The Impact of Aging Population on Organizations: The Silver Tsunami

Running head: THE SILVER TSUNAMI
THE SILVER TSUNAMI
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Introduction:
The aim of this paper is to discuss the effect of the aging population on the production
and process of the organostions operating in the market of America. This aging population
issues has been termed as the silver tsunami which has started impacting on the industries,
economies of the countries and the capabilities of the workforce. The main concern of this
ageing population relates to the increasing demands of the healthcare support and growing
limitations of the human resources of the country (Robison et al., 2014). According to the
National Center for Health Statistics has pointed out that less than one quarter of the adults of
the US over the age of 65 are being identified with the poor health or health issues limiting
their abilities to work in the firms and support the economy of the country (Cdc.gov. 2019).
This paper will be discussing the issues relating to the ageing employee issues in
UnitedHealth Group.
The main problem of the organizations of the country in relating to the aging
population that leads them to loss their valuable resources. In addition to this, the
organizations lose a huge amount of knowledge which these employees used to possess. This
leads to the reinvestment of the companies in the employee training process, allocation of the
resources and accommodation system. This paper therefore will be discussing the
organizational issues relating to the workforce growing older within the next five years and
retiring from the organizations vacating a large amount of resources and how these loss can
be mitigated within a limited period of time. This paper will be discussing the organizational
issues in general by focusing on the organizational culture.
Section 2:
There are various issues related to the organizational operation in this global context.
Among them the management of the human resource is one of the most important because

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the human resource of a company is the biggest asset that it has. Therefore when the
organizations expand in other countries try to incorporate the national culture of that
particular market in their own organizational culture. The main problem has been the baby
boomers who were the driving force of the globalization of economy and business are
gradually working. This is affecting the healthcare system of the world especially the US.
The companies try to recruit new talents for increasing the project scopes and their operations
HRM therefore faces major challenges regarding the selection of the best candidates and
making then familiar with the organizational environment and culture. The human resource
manager while recruiting a candidate does not depend upon the technical skill but also take
care of the other personal factors and adaptation skills so that he can mingle in the
organizational culture. In this regard the organizations face some issues like retention,
productivity training, health and safety and the workforce diversity (Cook & Grove, 2012). In
order to keep pace with globalization the companies are being flexible in hiring different
types of candidates from different cultures. Now if the employees are being aged, the
organizations will lose their experience and depend upon the healthcare system.
The organizations now a days are trying to bring diversity in the workforce so that
people from different age, educational background and education can work under one
particular system and increase the possibility of success (Davis & Roberts, 2010). In order to
increase diversity in the workforce the issues like bullying, discrimination, harassment and
other related issues may arise. For this reason the human resource management formulate and
implement the regulations of the organization.
It is not only the recruitment process which strength and the capability of the
workforce but also the process of managing the human resource and retaining them within the
organization. For various reasons, the employees can leave their organization. These include
better chances in the same industry, salary gap and retirement due to age. In this case there

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are two types of issues which the organizations usually feel. These include the demand of the
expert advice and the contingent workforce. The personal with better technical knowledge
and professional knowledge are the most demanded persons in the job market. These
employees are assets of the company hence human resource managers focus on maintaining
these type of employees (Hassmiller & Cozine, 2006). On the other hand the part time
workers or temporary contract employees create challenges for the company as they have
little attachment with the organization. Therefore these become a major duty of the HRM to
maintain such employees.
Regarding the management of the human resources of the companies, they feel
pressure in the process of training as issues related to the type of training programs and
making them effective to reach the target groups of UnitedHealth Group. Finding out all the
factors which affect the training such as cost, location time and other resources may not be
available all the time. This is why the organization faces problems in employing and utilizing
skills of the employees.
The organizations also face issues when they cannot perform properly and get
unsatisfactory results. Due to insufficient workers and inadequate resources the company fail
to maximize its profit. Therefore they find out new and alternative resources for sufficient
input to face search issues. In UnitedHealth Group, works to explore tremendous potentials of
the digital health care, helping develop solutions that are consumer-centric, integrated, simple
and safe (Unitedhealthgroup.com, 2019).
Finally the organizations also face problem when it comes to the question of Health
and safety of the employees it is not only salary that matters to the Employees but also their
needs of being secure and supported by UnitedHealth Group for which they are working. In
this cases the companies can face issues in providing Health Insurance to their employees as
they lack proper health information about them. The elderly employees of the organization do