Many employers view the old employers especially the baby boomers as too rigid, failing health, lack of enthusiasm, afraid of new technologies, do not want to learn new training (stuck in old ways), and expensive to keep. Many aged people are viewing job advertisements with pictures of younger employees. In addition, the aged are facing high cost of medical insurance and healthcare. With the obstacles in the job market, the aged could possibly experience social isolationism, low self-esteem, and financial hardship.
Medicare is not the only benefit seniors receive from their government. Taxes can be greatly affected by age. For instance, many elderly receive tax breaks and extensions based on their social security benefits as well as reductions and tax-cuts on certain holdings and investments. So with Roth IRAs, 401k the elderly is only taxed upon withdrawal. Discounts are available everywhere for the elderly from restaurants to cruise ships. Normally, with higher prices bring bigger discounts. Ageing workers are more skilled, knowledgeable, and more proficient than their younger counterparts. Often times it can be said that the “older people” are more intelligent, practical, intuitive, extremely flexible and very strategic in their work ethic, planning and can be considered “intelligent” in life’s well learned lessons that come with age and wisdom. Being positive and using an example in this way between aging and greater wisdom, one tends to have a greater degree of patience, greater understanding and wisdom that parallels life’s pathway. “Many elders in foreign countries are considered to be esteemed and held in high regard,” (Applebaum, Bardo, Robbins (2103). Some studies show that interests, motivation and skill does not decline with age, nor does a person’s work performance suffer due to aging. Aging workers also receive higher salaries due to their tenure. Finally, there is no data to show that older workers cost more to insure than younger
With longer life spans and a decrease in birth rates, older generations are working longer (age diversity). Age diversity is the acceptance of all age groups and their differences within an organization. Besides providing years of experience to younger generations, older employees can also increase organizational value (age diversity). In regards to Target, there are many older employees working, some due to the recessions and lost their higher paying jobs and could only get minimum wage jobs, since they were the only job openings. Bringing their experiences to the corporate culture allow for the ability to avoid certain
Age discrimination in the workforce is a major issue in Today’s society. Although this is hardly ever mentioned, it is a concern that affects the aging population and their work performance. Those who are of old age are often not given a chance and looked down on. They are thought of as being mentally and physically in decline, less adaptable, unwilling to be trained, and costly to the organization. The elderly are considered “slow workers.” They are often forced to work extra hard to prove to their employer, they are capable of working as effective as the young. Defining someone’s work performance according to their age is against the law. The Age Discrimination in Employment Act (ADEA) addresses discrimination against the older population. This Act was passed by congress to ensure people of age 40 and older are given fair judgment in the workforce; however, the maturing population of baby boomers has led to an increasing number of elderly workers. This has cause age discrimination to rise. It is important that we review and analyze age discrimination has a political issues that must be changed. Although ADEA sets out to help the aging population, changes should be made within the employer. In order to seek change, one must first understand ADEA and how it promotes fair treatment for the elderly.
According to an article provided by Net Industries (2011), “Studies consistently demonstrate that there is no correlation between age and job performance, despite the common stereotype that productivity declines with age. Indeed, research reveals that some intellectual functions may even improve with age” (p. 62). Often older adults are treated as children by society making assumptions of their abilities and mental functioning.
Many studies have shown a positive link between work and well-being. Research concludes unemployed individuals show lower levels of well-being, reduction in happiness, lower income, and often destroyed self-respect and social relationships (Layard, 2004.) The older person’s importance of having employment is correlated with many aspects of their health and social relationships. It was estimated that in 2011, one out of six Canadians was an older worker, which was much higher from a decade earlier (Government of Canada, 2012). Currently, access to jobs is often limited do to mentioned ageist stereotypes. Often than not, older workers are perceived as having diminished mental and physical competence, resistant to change, unproductive, slow, difficult
There are a host of issues that surround age and ability in the workplace, but examining a few could give a glimpse in the magnitude of the challenge. First, Age, how does it affect a company’s ability to manage long term. Secondly, Ability to perform the assigned task continually.
