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The Aging Workforce: A Case Study

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Recommended: Ethics in business environment

Business Ethics comprises the principles, values and standards that guide behaviour in the world of business (Ferrel, Fraidrich, 2013). Business Ethics looks at managerial decision making areas like choices about our economic and social issues outside the domain of law. “Demographic and social environment continues to change as national boundaries experience the effects of globalization and workforce becomes more diverse,” (Weiss, 2014). The dynamics of the changing workforce includes the aging workforce, generational differences, increase of women in the workplace, educational gaps, minorities becoming majorities and the increase in demand for the skills of disabled workers.

The Aging Workforce
The aging workforce is largely the result of …show more content…

Generation X also known as Baby Busters are those born between 1965-1981, they comprise of 41 million members. They were born during the technological evolutions and advancements; with extension corporate scandals. Weiss, 2014 stated “they came from a time of high national debt and bleak job markets.” They typically held entry level jobs where they were referred as the “McJob” generation. Only until the Baby Boomers retire then the Baby Busters can have more opportunities in the workforce. “The combination of limited supply of younger workers, high illiteracy among many new workforce entrants and demand for skills fuelled by technological change has resulted in a whole new workplace dynamic for this generation.” Look for …show more content…

Persons associate having an aging workforce means less productivity and also persons becoming less technologically inclined. Under the aging workforce, it is important to consider Age Discrimination in Employment Act (ADEA) 1967. This Act, “prohibits employers from discriminating against individuals based on their age (between ages 40 and 70) in hiring, promotions, terminations, and other employment practices,” (Weiss, 2014). The ADEA was amended in 1987 after the banning of a fixed retirement age; this act also extends to the younger

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