Preview

Aging Workforce Outline

Better Essays
Open Document
Open Document
777 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Aging Workforce Outline
Outline Goals and Objectives

I. Who is the aging workforce?

II. Identify the effects an aging workforce will have on business growth and productivity.

III. Illustrate how an aging workforce and management can use available technology to retain its aging workforce.

IV. What are other businesses doing to keep older employees from retiring?

I. Who is the aging workforce?

a. Baby Boomers

* Baby Boomers Defined: "The 76 million Americans born between 1946 and 1964." (Mosner, Spiezle, & Emerman, 2003, p. 1)

"The makeup of the labor force has slowly changed over the past 50 years, and significant changes are coming. This demographic shift has been exacerbated by the trend of early retirement of the baby boom generation." (Lockwood, 2003, p. …show more content…
Illustrate how an aging workforce and management can use available technology to retain its aging workforce.

It is common to find information workers in all economic sectors. Occupations range from air traffic controllers and financial analysts, to rank and file factory employees, field service representatives, rental car agents and delivery people who use wireless reporting and tracking devices. (Mosner et al., 2003, p. 9-10)

a. The Digital Workplace and the Information Worker

"As the U.S. has become an information-dependent society, technology has rapidly become a common fixture in the workplace. More and more occupations are becoming information-based, opening new employment opportunities for many Americans. " (Mosner et al., 2003, p. 9)

What are other businesses doing to keep older employees from retiring?

b. "Recommended strategic ideas for management.

i. Identify potential gaps and knowledge transfer needs

ii. Broaden succession planning thinking

iii. Check communications mechanisms and messages for intergenerational …show more content…
Offer benefits of interest to mature workers such as long-term care insurance, pre-retirement planning, health and wellness programs, comprehensive medical coverage, including prescription drugs, health coverage for retirees and part-time workers, prorated benefits for employees on flexible work schedules."

Some industries are more concerned with the exodus if the baby boomers from the workforce. Expressing major concerns, are the technology and pharmaceuticals industries, about the introduction of new products and services to forecast the loss of experienced engineers, key account sales representatives and senior managers. (The Conference Board, 2005, p. 2)

References

Lockwood, N. R. (2003, December). The aging workforce: the reality of the impact of older workers and eldercare in the workplace. HR Magazine, , 1-20. Retrieved September 15, 2006, from http://www.findarticles.com/p/articles/mi_m3495/is_12_48/ai_n5989579

Mosner, E., Spiezle, C., & Emerman, J. (2003, July). The Convergence of the Aging Workforce And Accessible Technology. Retrieved September 15, 2006, from http://www.microsoft.com/enable/aging/convergence.aspx

The Conference Board (2005, September 19). America 's Aging Workforce Posing New Opportunities and Challenges for Companies. Retrieved September 15, 2006, from
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Assigment 1 Davis v The Board
    • 1761 Words
    • 5 Pages

    Assigment 1 Davis v The Board

    Lockwood, N. (2003). The aging workforce. In Society for human resource management (p. 56). Retrieved from…

    • 1761 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    Fred Maiorino Case
    • 8426 Words
    • 34 Pages

    Fred Maiorino Case

    Spitulnik, J. (2006). Cognitive development needs and performance in an aging workforce. Organization Development Journal, 24(3), 44-53. Retrieved September 11, 2008, from ABI/INFORM Global database.…

    • 8426 Words
    • 34 Pages
    Good Essays
    Read More
  • Better Essays

    case study 1 hgd
    • 991 Words
    • 3 Pages

    case study 1 hgd

    The “boomers” are a large group of Americans who have affected and will continue to affect the nation’s social, political, and economic aspects of life since the day they were born. The birthrate the United States rose after World War II and maintained high through the middle 1960s. This population “boom” was a direct effect of World War II and a booming economy that roused the increase in in children born unto these families of soldiers returning from war. From 1946 through 1964 these “boomers” have had an impact on society at each stage of their lives. Now, as boomers reach late adulthood and retirement we will continue see dramatic effects on many aspects of American life in the years to come.…

    • 991 Words
    • 3 Pages
    Better Essays
    Read More
  • Better Essays

    Baby Boomers: the Largest Generation in Us History Born Between 1946 and 1964
    • 3105 Words
    • 13 Pages

