The Importance of Age Diversity in the Workplace - BLOG 1

 

The Importance of Age Diversity in the Workplace

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Introduction

Age diversity is the acceptance of all age groups in the workforce or can be explained as the potentiality of an organization to accept employees of different age categories within the organization’s working environment. Outlooks, attitudes, behaviors, and expectations always tend to vary from one generation to the next. Still, with the right planning and consideration, employers can leverage the individual strengths of their workforce and compete more effectively in their respective marketplace.

The Benefits of an Age-Diverse Workforce

Age diversity can boost organizational performance. HR practices lend themselves to improving the age diversity climate to lower employee turnover and improve company performance. Studies also tell us that the productivity levels of both younger and older workers are higher in businesses with mixed-age teams.

  • Buildup business and team performance.
  • Broaden the skillsets and experience within a team.
  • Different perspectives support innovation.
  • Reduce employee turnover.
  • Great platform for mentorship.

By accepting and enhancing people of different ages in a professional environment, employers can foster a productive and inclusive culture, something any organization of any size can benefit from.


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What are the Five Main Generations of Employees in the Workplace?

  • Silent Generation: those born between 1925 – 1945.
  • Baby Boomers: those born between 1946-1964.
  • Generation X: those born between 1965-1983.
  • Generation Y / Millennials: those born between 1984-1996.
  • Generation Z / Gen 2020: those born between 1997-mid-2000s.

Positive and Negative effects of Age Diversity,

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Age Diversity Conclusion

Understanding and consciously working with generational differences in the workplace will enable you to maximize your employees’ contribution at work, give them enhanced direction in their careers, and thereby better align themselves with the purpose of the organization according to their generational perspectives and experiences.

With five generations now working side-by-side, it is an area of planning not to be neglected; your company’s future success may depend upon it.

References

  1. Available at https://www.shrm.org/foundation/ourwork/initiatives/the-aging-workforce/Documents/AgeDiverse%20Workforce%20Executive%20Briefing.pdf.[Accessed on 27th April 2023]
  2. Uschi (2019)The Impact of Aging and Age Diversity on Company Performance[online]
    Available at https://www.researchgate.net/publication/228270538_The_Impact_of_Aging_and_Age_Diversity_on_Company_Performance.
    [Accessed on 27th April 2023]
  3. Available at https://www.oecd-ilibrary.org/sites/15f92878-en/index.html?itemId=/content/component/15f92878-.[Accessed on 27th April 2023]
  4. 4Corner (2021) The Importance of Age Diversity in the Workplace [online]  Available at https://www.4cornerresources.com/blog/the-importance-of-age-diversity-in-the-workplace/.[Accessed on 27th April 2023]
  5. Mentor works (n.d) Gaining Experience from Age Diversity in the Workplace [online]
     Available at https://www.mentorworks.ca/blog/business-strategy/multigenerational-workforce/
    .[Accessed on 27th April 2023]

Comments

  1. MafazApril 26, 2023 at 3:25 PM

    I do agree with you. A diversified workforce is important for organizational growth.
    The young generation is required due to the knowledge of technology, more commitment, energy etc...
    The old generation is required due to their experience, skills etc...
    There will be conflicts due to age diversity in the workplace which needs to be managed.

    ReplyDelete
  2. Himani MBA 2023April 26, 2023 at 11:40 PM

    Usually in workplace we have people of different generations. I think it will affect in a positive way for the organization. Your article is very explanatory.

    ReplyDelete
  3. Rubinie RajendranApril 27, 2023 at 9:40 AM

    you clearly explained about age diversity in workplace, the figure clearly explaining the positive and negative of age diversity.

    ReplyDelete
  4. SATHEESHApril 27, 2023 at 8:01 PM

    Wow nice topic and good knowledge sharing. Yes all true and realised now. Thank you for sharing mahinda

    ReplyDelete
  5. Mahinda MBAApril 29, 2023 at 8:31 AM

    Thanks Satheesh

    ReplyDelete
  6. Srimali MBA 2023April 30, 2023 at 12:10 AM

    This is really valuable Topic related to HRM.You have explained it nicely .Well done

    ReplyDelete
  7. FazilMBA2023May 4, 2023 at 5:25 AM

    For an organization, having a diverse workforce is crucial.
    The works of the younger generation is differ from old generation.

    ReplyDelete
  8. CHATHURANIMay 5, 2023 at 12:10 AM

    Age diversity in the workplace is critical for organizations. It can do the best for the organization because employees of different ages have different experiences, work capacity, ideas and abilities. By matching them with each other, an organization can do its best. Your article is very successful.

    ReplyDelete
  9. Sameer MBA 2023May 5, 2023 at 4:27 AM

    wow, nice work mahinda !!!!!

    ReplyDelete

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