Aging Workforce Challenges

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Aging Workforce Challenges Stacy P Durham Southern New Hampshire University Abstract There seems to be many key issues that come along with an aging workforce. Not only do companies and management have to worry about losing qualified workers as they come into retirement age, they are finding out that the pool of qualified workers is getting smaller. Also, many of the retirement eligible workers are staying in the workforce. Management is forced to look at this aging population in a multitude of ways to figure out how to keep their own productivity and profitability on track. I will look at different thoughts about the aging workforce and how management can cope with the changing landscape. Keywords: aging workforce…show more content…
A-1). With many industries becoming high tech versus manually automated, companies and managers are having to train employees for these changes. Managers are having to incorporate different styles to facilitate these trainings while understanding the differences in both of these groups. Managers have to deal with age discrimination within their teams as well. There could be very polar thoughts between different generations working within a team framework. The older generation has tenure, and with that comes higher pay and generally more benefits (Robbins, S.P. & Judge, T.A., 2013, p. 45). The younger generations want the same benefits and believe they are entitled to them even though they have not “put in their time”. This could be a negative in psyche with the younger workers and build walls between the team which in turn could decrease overall productivity. Managers will have to increasingly learn to incorporate tactics for knowledge transition from older workers to younger ones. They also have to try to create an environment where every person knows exactly what and how to perform their specific job role while working across boundaries to communicate, interact and offer cohesion. It is the team cohesion that is extremely important in the aspect of each member having a sense of belonging or feeling important within a group. Incorporating age diversity will allow the goals of the team to be met and exceeded and create a good working
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