Aging Workforce
The workforce in America is rapidly aging. This rapidly aging workforce creates challengers for organizations that must manage an aging workforce. The purpose of this discussion is to explore the challenges of managing an aging workforce within any given organization. This topic is of particular interest because many older baby boomers are retiring while other are choosing to work well passed the retirement age and managers must devise ways to manage such a workforce.
Employers must understand the challenges that may arise, as an aging workforce becomes part of the fabric of the organization. If employers do not attempt to understand and implement solutions for managing an aging workforce their organizations will suffer greatly. Let us begin our discussion be explaining why the aging workforce is such an issue in the current workforce.
Description of the organization and problem
The organization that we will focus on during the course of this discussion is the federal government. According to an article entitled "An Aging Workforce: A Time of Opportunity or a Time of Calamity" between the years 2001 and 2006 one out of every five employees will retire (Tobias 2001). These retirements will create a huge disparity within the federal government and will bring into question how an aging workforce should be managed. As we all know, changes in technology and communications have created varying skill sets amongst the generations. For instance, many baby boomers came into the workforce when mainframe computers were the newest technology. On the other hand, today's generation is configuring wireless networks that can be accessed anywhere at any time.
On the other hand, the aging segment of the workforce also has valuable work experience that cannot easily be replaced. They also possess managerial and leadership skills that the younger generation has not yet acquired. For this reason, many employers both federal and private have been attempting to keep and recruit retired persons or those close to retirement.
The golf that exists between the two generations will cause managers to seek out ways to aid these generations as they work together. Many in the younger generation need the mentorship that the older more experienced generation can provide. On the other end of the spectrum, the younger generation may play an active role in training the aging workers in the newer technologies. In any case, managers must pay close attention to the management of the aging workforce in the future.
Definitional Framework
During the course of this discussion, certain words may present themselves on more than one occasion. For instance, the words baby boomer will appear quite often as it refers to the aging members of the American workforce. The word baby boomer refers to those individuals that were born between the years of 1945 and 1965. Baby boomers are the generation that is aging rapidly and having a profound impact upon the workforce in both the public and private sector.
Another word that will occur frequently throughout this discussion is management. For the purposes of this discussion management refers to the process by which organizations handle employees, facilitate change in an organization and meet the overall goals of the organization. More specifically the discussion will focus on how management is facilitated in the midst of an aging workforce.
The final word that needs to be defined is workforce. Workforce is defined as those individuals that are gainfully employed either on a part time or full time basis. For the purposes of this discussion the term workforce does not apply to those individuals that are self-employed or do not have permanent employment.
Management of aging Workforce (Discussion and Approaches)
According to an article found in the Journal, Public Personnel Management explains that the exodus of baby boomers from the workforce will have a noticeable impact by the year 2010 (Doverspike et al. 2000). In addition, the number of skilled laborers will decrease dramatically.
The article also asserts that few companies are actively recruiting older workers. The authors contend,
Companies are increasingly interested in retaining or rehiring older workers as a means to anticipate or compensate for labor shortages. The decision to rehire and recruit Older Baby Boomers should be based in part on an understanding of the characteristics of this group. Boomers are more educated than any previous cohort, have accumulated a great deal of wealth, and are healthier than previous generations. The positive levels of health are likely to encourage workers who are given proper incentives to stay in the workforce or return to the workforce, as healthy individuals are more likely to delay retirement as compared to those who are in poor...
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now