¶ … Aging Workforce:
The issue of an aging workforce is one of the major growing challenges that organizations and industry experts face. This issue not only presents an actual safety challenge but also a huge opportunity to address other socio-economic forces. For employers seeking to maintain a top-notch workforce, the issue of aging workforce is not only a challenge but an opportunity for employees who may want to earn extra income in retirement. In the United States, the aging workforce accounts for one-third of the country's workforce and are set to retire by the end of this decade (Reeves, 2005). However, the country faces a challenge regarding the lack of enough younger employees to replace the aging workforce. Consequently, industry experts need to radically rethink about recruitment, retention, adjustable work plans, and retirement due to labor shortages in major industries.
Dealing with Labor Shortages:
According to Ip (2011), the United States shortage in skilled employees can be adequately addressed through leveraging the aging workforce (p.27). Leveraging the aging workforce is regarded as a means of engaging these employees properly in order to provide significant solutions and cost savings. Actually, the failure to properly engage the aging workforce will contribute to numerous threats o future growth and productivity in the country. The aging workforce is usually viewed as an issue to be addressed rather than asset to leverage.
Unlike younger workers, the aging workforce tends to be more motivated and focus on quality despite taking fewer days off from work. The intrinsic motivation and focus on quality by the aging workforce is attributed to fact that these people have mastered the mechanisms of the workforce over time. Leveraging the aging workforce is seen as an effective way of addressing labor shortages in the United States because the actual effects of retaining experienced employees are all positive. The labor shortage in skilled workforce can be dealt with adequately through leveraging the aging workforce because there are relatively fewer younger workers entering the workforce. The...
Aging and Retirement Reference Brochure Baernholdt, M., Hinton, I., Yan, G., Rose, K., & Mattos, M. (2012). Factors associated with quality of life in older adults in the United States. Quality of Life Research, 21(3), 527-534. doi: 10.2307/41445078 Black, B.S., Johnston, D., Morrison, A., Rabins, P.V., Lyketsos, C.G., & Samus, Q.M. (2012). Quality of life of community-residing persons with dementia based on self-rated and caregiver-rated measures. Quality of Life Research, 21(8), 1379-1389.
Workforce Planning - Verizon compared Sprint, AT&T T-Mobile. This part group project, discussing difference top phone companies. See attached. Workforce planning Workforce planning is a very challenging process for most companies. Most companies will want to cut on extra cost hence some of them end up paying their workers minimum pay with minimal benefit package. Workforce planning encompasses, attracting, recruiting and selecting, induct, train and develop the workers, motivate, manage and reward
The gradual decrease in income, eventual dependency on other people and the government for financial resource, lack of activities to do, and the onset of physical and/or physical limitations as a result of aging are known causes of frustration, stress, and even depression among elderly people who have retired (Blekesaune and Solem, 2005, p. 80). In the case of Mrs. a, she has not experienced these negative feelings or
The demographic tide of Canada is becoming a nagging problem with a dwindling number of active workforce having to bear the increasing burden of quality universal healthcare. However, the problem is that the prospect of a slow growth in the labor market would only imply a slower growth of the general taxpayers and hence raising the tax is not a simple solution to managing the fiscal pressures. As the
Education in Healthcare: The health care system has been characterized with several issues in the recent past including increased costs, poor patient outcomes, shortage in the number of health workers across every category, and under-utilization of health workers. While lack of access to care and increased demand for health care choices are also major issues in this sector, workforce issues will continue to have tremendous impacts on health care delivery. According
S." (Liu, 2008) the actual solution to the challenges facing the health care system in the United States is one that makes a requirement of three components: implementing tort reforms; mandating the use of best practices; and driving systemic process improvement. (Liu, 2008) This report states that the threat of litigation gets in the way of health care delivery in that is "causes providers to hide problems and engage in unnecessary procedures
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now