Importance of Retaining Older Workers in Organizations

HUMAN RESOURCE MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
ASSESSMENT................................................................................................................................1
1. Older workers and their importance in organisations..............................................................1
2. Benefits and limitations of having old age employee in organisation. ...................................2
3. Strategies for supporting supply of labor:................................................................................4
CONCLUSION................................................................................................................................5
REFRENCES...................................................................................................................................6

INTRODUCTION
Human resource management is defined as an process of managing workers in an
organisation. The process involved hiring, training and firing of the employees. Irt is the
reasonability of an HR to recruit new employees and makes arranged for their training. Marks
and Spencer is a British multinational retailer which have headquarter in Westminster, London.
The organisation is specialised in selling premium quality clothing, foods and home products.
John lewis and partners is an chain od departmental stores which operates throughout the UK.
The chain is employee owned mutual organisation called as John Lewis Partnership. The study
will highlight the importance of retaining older workers in organisation. The report will describe
the benefits and limitations of aged workers in workplace. Moreover the study will highlight
different types of strategies for supporting labour supply (Chadwick, Super and Kwon, 2015).
ASSESSMENT
1. Older workers and their importance in organisations.
Organization plays an important role in developing knowledge, shaping skills, motivation
and social relationships. Whenever an new task or projects come older workers are encouraged
to handle new projects or tasks and act as a mentor or coach. Older workers have more
knowledge and experience of work so that why they are encouraged to handle all the difficult
task in an organization. As in Marks and Spencer can be benefit by old employees as if any
challenging task come they can give their suggestion and help the new employees to deal with it,
this will benefit the overall productivity of the Marks and Spencer (Chadwick, Super and Kwon,
2015).
Another importance of having old aged workers is that they are well dedicated towards
the job role, as young workers are not so serious they takes things in an casual way but in case of
old workers they are very serious about their jobs and do all the task with sincerity and with full
dedication so John Lewis can hold their old experience workers so that the organizational task
are carried out properly in an desired way without and delay. Experience workers are important
to stay in organization as they have great knowledge and skills so they dont need dont training
or guidance they can performs all the task on their own. It will be advantageous for M&S if they
hold their talented skilled workers, the overall productivi8ty will be increased and tasks assigned
will be completed on desired time (Mone and London, 2018).
1

Most common thing about the old employees is that they are honest towrds their jobs. It
menas they can an definite personality and they do all the organizational work very honestly.
This have an major impact on company as they perform all task with honesty so better results are
carried out by the organizations. M&S can be benefit by this as old age staff will perform the job
roles with full honesty so their work will be compeleted on time and it aslo brings customers
trust towards the business. As in M&S their they had made an policy that the workers are not
forced to retire on specific age ie, they can retire according to their wish. So this created an sense
of loyalty of employees towards the business. HR must make different policies for old age
workers and special treatment must be provided to them so that they feel valued and work with
more dedication (Maden, 2015).
Old age workers in John Lewis have an option of flexible working so it makes an
important impact on the organization as old workers are not so energetic so its better to give
them flexible working hours. It is advantageous for the organization as old staff can work more
effectively in flexible working hours. Company follows flexible retirement options to workers so
they are not forced to get retire, this encourages them to do work with more dedication and
loyalty. So by all these reasons its importance to have old age staff in organizations (Maden,
2015).
2. Benefits and limitations of having old age employee in organisation.
Its very obvious that recruiting old age workers is not only beneficial for business but it
has some limitations also. The benefits and limitations of hiring old age workers are as follows-
BENEFITS
Dedicated towards work- The main beenfit of hiring old age staff is that they are very well
dedicated towards their job role (Bringezu and Bleischwitz, 2017) . As every task require
dedication and with proper commitment better results can not be carried out. They do all the task
very sincerely and with full dedication this results in this way that all the organisational task are
carried out in an desired way. So M&S can recruit old age workers for improving its work
progress as because they are well experienced and trained so the business operations of M&S
will be carried out very smoothly.
Punctuality- Old age workers are vert punctual about their work, they perform the roles
assigned to them on definite time (Youngs, Pogodzinski and Galey, 2015). They are more
committed towards the work. When all the business operations are carried out on time the
2