Some negative examples of how people in the workforce perceive older adults in the workforce are that older workers produce lower quality work, inflexible, less productive and are resistant to change. Some employers believe older adult workers skills are dated or do not have the required set of competence needed. Giving training and continuing education opportunities as well as companies adapting these courses to those with less experience technically will help with ensuring that older adults continue to feel like a vital part of the business and keep working until they decide to
Age discrimination has long been present in society due to the rapid development happening around us. According to Farney, Aday & Breault (2006), this era of ageism is defined as "discrimination against any age group", but it often is pointed to age discrimination among adults which is slowly causing a negative effect for them in the workplace. In the workplace, adults with more experience and longer history behind them are targets of this ageism belief that companies and employers tend to have (Farney, Aday, & Breault, 2006). They are shunned and even fired in favor of accepting new and fresh faces for the company they have worked for. Unknown to most companies and employers, this notion of favoring the young and banishing the old can
Over the last few years there has been a growing concern over ageism in America’s places of business, not only through job advertisement, but also during the hiring process, among current employees, and even issues during the end of a person’s career. While there are many types of discrimination in the workplace, all of which are illegal, ageism is prevalent at every stage of a person’s career and can impact not only the employee or potential employee, but the whole company as wellcompany as a whole. Individuals who are over the age of sixty-five make up a large percent of the workforce, and many are dedicated to their employers, it’s when the employer believes that they can hire someone who is much young to do the work that ageism begins to play a role in their career. It isn’t till they companies see that it may take three younger employees to complete the task that of a senior employee.
I was born during the baby boomer era, and it is for this reason that I focus on the position of people aged 55 and over in the market today. People my age have been hit with the socio-economic and financial crisis, which contributed unemployment and long term unemployment. And unfortunately this is a primarily problem, I do not want to become one of the unemployed elderly because that I am not the right fit because of my age. There are a number of stereotypes that profess a key obstacle to employment of persons aged 55 and over. These stereotypes suggest that older workers: are not as interested in learning new skills, are not physically energetic and mentally ready to respond to the stresses of their jobs, and time would be a wasted in training
Aging! We all do it every day, but have you ever thought how it is going to affect the rest of your life or more importantly your career? Aging isn’t something that we get to choose if we participate in, however working is, and aging may affect that choice. Right now, I want you to think about the age of sixty-five. What words pop into your head when you think of someone sixty-five? I’d imagine some of the words you thought of were retired, old, fragile, slow, as well as many others. Those words right there all help to explain the many concerns that one’s employer may have when hiring someone that is of the older population. When we think of the older population in the work force we don’t necessarily think of positive things, instead we think of things. When we think of this population in the workforce we generally think of lower production rates and higher costs. These can create issues among the older population, as employers must consider all the possibilities when hiring someone. We know that more people in the older population are continuing to try to continue their careers, but why? How hard is it for them to continue? What changes have made it easier? How are the younger and middle aged populations perceiving them in the work place? This are only some of the many question surrounding the increase of aged workers.
Aging population can be used as an advantage to increase economic rates growth by keeping them employed as long as possible (Nankervis et al. 2006, p.55). People who are working in a knowledge fields may increase their performance with age, however for more physical positions there is an opposite possibility of low performance with increasing age (Patrickson & Ranzijn, 2006). Consequently, specific jobs may have lack of professional employees. For example by separating workers and using older workers as experience type that can teach and train young employees, as well as use their knowledge will benefit organization in different departments. Also by using younger workers as routine workers or in more physical positions that are hard to perform for older employees will give them opportunity to earn more experience and will keep older employees working as well (Patrickson & Ranzijn, 2006). It is necessary for human resources to distribute their workforce accordingly and to provide required training for their young and old employees.
The hardest situation most companies face, is finding valuable employees to invest company time and assets into. Companies want individuals that can grow, learn, and be valuable to their particular company. With the pool of applicants changing, companies must learn to handle their knowledge management within the business structure. “Clearly one compelling reason for optimizing the knowledge, skills, and abilities of older workers is the projected growth rate in the country and the workplace” (Odums, 2006, p. 4). While the baby boomer’s generation is retiring, companies need to use them as their assets and teach the younger generation valuable skills. By teaching the
The skills of an aging workforce can be useful if a policy is implemented so that a select group of especially skilled senior or retired workers is assigned to train employees for leadership positions. This training will provide the right skills that younger employees lack and develop positive working relations with senior staff in the organization. As a result, older workers will not feel compelled to retire early or leave their jobs because of poor working relationships or unsatisfactory working conditions. Those who have already retired will still remain active while using their expertise to maintain the status quo. Additionally, younger employees will be prepared to handle management positions as they become