of the world and it may be helpful in encouraging us to look beyond physical variation to consider diversity in heritage, culture, language, experiences, etc. Age-affects diversity, that is, it is the ability to accept all different types of ages within a business environment. Companies have to adjust to an aging population in various ways. Physical and mental abilities- can change over time due to choices we make to be active or not.

The Fast Food Industry

5324 words - 22 pages industry: Demographic is most easily to indicate elements of the general environment. With the development of society, aging population becomes more and more serious.(8) Aging population has an impact on fast food industry. Fast food is the term given to food that can be prepared and served very quickly. (9) Some times Fast food is more suitable for young people or business people. In China, there is less aging people eat fast food. The reason why

Asdf

755 words - 4 pages Our clients are mainly interested in finding an optimal apportionment of service offered in the orthopedic department among its two main constituents, Faulkner and BWH, in way to minimize costs and maximizing revenue (insurance reimbursement). Indeed, in current market, medical needs are growing, the population is aging, lives longer, requires more care, additional medical advances in research and technologies allow more treatments. At the

Term Paper

1548 words - 7 pages other. In other words, higher rates of educational attainment should correspond with lower unemployment rates for those persons. FEMALE – This independent variable represents the percentage of females that make up the population by state.Knowing the percentage of females who make up each state’s population, particularly when coupled with how many females there are in the workforce, helps determine how many females there are available to

Workplace Diversity

1244 words - 5 pages -sponsored benefit programs, the increase of workers in this age group does not show signs of slowing down. An aging workforce presents challenges and opportunities for organizations. While some of these challenges are unique to the demographic, many are similar to the challenges and opportunities of managing other “surface-level diversity,” which includes race, gender, culture, and disability (Robbins & Judge, 2015). By effectively

The Balance Between Population And Resources

391 words - 2 pages -An ageing population pyramid has narrow base showing low birth rate, a bulge in the above 65 age group showing an ageing population and a wide apex showing large amounts of people living longer. This a representation of a stage 5 population pyramid. -An ageing population pyramid has narrow base showing low birth rate, a bulge in the above 65 age group showing an ageing population and a wide apex showing large amounts of people living longer

Mayo Clinic Case

7125 words - 29 pages continue to take advantage of the current period of relative financial stability to make capital investments (Wooten & Decker, 2006). Demand for Service Mayo is faced with the likely prospect of an increase in demand for service given the aging population of the U.S. There may even be a shortage of physicians. This is a concern for many administrators. The Association of American Medical Colleges underscored this problem in 2006 when it compiled

Demographic Transitional Theory

3546 words - 15 pages of how to use them. The resulting changes in the age structure of the population include a reduction in the youth dependency ratio and eventually population aging. The population structure becomes less triangular and more like an elongated balloon. During the period between the decline in youth dependency and rise in old age dependency there is a demographic window of opportunity that can potentially produce economic growth through an increase in

Elderly Lesbians And Breast Cancer

1897 words - 8 pages Running Head: ELDERLY LESBIANS AND BREAST CANCER 1 Elderly Lesbians and Breast Cancer California State University, Dominguez Hills School of Nursing MSN 533-08 Theoretical Aspects of Aging Running Head: ELDERLY LESBIANS AND BREAST CANCER 2 Elderly Lesbians and Breast Cancer Cancer health disparities have been documented in specific populations in the United States. Elderly lesbians are one such population, with factors related to

Bringing Western Culture To South Korea Via Nursing Home, Plastic Surgery, Clothing And Makeup

9631 words - 39 pages freedom of speech to compromised information issues (OSAC, 2014). I go over a risk assessment where I highlight the strengths and weaknesses of a potential business venture in South Korea. It is fair to say that after my research I have concluded that South Korea is a safe, low-crime country (OSAC, 2014). The roads are safe (OSAC, 2014), and the medical care is up-to-date (OSAC, 2014). The aging population demands a translucent solution, which

Similar Documents

Access To Quality Healthcare Paper

1746 words - 7 pages will stay an important component that can affect as well the access to quality care. Socio – demographic changes linked with chronic illnesses can have an effect on the aging population, which may reduce the quality of life, increase costs for healthcare and rise resource allocation. In point of fact, both labor shortage and socio – demographic changes are exactingly dominant in the admittance to quality care in the

Why Medical Care For The Aging Needs Reforming

767 words - 4 pages million. One of the reasons this population of Americans is expected to live longer, is because of the continuing advances in medical technologies.The aging population will require different levels of health care at different intervals, to avoid their health continually going downhill, resulting in admission into a long-term care facility. The years 1998-1999 marked a fractured health care financal system. In addition, during this time, Medicare

Aging Population Essay

1348 words - 6 pages older now exceed 35 million, a number poised to explode. January 2011 ushered in the first of approximately 77 million Baby Boomers, born from 1946 through 1964 and are surging toward the gates of retirement (transgenerational). This growth will steadily increase and the population must be prepared to accommodate the aging population. According to the Bureau of Vital Statistics the aging population is the fastest growing population and will

Economic Issues Simulation Paper

1485 words - 6 pages medical care to an older population. Economic Impact of Providing Medical Care to an Aging Population The world’s population is continuing to age, and the older people are the more likely he or she to seek medical care. The larger proportion of the hospital in-patient case load is represented by the older population. The older population has more complications and doctors have to perform more tests and