Preview

Impact of the Aging Workforce on the Technology Industry

Powerful Essays
Open Document
Open Document
3009 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Impact of the Aging Workforce on the Technology Industry
Impact of the Aging Workforce on the Technology Industry
How Retiring Baby Boomers Affect the Job Market
From Laura Schneider, former About.com Guide
See More About: * baby boomer retirements * aging workforce * technology job openings
Ads
Mobile Workforce SolutionOptimise your offsite workforce Cost effective. Get Quote todaywww.tracermobileworkforce.com
Retire HappyParamount Life can enhance your retirement income by over 100%www.paramountlife.co.za
Damelin 2012 Register NOWEnd User Computing (NQF3) 1 year Full Time or Part Time studywww.damelin.co.za
Tech Careers Ads * Job Careers * Tech Support Jobs * Computer Careers * Jobs Careers * Retirement Age Job
Overview
By the year 2010, a large percentage of the workforce will be retiring. This is causing what has been referred to as a "huge knowledge gap". As this generation approaches their retirement years, companies are starting to change the ways that they define work. This outflow of competent workers also opens up many new job opportunities, even during a time when the economy is not growing.
Changes in the Workplace
One of the interesting ways that the aging workforce is changing the way we work is by bringing a measure of flexibility to the office. Companies are finding that employees in this age group require different work conditions. They are less interested in working long hours, less defined by their careers, and much more interested in part time work. As a result of this trend, "quality of life" has become a key phrase. Telecommuting, job sharing, part time work and flex scheduling can be partially attributed to this generation's influence.
Alliance for an Experienced Workforce
Within the past few years, nearly two dozen industry associations have grouped together to create a new organization, the Alliance for an Experienced Workforce. This group works with employers to find creative ways to keep the retiring baby boomers working.
Some of the popular
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
  • 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

    Many companies are not prepared for the max exodus of people that will be retiring over the next 10 years from their organization. Companies now must find a way to replace these workers. People retiring will now outweigh the inflow of knowledge and experience of workers that are coming into the workforce or that in currently in the workforce today. Baby boomer’s possess more knowledge then any other previous, existing, or prospective employee group. Because of the knowledge and skills that they possess they have enabled organizations to be more effective, competitive, and enabled them to run more smoothly.…

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

    Baby Boomers vs. Generation X
    • 776 Words
    • 4 Pages

    Baby Boomers vs. Generation X

    America has about five generations that function in our society today, and they are Traditionalists, Baby Boomers, Generation X, Generation Y, and the Millennial. It is interesting the way that an age gap influences the thinking of millions of people in different generations. Different times and situations require that different strategies be put in place for the following generation. Solutions that worked for one generation may be less useful for the next, so sometimes, because of the age gap, these solutions cause disagreements. These various ideologies all have one goal, and that is to be successful. We will discuss the path of the Baby Boomers and Generation X in the workplace environment.…

    • 776 Words
    • 4 Pages
    Good 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
  • Satisfactory Essays

    Baby Boomers: Largest Generation Of Workers
    • 72 Words
    • 1 Page

    Baby Boomers: Largest Generation Of Workers

    Baby Boomers are the largest generation of active workers. Their workplace strengths are hard to surpass with qualities like organizational memory, optimism, and willingness to work long hours. They grew up working as individuals in large corporations with traditional hierarchies and values and usually spent a majority of their lives at one organization. But…Baby Boomers are quickly being replaced as that largest generation of workers by Millennials, and the differences are…

    • 72 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Powerful Essays

    Leading Intergenerational Teams
    • 1708 Words
    • 7 Pages

    Leading Intergenerational Teams

    Workspace demographics now span four generations. A twenty-something hired this year can expect to find that they working with colleagues who are older than they are by fifty or more years. The reason for this is primarily due to labor shortages for trained personnel in many industries. In addition, many older workers are now delaying retirement due for economic or other reasons. Many of the baby boomer generation can now be expected to delay retirement into their seventies. (Randstad USA)…

    • 1708 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Aging in the Workplace
    • 1110 Words
    • 5 Pages

