Realising economic potential of older generation is boon to business houses. The main purpose of hiring older people is utilising sheer experience, intelligence and knowledge gleaned through an adequate number of working years. Not that they have garnered profound experiences, but have the resilience of compromising with deterrent situations as might crop at various junctures of working life.
How older people are befitting to Organisations?
An organisation can always rely strongly on intuitions of older people and take drastic decisions with effective results. Older workers have invested considerable amount of time in industries and so they are able to draw concrete experiences as required for adapting with changes in techniques and internal processes. Their lifelong experience in tackling interpersonal relationships renders them opportunity in efficient and capable handling of various crisis situations like controlling disgruntling customers or conflicts between employees. It is likely because of their confidence in managing various circumstances that would otherwise have flummoxed employees.
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With older and experienced workers comes reliability. In many cases, they have been found by many employers for exhibiting conscientious flexibility and time-keeping skills for meeting deadlines or scheduled working hours to keep in sync with the nature of working environment of an organisation. Besides, older workers put a great deal of care and pride in deliverance of work with minimum distraction from the surrounding environment. They are known to evoke a ‘vicious circle’ that is intended to inspire and affect junior workers in positive light.
The World and its outlook on employing Older Workers
“Older people are the main untapped source of labour in this country “was stated by Steve Webb, the Pension Minister of Britain. He also added that, “Britain is in a global economic race and we’re moving towards a landscape where there will be a set of jobs that employers cannot fill with anyone but experienced older workers. A firm that doesn’t make use of the talent pool on offer amongst the over fifties will be left behind.” In this light, Britain is one of the most advanced countries and it has its eyes on filling about 13.5 million job vacancies with both old and new workers for tapping in vital resources for businesses.
Though Britain is in the highlight of manifesting necessity of utilising resources of older workers, every country is gearing up to the reality of not just hiring but retaining older workers for building multi-generational workforce. Suggestively, offering work experience and apprenticeship opportunities to people irrespective of age can only explore untapped human resources for better implication of the same.
The discussion so far is indeed convincing, but a look at this real-life personality will validate my views, even more.
Example 1
Mr. Richard Branson is a legendary philanthropist and entrepreneur. At age 15, a school dropout, Mr. Branson went on to become a business tycoon. He dabbled in the business field for quite some time and earned credit for Student Magazine, Virgin Records; until he entered into the aviation business. At the initial stage it was difficult to keep alive his aviation business and so he sold Virgin Records to EMI. As his sale helped in meeting loans his aviation business survived to huge success. Today, he owns 300 companies, of which a few are his own; a few are sold out on lease and rest are sold to other partners. His flamboyance of dealing with multiple ventures with dexterity would not have been possible if he had not imbibed so much experience through his life.
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Starting out on a mere note and exploring the complicated facets of a corporate domain with experience is feasible to great extent. Experience not just helps but it sets standards for immense success. In this context, we can suggest that knowledge earned from books is also an added advantage. Being old and possessing experience is an excellent combination, but pursuing higher studies will only add to one’s credibility. Education knows no age, so an experienced person can expand his horizon of knowledge by earning an online masters degree from an accredited UK university that are designed to add credibility to one’s career at any given point in life.
So, make use of this golden opportunity by acquiring an online masters degree and blend it with your skills and precious experiences to take your company to the pinnacle of success.
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