Capitalizing on the New Mature Workforce Assignment

Capitalizing on the New Mature Workforce - Assignment drillThis article focuses on such strategies which include forecasting the workforce aging trends, improving the ability to recruit a mature workforce, provision of flexible loneliness programs with suitable benefits and providing a congenial work culture for the older workforce. Only such a reworked workforce strategy will help the progress of whatsoever organization in the coming years.The youngest workings class of the bribe generation falls under the age group of 40 years while the oldest atomic number 18 in their early 60s. Studies also reveal that the 18-34 age group population is expected to grow only by 3% over the succeeding(prenominal) decade. The population which is expected to show substantial growth will be those aged 55 years or above which would result in a shortage of several millions of workers. The human resource department in many organizations is already feeling the pinch as hiring the right candidates f or a job has give-up the ghost increasingly difficult. But this study analysis that despite the difficulties faced by the organization in hiring the right talent they continue to follow hiring strategies that target the junior generation of workers which is becoming increasingly scarce. Additionally, when the mature workforce leaves the company after their service they carry along with them all their valuable contacts and expertise which the younger working class will definitely lack. Hence recruiting and retaining the mature workforce would be a more viable option in the given conditions. Thus the present study makes an analysis of suitable policy changes which are required to be undertaken by companies to utilize the potential of the mature workforce as long as they are physically and mentally active.