    Aging in the Workplace

    Many physical changes associated with aging can affect productivity. Those that have been investigated include decreased cardiorespiratory functioning, reduced muscle strength and sensory deterioration. A decrease in cardiorespiratory functioning often leads to increased fatigue, according to a 1995 study. This can reduce productivity in older workers, who may be relegated to more physically demanding tasks if they lack technical skills for more cognitive tasks.…

    • 1110 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Generational Differences In The Workplace
    • 820 Words
    • 4 Pages

    Generational Differences In The Workplace

    Today's work environment is without a doubt a multi-generational one; and every era has its own arrangement of desires, needs, values and working styles. While generational differences in the workforce advance a more extensive scope of ability, it can frequently mean conflicting ideas and stereotyping. Perceiving and understanding generational contrasts can encourage everyone to learn how to cooperate all the more successfully and change your working environment from a generation war zone to an age-different and productive team. Most managers which are in the organization and in their 40's and above, having one thing in like manner; they are stagnant in their vocations improvement and self-awareness.…

    • 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
  • Satisfactory Essays

    Active Aging Research Paper
    • 923 Words
    • 4 Pages

    Active Aging Research Paper

    However, it is important to note that older adults are only reluctant to engage with new technology when they do not understand it, which means that they can be trained to acquire high technology skills. Personally, I have found this to be of great use in staying relevant to the contemporary job market. Currently, my technology skills are as good as those of the younger generation since I have taken upon myself to periodically learn new technology skills that give me the ability to use and interact with any new…

    • 923 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Best Essays

    Generational Differences In Scholarly Style
    • 2293 Words
    • 10 Pages

    Generational Differences In Scholarly Style

    Today’s workforce is one that is ever changing, one that is dealing with numerous diversities. These diversities can stem from cultural background, race, sex and age. The article concentrates on the latter, and the fact that this is the first time that the workforce consists of four different generations. These generations are broken down into cohorts; Traditionalists, Baby Boomers, Generation X, and Millennials (Kapoor & Solomon, 2011). The author’s discussion is built around first explaining the characteristics of these different generations and how they approach work. This is followed by an explanation of what conflicts may arise from these different views on work, and suggestions as to how to manage…

    • 2293 Words
    • 10 Pages
    Best Essays
    Read More
  • Best Essays

    Paper
    • 3173 Words
    • 13 Pages

    Paper

    There are four groups of generations in today’s workplace: Traditionalists, Baby Boomers, Generation Xers, and Millennials. Each group is unique and a valued part of the organization they belong to however, each group prefers to work in different ways and expects different things out of their career. Whereas Traditionalists are concerned with moving up the corporate ladder, Millenials are concerned with higher education and skills they learn that can be taken with them on their next career move. Generation Xers and Millennials also dress differently than the older generations as well as view work/home balance more importantly than prior generations.…

    • 3173 Words
    • 13 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    Multigenerational Workplace
    • 96 Words
    • 1 Page

    Multigenerational Workplace

    Multigenerational workplace face many challenges. There are different factors that can affect the institutions ideology, diversity ideology, and the cultural differences established by time. Older generations tend to sway in the direction of company loyalty and commitment to working hard. Where younger generations are focused on most money for the job for the least amount of work and effort. Younger generations also tend to have a higher rate of switching jobs often in order to obtain the ideal working conditions. Being able to manage the differences in order to ensure that optimum productivity can be…

    • 96 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Powerful Essays

    Discussing The Importance Of Technology And The Aging Population
    • 1208 Words
    • 5 Pages

    Discussing The Importance Of Technology And The Aging Population

    This report will cover the significance of technology and the aging population. It will discuss the importance these technological changes will make in the lives of the elderly and the problems that may occur because of these same changes. It is important to study these changes and how they may affect us to prepare for how we can best handle this changing world and prevent some of these negative effects while reaping the benefits.…

    • 1208 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Better Essays

    Sas Institute
    • 1352 Words
    • 6 Pages

    Sas Institute

    Employers face major challenges when they consider the increasing difficulty of finding skilled people, a younger workforce with different attitudes about work, and a growing population of older workers heading toward retirement.…

    • 1352 Words
    • 6 Pages
    Better Essays
    Read More

Related Topics