The Aging Workforce: Challenge or Opportunity? M Roselyn R. Feinsod Towers Perrin uch has been written about the aging of the working population and the potential implications this trend holds for employers‚ financial markets and the overall economy. The possible workforce scenarios predicted to play out during the next five to 10 years range from demographic doomsday (i.e.‚ severe labor shortages because of baby boomer retirements) to a soft landing (i.e.‚ minimal workforce disruptions
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exposure to accumulated training over time can also add value to an organisation’s knowledge base. Furthermore‚ the concept of an age-balanced workforce implies that the complementary strengths of younger and older generations are recognised and utilised within human resource planning (Brooke‚ 2003). The increased human resource costs of the younger workforce may potentially be countered by their currency of technical skills‚ which‚ may in turn be balanced by the experience and stability that older
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Activity 1 1 List the types of meetings that might be held in business situations. Meetings help to solve a lot of problems and issues at hand‚ faced by a business organization. The types of meeting that might be held in a business situation are: face-to-face‚ teleconference‚ video conference‚ annual general meeting‚ board meetings‚ staff meetings‚ union meetings and health and safety meetings. 2 List at least 3 advantages of conducting a formal meeting in a workplace. Meetings purpose to
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her role has been altered and added to. She is now a worker. Women have not always been treated as equal in the workforce and still are not. Women work harder just to achieve the same success that men do‚ with many more obstacles. Essentially‚ women carry more roles than men do and have busier lives so why are they being paid significantly less? Such as majorities in all other aspects of life‚ women are often considered minorities of the workforce. It is unfair that women do not receive nearly as equal pay as men do when the
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expanse of the country‚ its population and rich cultural heritage.” The country’s labour force is one to be reckoned with. It boasts the world’s largest labour pool‚ with 270 million entering the workforce over the next 20 years‚ says McKinsey & Company. It also has the world’s youngest workforce‚ with 70% of the population
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need to examine the social interaction amongst members of the organisation‚ as well as recognize that there were differences that existed that prevented a homogeneous workforce. It was these differences that are part of the ’workforce diversity’ concept. Workforce diversity‚ then‚ is the "concept of accepting that the workforce consists of a diverse population of people. The diversity consists of visible and non-visible differences which will include
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smaller world. At the same time‚ they have eliminated some of the physical boundaries that separate us. As a result‚ people all around the world are more capable of doing business with one another and the workforce has turned into worldwide melting pot of people. Is this diversity amongst the workforce a good thing? What about at an organizational level? I’ll look at 2 things; a study conducted by Bendick‚ Egan‚ and Lanier and a Tesco case study. I’ll summarize their conclusions and compare their
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July 13‚ 2013 Differentiation Framework The following paper contains a discussion of (1) Jack Welch’s differentiation framework‚ (2) A‚ B‚ C position categorization and (3) process that must be in place for successfully differentiating your workforce. Jack Welch’s 20-70-10 Differentiation Framework No other principle brings more controversy‚ and is more misunderstood than Jack Welch’s 20-70-10 differentiation framework. In a 2005 USA Today online interview posting‚ Jack Welch was asked if
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Workforce Management and Workforce Development Practices Dawn N. Noguerra MBA 6247 Human Capital Management PO Box 1214 Inglewood‚ CA 90308 Telephone: (323) 243-4366 Email: justsyd2001@yahoo.com Instructor: Dr. Tidwell Abstract I have chosen one workforce development practice (organizational socialization) and one workforce management practice (retention and turnover). In this paper I will discuss both practices and how they relate to my current organization or how they can be implemented
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Abstract The focal point of this research is motivation of the global workforce. The research will focus on cultural differences that influence the motivation across the global workforce. The study will be based on the Hofstede Cultural Dimension Theory. The Study examines six countries that represent different cultural values: India‚ Australia‚ China‚ United States‚ Japan‚ and Mexico. It also analyses practices of motivation and the problem of bridging cultures in a global workplace. The reason
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