    Baby Boomers: the Largest Generation in Us History Born Between 1946 and 1964

    Baby Boomers are the largest generation in US history. They were born between 1946 and 1964. Research shows that between 75 and 80 million people were born during this time period. That is an average of 4 million per year. This generation grew up during the 1960’s and 1970’s. Baby boomers ages range from the mid forties to the mid sixties, and the first of them will turn 65 this year or already have. With this generation being so large and encompassing a wide range of ages it will present many challenges for organizations. As many of them begin retiring this year, it will cause a drastic change in the workforce in the United States for the years to come. According to the Monthly Labor Review, Arlene Dohm states, “By 2018, all but the youngest baby-boomers will be of retirement age.” The biggest problem is, there is a smaller pool of workers in the generations that followed the baby boomers. Paul Hodge, who states in the December 2005 White House Conference on Aging Report “ From 2010 to 2030, the 65+ population will ‘spike’ by 75% to over 69 million people.”…

    • 3105 Words
    • 13 Pages
    Better Essays
    Read More
  • Powerful Essays

    Workforce Planning - State of New York
    • 1405 Words
    • 6 Pages

    Workforce Planning - State of New York

    The Workforce Matters guide for New York State agencies is a very valuable guide and relevant in 2012. It provides insight into the agency staff by recognizing the aging workforce and upcoming retirement; it recognizes the knowledge, experience and institutional memory that will leave the company once these long term employees leave. The plan addresses the changing demographic of its customers and the potential need for “new methods of service delivery and a workforce that reflects its customers”. They did not make the mistake of trying to solve staffing problems across the entire agency, but chose only those areas that they knew would have “considerable change in services delivered and the way in which they were delivered”. The agency also created “What If” scenarios by viewing the process through a narrow scope and broad scope.…

    • 1405 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Res 351
    • 3122 Words
    • 13 Pages

    Res 351

    Age discrimination is existent. Older employees are defined as members of the “mature” generation (58 or more years old); younger employees are members of three generations—the Baby Boom (post World War II or 38 – 57 year olds), Generation X (23 – 37 year olds), and Generation Y (18 – 22 year olds). “The key to a company’s future success will be its adaptability – its capacity to deploy resources quickly to seize competitive opportunities and to draw from a labor pool that features a mix of multi-skilled, full-time workers, and specifically-skilled, contingent employees who contribute on a part-time or temporary basis” (Hall and Mirvis, 1998). Research is conducted when individuals or businesses want to find out the connection, if any, between two or more things. This paper will discuss, “Will hiring younger employees to take the place of older employees increase the productivity of a business?”…

    • 3122 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Best Essays

    The Graying of America Essay Example
    • 4790 Words
    • 20 Pages

    The Graying of America Essay Example

    A baby boomer is defined as any person who was born in a period of increased birth rates following World War II between January 1, 1946 and December 31, 1964. The baby boomers represent the largest generation in American history consisting of about seventy-six million people [Gillon, 2004]. The special name for the boomers is derived primarily from its enormous size in comparison to the smaller generations that came immediately before and after that time period [Gillon, 2004]. There was not one previous generation that had been developed on such expansive hopes or had been so confident in their ability to change the world. According to Gillon [2004], the baby boomers were the first generation to realize the American dream of equal opportunity for all of its citizens. Zeitz [2005] described the following:…

    • 4790 Words
    • 20 Pages
    Best Essays
    Read More
  • Good Essays

    Nursing Facility Marketing Plan
    • 1010 Words
    • 5 Pages

    Nursing Facility Marketing Plan

    Cohen, J. D. (2006). The aging nursing workforce: How to retain experienced nurses. Journal of healthcare management, 51(4), 233.…

    • 1010 Words
    • 5 Pages
    Good Essays
    Read More
  • Best Essays

    Generational Differences Between Baby Boomers and Millennials and the Impacts on Hr Essay Example
    • 3591 Words
    • 15 Pages

    Generational Differences Between Baby Boomers and Millennials and the Impacts on Hr Essay Example

    Companies are becoming increasingly more interested in how to attract, retain and manage people from different generations in the workplace. Each generation has different expectations, values, communication styles and motivators (Crumpacker & Crumpacker, 2007). What interests an older employee might not be the same for a younger employee.…

