Free

Future proofing an organization against talent lost as baby boomers retired - Term Paper Example

Comments (0) Cite this document
Summary
The rapid development of economies, globalization, cultural changes where women are taking leadership that is more senior position 88888are some of the factors attributed to this change. The following are…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
Future proofing an organization against talent lost as baby boomers retired
Read TextPreview

Extract of sample "Future proofing an organization against talent lost as baby boomers retired"

Reasons for Organization change The world business environment is rapidly changing in the 21st century. The rapid development of economies, globalization, cultural changes where women are taking leadership that is more senior position 88888are some of the factors attributed to this change. The following are some of the trend that will influence business and warrant for change in leadership. Businesses that fail to react to these changes and adapt accordingly risk failure and loss of their market share.
First, the baby boomer employees are set to retire in the next 20 years. The massive exodus of this employee will lead to shift in leadership as the new generation will rise through the ranks. The exodus of the baby boomers combined with the falling birth rates will intensify the competition for the global talent.
Most of the businesses from the developed world recognize the need to capitalize on the international markets. It helps the companies overcome the challenges of aging work force evident in their domestic market, by tapping into new growing pool of highly educated talent. However, the rapid growth of the economies of the BRIC countries also means that new businesses are entering the markets. The competition is increasing. Most of the organizations are already experiencing stiffer competition as they expand internationally. The entry of new businesses threats to shrink their international market share.
The third trend is that, women form a significant portion of the workforce. Having more women working is transforming the workplace and creating new markets. A woman brings a unique perspective on tapping on some of the growing markets. Also having more women working has increased their saving and spending and thus good for the business. In United Kingdom, the female segment is increasing faster.
Currently, the generation X and Y forms the majority of the world population. This generation view of life is different from that one of the baby boomers. They have different goals and motivation. This means that different leadership style will be required to motivate them. The business leaders will need skill not only to do business in this broad environment but also to attract and maintain talents from more diverse and fluid workforce. Skills like people’s kills and emotional intelligence will be highly valued.
As the global transformation accelerates, it is becoming more crucial to understand the fundamental trends that shape the future of the workplace. It is, therefore, important for todays leader to formulate a vision for future and execute their plan. The businesses that choose to peruse the ‘business as usual’ do so at their peril. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Future proofing an organization against talent lost as baby boomers Term Paper”, n.d.)
Future proofing an organization against talent lost as baby boomers Term Paper. Retrieved from https://studentshare.org/human-resources/1669418-future-proofing-an-organization-against-talent-lost-as-baby-boomers-retired
(Future Proofing an Organization Against Talent Lost As Baby Boomers Term Paper)
Future Proofing an Organization Against Talent Lost As Baby Boomers Term Paper. https://studentshare.org/human-resources/1669418-future-proofing-an-organization-against-talent-lost-as-baby-boomers-retired.
“Future Proofing an Organization Against Talent Lost As Baby Boomers Term Paper”, n.d. https://studentshare.org/human-resources/1669418-future-proofing-an-organization-against-talent-lost-as-baby-boomers-retired.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Future proofing an organization against talent lost as baby boomers retired

The Age Gap Between Baby Boomers and Today's Youth

...the national average.”(Michael Brown and David Gergen September 07, 2011) “The millennial generation is staring into the abyss of a decade lost, dreams shattered. Experts say the negative effects of long-term joblessness, low earnings and rusted skills could haunt this generation for the rest of their lives.” (Michael Brown and David Gergen September 07, 2011) Being born in a very prosperous era, they feel secure as compared to the young generation. It is because the young generation is intensely suffering from the consequences of recession. Open mindedness of the Young generation Young generation is more open minded than the baby boomers: It is true that the young generation has a wide...
8 Pages(2000 words)Essay

Changing Sexual Attitudes and Behaviors from Baby Boomers to 2012

...educated parents in small families (Jamieson, p. 5). The impact of divorce seems to have been focused on children’s education as well as their work goals. The familial differences in each generation were able to bear a strong impact on attitudes and behaviors of children in each generation, mostly on shifting the attitudes of children into more individualistic goals and future plans. Gaylor (p. 1) discusses how the family setting for the various generations is also different with baby boomers being in a more dispersed set-up, with the generation Xers being latch-key children, and the millennials being more comfortable with a loose family set-up. Baby...
20 Pages(5000 words)Research Paper

