Should Government Raise the Retirement Age? Essay Sample

As a director. you must see the result that this authorities legislative move will do. If retirement age is extended out passed the current age of 60 seven to the age of 70 this will maintain older plants on the occupation longer. That has an advantage in maintaining strong occupation accomplishments. but is a heavy disadvantage to cost and the bottom line. As the work force ages. their degree of productive end product will be reduced. This is besides the clip in an employee’s calling there an employee’s wage is at the highest degree as the employees is stoping their calling. Their sum of holiday clip off is at its highest and as the employee ages. their clip off from the occupation addition due the heath concerns. As a director budgeting the cost of your section. the older work force will cut down the available financess that could be used to complete undertakings.

The ability of a company to retire employees will take those older employees and travel them from the companies direct labour costs and reassign them to the retirement histories and off the books. This besides allows the trough to convey in younger and less dearly-won employees. at a lower wage. The new employee will hold a willingness and hungriness to work longer hours and work with less wellness attention costs. ” Younger workers were besides preferred because they could be paid lower rewards. and because anterior work experience was considered more of a hindrance” . There will be a loss of accomplishments and cognition with a younger work force. but there will still be a figure of experient employees to maintain the company strong. This is why raising the retirement age is non an effectual manner of assisting our concerns prosper.

Mentions

ROTHENBERG. JESSICA Z. . GARDNER. DANIEL S. ( Mar2011 ) . Journal of Sociology & A ; Social Welfare ; Vol. 38 Issue 1. 9-30. 22. 2 Graphs