The issue of work force is one that borders on human resource management and the key personnel here is the human resource manager. Parts of the job of a human resource manager is forecasting, personnel needs, hire new workers, help train and educate personnel and administer wages, salaries and employee benefits and services. Factors like the baby boom generations that are increasingly accountable for a lot of workers in their fifties and the decline in the post -baby boom birth rate. The outcome of course was visible in the fewer percentage of young workers .Another factor that has been considered as an explanation for this trends is the improvement in health care services. People are now able to live longer courtesy of these improvements and as such maintain their relevance in the work place over a long period of time. A legislative act that has completely removed the upper limit on retirement age in the United States is yet another factor that may have contributed in no small measure to this trend.
While there may not be a clear-cut answer to this poser, it is important to beam the searchlight on certain advantages of an ageing workforce so that organizations can work with a balanced view when this issue threatens.Organizations should think of the human resource involved in the ageing population workforce. Going by an assumption made by R.Roosevelt Thomas, talent and ability are equally distributed throughout a workforce irrespective of age differences. This assumption highlights the importance of diversity in the work place.Diversity today in the workforce is a reality that takes into cognizance the all-inclusive mixture of differences and similarities. Several reasons are responsible for the ever diversifying workforce population today. The major ones being the recognition and desire for diverse view points, competitive pressures, rapidly growing increase in international business, legislation and law suits, not forgetting the demographic factor that has to do with age, sex, ethnicity and education.
An organisation that flouts legislation, particularly as pertaining ageing workforce, may end up worse for it when charges are pressed against them. The ageing workforces are noted for being empathized with, by the judiciary. It is only advisable to them in order to save themselves the huge financial losses lawsuits are likely to result in multimillion dollar penalties have been paid by corporations such as Mitsubishi, Boeing, Denny's and others in the past.
The emergence of diversity as a result of ageing workforce and other factors in organization has advantages that can be tapped into .Pressures brought about as a result of competition can be appropriately tackled with a more divergent yet capable and talented workforce better than organization holding negative views about ageing. It is even more likely that an organization with a more positive approach on this issue will end up putting together a winning team where the feeling prevalent among the personnel is that of better opportunities with the same organization. Competitive advantage sure lies with an organization that looks positively at the ageing workforce population.
Diverse inputs can be made into business strategy to determine an organizations productivity and market performance. This means that there is value addition with a more diversified workforce, ageing and otherwise. There is a complex linkage between workforce diversity and workforce functioning according to recent academic research. Innovations are also not lacking in this kind of organisation.
The decision by any organization to go international