Effect of retiring baby boomers to US economy

...are basically those born between 1946 to about 1960s6. Mathematically, people born during this time are approaching their retirement age as per U.S. labor laws where the retirement age stands at 65 years of age. Mckinsey Global Institute reveals that the latest census report on America’s population found out that there are about 78 million baby boomers in the U.S. born somewhere between 1946 and 19647. This implies that a very huge number of baby boomers are likely to be retired in the near future, something that will most likely affect the economy in one way or the other. The objective of this paper is...
13 Pages(3250 words)Research Paper

Baby Boomers Retiring

...workers as well as the competition among companies for new talents. While some business leaders have approved strategies encouraging employees to extend their term of work beyond the required retirement period, most acknowledge that they value the reliability, strong work ethics and loyalty of the younger workers as opposed to the older workers despite their expertise. References DeLong, D. (2004). Lost Knowledge: Confronting the Threat of an Aging Workforce. Oxford: Oxford University Press. Peschard-Sverdrup, A. & Center for Strategic and International Studies (2008) The future of North America, 2025: outlook and recommendations. CSIS. Price, A. (2007). Human Resource...
3 Pages(750 words)Research Paper

Minorities/ African Americans Baby Boomers Health Program

...Minorities/ African Americans Baby Boomers Health Program Target Group: Minorities/ African Americans Baby boomers represent the largest part of the American population. This group represents about more than 77 million people where 71 million tend to approach their retirement period. African Americans tend to present the largest number of baby boomers as they current hold a 12 percent of all the baby boomers. A number of various demanding issues are affecting the African American baby boomers, which tends to make the group different from others. Some of these demanding issues include high cost healthcare services. This is because most of these baby boomers require more health care services as they grow old (Miller & Wyllie, 2006... ). It is...
5 Pages(1250 words)Essay

Boomers

...the younger generation who may base TV and movies as their influence. Boomers believed in modernism they grew up believing technology is good, medicine as the answer to their problems and a united people meant a better future (Gelston, 2008). This ideology cannot relate to the present especially with the generation Y. The existence of the boomers, generation X and generation Y in a working condition happen to create tension among this group. Baby boomers considered being self- absorbed workaholics by generation X generation Y, generation X see generation Y as arrogant and entitled, whereas generation Y see generation X as a bunch of whiners. With this...
2 Pages(500 words)Essay

Baby boomers in hotel industry

...Baby boomers in hotel industry of the due: Problems with Baby Boomers in the Hotel Industry The human resource management of the current hotel industries should be keen on issues pertaining baby boomers at the work place. Baby boomers are individuals who are currently day by day turning 60 years and above (Billboard magazine, 2003). They occupy most of the top positions in the work places. This group of individuals poses a serious threat to various organizations in terms of retirement, performance and healthcare issues. Consequently, baby...
1 Pages(250 words)Research Paper

Rules that the baby boomers rejected

...Baby boomer’s protest The term baby boomers was coined after the Second World War when more babies were born in 1946 than ever before (history.com). This began the “baby boom” and from then on, that generation from 1946 to 1960 was characterized as the “baby boomers”. The baby were known as the protest kids, the anti-establishment rioters who are known for their liberalism in the 1960s (Gonyea). Their anti-establishment attitudes were not necessarily bad because it brought permanent changes in our society. Among the things that the baby boomers...
2 Pages(500 words)Essay

Baby Boomers and Millennial

...stress that their parents experience from long hours at the workplace (Gilbert, 2011). On the other hand, boomers take pride in what they have achieved such as building careers and starting families. They are a restless bunch that wants more in their careers and desire to convey their wisdom to the new generation. They also want to reduce their work lives and retire satisfied that they accomplished what they embarked to do (Hudson & Gonyea, 2012). How to motivate baby boomersBaby boomers comprise more than a quarter of the US workforce. It is essential that organizations must understand these employees and ways to...
4 Pages(1000 words)Coursework

Common stereotypes from Boston Baby-Boomers

...and that they are equally productive as a millennial. The study on Fortune 500 Company shows that the older workers are happier with their work as compared to the younger generation workers. Non millennial employees say they stay in an organization because they find it meaningful and not because they lack options. Therefore stereotyping has its risks that can endanger the operations of an organization, for instance, baby boomers view the younger generation as less kindly and spoiled. On the other hand, the younger generation sees baby boomers as individuals not operating under the new technologies. Also, baby...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Future proofing an organization against talent lost as baby boomers retired for FREE!

Contact Us