Managing wiser workforce

Individuals over the age of 55 years represent progressively a large proportion of the global workforce. For more than a few decades many companies have strong and persistent tendency to virtually force these older employees out of the workforce or to bribe them heavily into taking early retirement. Older workers enrich the workforce in ways which employers of today‘s world often dismiss in preference to quantifiable skills and updated certificates. Workers with mature
judgment, long tenure and a unique combination of skills are more difficult to replace and replicate than a young workforce. In addition, their education, knowledge, loyalty, dedication and commitment to doing quality work are invaluable. Approaches to organizational change with multigenerational workers and work teams, performance appraisal and age-neutral policies are likely to help in managing the huge knowledge base. This paper builds a case for organizational
cultures conducive for the older workers.