Nowadays it is essential to have the right mix of both youngsters and seniors within an organization. According to some people, young workers make a greater contribution to the bottom line of the company; however, others insist that seniors contribute more. In my opinion, both of them are crucial for the success of a company.
In this fast-paced business environment, many companies are investing heavily on young professionals. One of the pivotal reasons for this phenomenon is that an organization needs fresh ideas and innovations to have a dominant position in the market. Another reason for recruiting more young people could be the latest technology deployed across the departments. Young people are better than seniors at using technology. For instance, according to data released by CII in the year 2018, the most profitable and innovative companies in India also have the youngest percentage of young people working for them. In other words, to drive innovation and profitability, an organisation needs a younger workforce.
On the other hand, the contribution of old and experienced employees cannot be ignored. This
is because their experience and exposure to different business situations make them better at handling stressful situations. In addition to that, experienced employees can make calculated moves and invest in avenues that will give steady and sustainable profits. For example, as per CII the companies which have shown balanced growth over the last 5 years are the ones having the most experienced staff.
To recapitulate, a company needs both young and mature employees to retain their competitive advantage and stay profitable. While youngsters can bring in innovation, seniors know how to steer the organization during bad times.
Nowadays it is essential to have the right mix of both youngsters and
seniors
within an organization. According to
some
people
,
young
workers
make
a greater contribution to the bottom line of the
company
;
however
, others insist that
seniors
contribute more. In my opinion, both of them are crucial for the success of a
company
.
In this
fast
-paced business environment,
many
companies
are investing
heavily
on
young
professionals. One of the pivotal reasons for this phenomenon is that an organization needs fresh
ideas
and innovations to have a dominant position in the market. Another reason for recruiting more
young
people
could be the latest technology deployed across the departments.
Young
people
are better than
seniors
at using technology.
For instance
, according to data released by CII in the year 2018, the most profitable and innovative
companies
in India
also
have the youngest percentage of
young
people
working for them.
In other words
, to drive innovation and profitability, an
organisation
needs a younger workforce.
On the other hand
, the contribution of
old
and experienced employees cannot be
ignored
. This
is
because
their experience and exposure to
different
business situations
make
them better at handling stressful situations.
In addition
to that, experienced employees can
make
calculated
moves
and invest in avenues that will give steady and sustainable profits.
For example
, as per CII the
companies
which have shown balanced growth over the last 5 years are the ones having the most experienced staff.
To recapitulate, a
company
needs both
young
and mature employees to retain their competitive advantage and stay profitable. While youngsters can bring in innovation,
seniors
know how to steer the organization during
bad
times.