Motivating Retired Workers Returning to Work Term Paper

Motivating Retired Workers Returning to Work - Term Paper ExampleAccording to Salatzar (1993), the retired bleeders slang little ambition than the young workers and therefore are comfortable in the position they work for. Therefore these workers develop to be an asset for the company. Pearsall, a retired worker who rejoined the workforce consume mentioned that experience in diverse subjects turn in assisted him to return to the workforce easily. However Cassidy, vice president for Concurrent Computers have mentioned that the biggest advant duration of recruiting retired workers is that they have prior knowledge of the situation. Therefore if the situation happens to be something out of the usual the retired worker will have a higher chance of having prior experience about such situations and will be more than at ease to handle the problem. There are several companies like Concurrent Computers that have pet retired workers in their labor force. It is alike necessary for many of the countries like United States to retain the successiond stack to their workforce because of their demographic nature. In 2002 the get of old multitude working or seeking work in United States was 62.9%. This is a result of the average age of the sphere which is very high. Apart from the contract that arises imputable to the shortage in the workforce there is also a need of the retired throng due to their expertise and skills in their profession. Moreover the average life span of the population in the developed countries has increase substantially and many people in the retiring age are perfectly healthy to work. down the stairs such circumstances many of the companies and policy makers are looking for ideas to attract the retired workers back to the workforce. Motivations for the Retired Person inclination by the United States Bureau of Labor Statistics show that more than one fourth of the countrys labor force would reach their age of retirement in 2010. This would l ead to a huge shortfall in the labor force. Another estimate by the United States Census Bureau suggests that 73% of the people in the population will have the age 55 or higher in 2020. It also suggests that the increase in the number of young workers in the labor force will be besides 5% during the same time. Alan Price (2007, p 429) gives an estimate of 25% of the people in the workforce having an age of 50 or more in 2020. According to another statistic in 2030, 20% of the people in the country will have an age of 65 or higher. Under these circumstances it becomes imperative for the country to motivate the retired people back to their profession in order keep the economy going and follow the targeted growth (Lockwood, 2003, p.3). Entrepreneurial efforts by the older people have doubles chances of success than the young people (Price, 2007, p.429). A survey was conducted by Metlife to comprehend the work pattern of the people after retirement. A number of people explained their motivation to return to the workforce. The survey showed that the motivation for returning to work varied according to age group. According to the people in their late sixties economic reasons were the main motivating factor for connection the workforce. It has often been seen after retirement the investments and the pensions are insufficient for the retired people to sustain their previous standard of living. on with that perfect working capabilities