There is a vast development in the current medical field due to which there is a considerable increase in average life expectancy in humans. There is an ongoing debate that people live longer life and there is a need to raise the retention period in workforce. I completely disagree with this notion and I believe that raising the retirement age will not benefit the organisation and society.
To begin with, retaining old employees will not benefit the company in longer term. Firstly, older people are not easily adaptive to new change. In today' s trend it is imperative to update the skills in order to align with rapid changes in technological advancement. So organisation will find difficult to implement the new process among older people. As a consequence company may incur some loss due to shortage in skill set. Secondly, there would be a decrease in productivity because elderly people will have some health issues and they may require some frequent leaves. Finally, company has to pay more salary to senior staff. This will be a huge burden to mid size company that yields very less profits.
Furthermore, extending retention period in organisation will create an unemployment issues among younger generation. There is a steady increase in younger population when compared to last two decades. If elderly people are retained for longer period then there will be very less job vacancy. Due to lack of job many youngsters may indulge in theft and other unethical means of earning money. This will lead to increase in crime rate and pose great threat to society. For example, in recent study conducted by United Nations concluded that the unemployment rate in India is around 60% in the age group of 20 to 40 years old. Hence Government is planning to cut down retirement age at least by five years to increase the employment opportunities for young people to benefit.
In conclusion, I strongly opine that people should not be retained for longer period in workplace. An equal opportunities should be created for the benefit of young people and organisations.
There is a vast development in the
current
medical field due to which there is a considerable
increase
in average life expectancy in humans. There is an ongoing debate that
people
live
longer
life and there is a need to raise the retention
period
in workforce. I completely disagree with this notion and I believe that raising the retirement age will not benefit the
organisation
and society.
To
begin
with, retaining
old
employees will not benefit the
company
in
longer
term.
Firstly
, older
people
are not
easily
adaptive to new
change
. In
today&
#039; s trend it is imperative to update the
skills
in order to align with rapid
changes
in technological advancement.
So
organisation
will find difficult to implement the new process among older
people
.
As
a consequence
company
may incur
some
loss due to shortage in
skill
set.
Secondly
, there would be a decrease in productivity
because
elderly
people
will have
some
health
issues and
they may require
some
frequent
leaves
.
Finally
,
company
has to
pay more salary to senior staff. This will be a huge burden to mid size
company
that yields
very
less
profits.
Furthermore
, extending retention
period
in
organisation
will create an unemployment issues among younger generation. There is a steady
increase
in younger population when compared to last two decades. If elderly
people
are retained
for
longer
period
then there will be
very
less job vacancy. Due to lack of job
many
youngsters may indulge in theft and other unethical means of earning money. This will lead to
increase
in crime rate and pose great threat to society.
For example
, in recent study conducted by United Nations concluded that the unemployment rate in India is around 60% in the age group of 20 to 40 years
old
.
Hence
Government
is planning to
cut
down retirement age at least by five years to
increase
the employment opportunities for young
people
to benefit.
In conclusion
, I
strongly
opine that
people
should not
be retained
for
longer
period
in workplace. An equal
opportunities
should
be created
for the benefit of young
people
and
organisations
.
8Linking words, meeting the goal of 7 or more
24Repeated words, meeting the goal of 3 or fewer
10Mistakes