Older Workers

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In this paper we will examine case studies and research in relation to organizational management in regard to the older worker. Many older workers are declining to retire and continue to work. There are many baby boomers who cannot and do not want to retire from the workplace and many are looking to transition into the new workforce. Work and Family Researchers Network (2010) reported that “by the end of 2002, the number of older workers in the labor force aged 55-64 employees or seeking work-increases to 62.9%, the highest level during the postwar era. The U.S. Bureau of Labor Statistics, more than 25% of the working population will reach retirement age by 2010, resulting in a potential worker shortage of nearly 10 million; however older …show more content…

A lot of older workers are eager to call it quits and retire early when they are faced with changes; however employees who are 55 years and older remain employed. There are numerous reasons why individuals are deciding to work longer; some are social and economic factors. Due to older workers, continuing to work has changed the definition of the older workers. “The National Council on Compensation Insurance (NCCI) has cast doubt on this conventional wisdom, or at the very least, potentially changed the definition of older workers. The NCCI conducted a study that included different age groups and at what rate which they were injured. The study revealed that younger workers under the age of 35 had more injures, such as cuts and bruises, than the older workers who were over the age of 35. However, older workers suffered more from other injuries such as carpal tunnel and neck injuries. The research showed that the numbers were not significantly different, but …show more content…

“Older workers have been accumulating their experience over the years, and their specific human capital has grown considerably. Retirement of these employees would mean loss of that valuable organization capital”. Karpinska, Henkens and Schippers (page 1325, 2013). In 1993, the Commonwealth Fund published a report entitled The Untapped Resource, study consisted American who were over the age of 55. Within the research, it was founded that over 14 million people, or 27%, of individuals who were 55 or over were employed and were consistently received high performance reviews. Case studies have shown that older workers are as flexible, trainable and cost-effective as the younger worker. In a case study conducted by Days Inn, revealed that older workers were easier to train, flexible in regard to assignments, and more likely to stay longer on the job. Sterns (1995). Needlessly to say, these numbers are known to fluctuate throughout the years, in regards to society’s economic

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