Friday, February 22, 2019
Impact of Baby Boomers on Todayââ¬â¢s Workforce
Baby pinpointers argon those born among 1945 to 1964, the boom of the US nation. Data from the Department of Labor BLS, in 1998 indicate that thither were 77 million tiddler boomers and this represented 37% of the countrys population. As of 2008, baby boomers make up 40% of US workforce. This helping is expected to increase dramatically in the next decade and baby boomers will make up majority of the employees in many companies. (Department of Labor, 2008)Companies are now at a dilemma on the effects of this population boom of older workers. Human Resource Departments are torn between decisions to retain or terminate their services. At one hand, older workers fall in the experiences and technical expertise many are valued employees. Retiring or terminating them may mean significant loss to many companies. On the opposite hand, many older employees constitute not kept pace with neo technologies their skills have become obsolete.Older employees also are more pricey considerin g higher salary rates, pension and other benefits. An article from ABC by John Strossel and Frank Mastropolo, Fired for Being Too Old cheating(prenominal) or Good for Business? (2008) presented various age discrepancy cases filed against companies. worry many, disc jockeys of 99. 7 KY Max Floyd and Tanna Guthrie were fired from work and without any warning. though they were told that the company was changing formats, they knew that they were fired for being too old and they mat up hurt and betrayed. Why couldnt they keep us? Weve been there, been loyal with the company, and they didnt change the harmony a lot (Strossel & Mastropolo, 2008, p. 1). They sought protection of the law for age discrimination and filed million-dollar lawsuit against the company. Sympathy may be given to baby boomers that land up up being replaced with young, fresh talents. But in the competitive industry, businesses have to survive and be able to replace their aging employees when needed.
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