According to some people, organizations should encourage their senior employees to retire early so that young people can have more job opportunities. In my opinion, this strategy might benefit young job aspirants; however, it will be detrimental for the company.
Senior employees have invaluable experience and for this reason companies should encourage them to stay. Of course, if seasoned workers retire earlier, more young people will get employment. However, this does not always benefit the company. The higher level employees have superior skills and experience that new workers lack. As some of them have worked in the same company for more than two or three decades, they are familiar with the day-to-day operations of the company and their expertise makes them a valuable asset. Consequently, their retirement will result in the loss of a great pool of talented workers and the company will suffer huge losses.
There are people who argue that recruiting more youngsters can help companies save money as the salary of experienced workers is exceptionally high. For example, the salary of an employee working at a managerial level may be thrice as much as that of an entry level employee. While this may be true, the retirement of experienced employees will lead to a talent crunch that eventually affects the bottom line of the company. What’s more, if high level workers retire, there will not be enough experienced workers to provide training to the newly hired employees. Without the intensive guidance and supervision of their mentors, new employees will not be able to hone their skills. Gradually, the company will lose productivity and revenue.
To conclude, while some people may suggest that senior workers should retire at an earlier age to give more opportunities to the younger ones, I do not agree with this argument as their retirement means a tremendous loss to the companies.
According to
some
people
, organizations should encourage their senior
employees
to
retire
early
so
that young
people
can have more job opportunities. In my opinion, this strategy might benefit young job aspirants;
however
, it will be detrimental for the
company
.
Senior
employees
have invaluable experience and
for this reason
companies
should encourage them to stay.
Of course
, if seasoned
workers
retire
earlier, more young
people
will
get
employment.
However
, this does not always benefit the
company
. The higher
level
employees
have superior
skills
and experience that new
workers
lack. As
some
of them have worked in the same
company
for more than two or three decades, they are familiar with the day-to-day operations of the
company
and their expertise
makes
them a valuable asset.
Consequently
, their retirement will result in the loss of a great pool of talented
workers
and the
company
will suffer huge losses.
There are
people
who argue that recruiting more youngsters can
help
companies
save money as the salary of experienced
workers
is
exceptionally
high.
For example
, the salary of an
employee
working at a managerial
level
may be thrice as much as that of an entry
level
employee
. While this may be true, the retirement of experienced
employees
will lead to a talent crunch that
eventually
affects the bottom line of the
company
. What’s more, if high
level
workers
retire
, there will not be
enough
experienced
workers
to provide training to the
newly
hired
employees
. Without the intensive guidance and supervision of their mentors, new
employees
will not be able to hone their
skills
.
Gradually
, the
company
will lose productivity and revenue.
To conclude
, while
some
people
may suggest that senior
workers
should
retire
at an earlier age to give more opportunities to the younger ones, I do not
agree
with this argument as their retirement means a tremendous loss to the
companies
.