    • 3591 Words
    • 15 Pages
    Best Essays
    Read More
  • Good Essays

    Sociological Aging
    • 1487 Words
    • 6 Pages

    Sociological Aging

    A baby boomer refers to an individual that was born after World War 2 between thw years of 1946 and 1964. By 2020 there will be more people that are 65 or older than children under 5 and by 2050 people 65 or older will make up 21 percent of the population. One reason for this is the increase of life expectancy due to improvements is medicine/…

    • 1487 Words
    • 6 Pages
    Good Essays
    Read More
  • Good Essays

    Generational Differences In The Workplace
    • 820 Words
    • 4 Pages

    Generational Differences In The Workplace

    Withdrawn workers might feel underutilized; for instance, they have more to offer the organization than they're welcome to contribute or totally overpowered; difficulties are a long ways past their individual limit, or the assets accessible, to complete their occupation. More seasoned laborers give experience, yet they likewise pose challenges for organizations, including healthcare to a populace which will encounter four-and-half-times the same number of inabilities as more youthful specialists, creating flexible work routines and moving obligations far from physically requesting work. This is intensified in a worldwide workforce that which joins varying administration and work styles in light of individual societies. The challenge is to recognize the right employment parts, motivations and retraining open doors for every laborer while staying away from age-segregation hones. Technologies, for example, online networking are vital for selecting, however the challenge is to adjust these new systems to business…

    • 820 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    The Negative Effects Of Baby Boomer Workers
    • 1202 Words
    • 5 Pages

    The Negative Effects Of Baby Boomer Workers

    The economy’s long-term shift toward knowledge-based jobs and away from physical labor is a force that might be increasing the rolls of older workers. Already, older employees with higher level of education seem to be playing a major role in the trend (Peterson). The problem is that companies are going to need to hire somebody young who has the same brain of a 64-year-old but is able to perform tasks more efficiently like a 24-year-old. “Health problems and workplace pressures such as cutbacks force many workers into retirement earlier than they expect. And employers that have a choice often prefer the young, viewing older workers as costly and resistant to new technologies” (Peterson). Soon, employers will not have a choice whether they want to hire an old, sophisticated employee or a young, energetic employee. “By 2003, 82% of baby boomers were in the labor force. In the last four years, that baby boomer retirement figure has jumped from 10% to 17%, while their labor force participation rate has just hit a 36-year low in 2014” (“Baby Boomers and Retirement”). A company must conclude whether it is worth their money and time to hire a retiree. The problem is that the retiree community in this country has little savings, so they feel the pressure to continue working. Consequently, this also means a fair amount of baby boomers will need to depend on others, such as the government or family to support them once they finish…

    • 1202 Words
    • 5 Pages
    Better Essays
    Read More
  • Better Essays

    Social Inequality in Elderly Americans
    • 1105 Words
    • 5 Pages

    Social Inequality in Elderly Americans

    Many elderly Americans decide to retire at around age sixty-five, and many have chosen to say in the labor force well beyond retirement age. A reason for this many be that better health now allows people who want to work, to stay in the labor force (Macionis, 2005). Aging Americans face considerable economic discrimination, especially in the workplace (Falk & Falk, 1997). For example, older workers are sometimes fired regardless of their job performance or passed over for promotions in favor of younger employees (Falk & Falk, 1997). I have seen first hand, a man named Mo, whom I currently work with, fired from a position because the budget no longer allowed for his high salary, after 55 years experience in the particular field in which he is considered a subject matter expert, Mo was asked to leave by not being told he was leaving because the budget could no longer afford him, but by being told he was no longer able to understood today’s workforce.…

    • 1105 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Health Workforcce
    • 521 Words
    • 3 Pages

    Health Workforcce

    The opportunity of retaining ageing worker is set the framework of an overall improvement in health status. Following strategies could be helpful for the retaining of ageing workforce;…

    • 521 Words
    • 3 Pages
    Good Essays
    Read More
  • Best Essays

    Aging in a Rural Community
    • 2088 Words
    • 9 Pages

    Aging in a Rural Community

    Feist, H., Parker, K., Howard, N., & Hugo, G. (2012). New Technologies: Their Potential Role in Linking Rural Older People to Community. International Journal of Emerging Technologies and Society, 8(2), 68-84.…

    • 2088 Words
    • 9 Pages
    Best Essays
    Read More

Related Topics