Reasons older workers’ needed. The Canadian researcher, Lavelle (1998)

Reasons for the lack of skilled workers

It is hard to believe that soon, we will have Great Recession which means, a lot of job opportunities will be vacant. One of the reasons is that the number of young people who want to replace retired ones will be low. Barry Bluestone (2011) stated that there could be new jobs created around 14.6 from 2008 to 2018 but as projected population growth mentioned there would be 9.1 million more people want to get jobs and around 5.0 to 5.7 million positions would be vacant. This growth happens if the population of immigrant do not change a lot based on current labour force participation rates. So, the society will suffer for the lack of workers. In addition, boomers decide to work longer for the coming Great Recession and choose to make money to be ready for that time. As a result, there will be more of old employment (55 years or above) who are healthier than the generation before.

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This trend causes that businesses should pay more attention to older employees and their focus should be on older workers’ needed. The Canadian researcher, Lavelle (1998) stated that having old people in a workplace would have many advantages like they are stable more than the younger ones and knowledgeable because of having more work experience although they might need better lighting and loader voicing.

 

 

 

 

Reasons for the lack of skilled workers

As it is mentioned in the bar chart, the percentage of the youth labor is expected to decrease around 1.6 percent from 2008 to 2018. Besides, the share of people who are between 25 to 54 is projected to decline from 67.7 to 63.5 entirely during this period. By contrast, the number of employees above 55 years old has been increasing 5.8 percent in the same period.

Bluestone is worried about the growing share of old people although we will have a shortage of workers. In conclusion, they have more chance to fill available jobs, and this would affect youth’s chance.

 

Reasons for the lack of skilled workers

In conclusion, even the increase will happen to whom are above 55; it is evident that 75% of the workers will still be under 55 years old. Generation Y (born 1979-1997) as Dr Puybaraud (2010) mentioned “on the leading edge of transformational attitudes toward work and the workplace … because they have grown up with the Internet and mobile communications and are digital, globally and constantly connected. They are driving how mobile communication technologies are used, and they are setting behavioral trends that ripple and influence social behavior in other generations”

Moreover, based on her recent study, this generation need to have flexible workplace and they have some traditional values yet. Many of them want the job which has both flexibility and facilities. This option, make their choices limited because, for example, they prefer to work with mobile and technology rather than statistic jobs and want environmentally friendly workplace. So, it is tough to say that Y’ers will choose between options when they cannot have all of them. In other words, maybe they prefer to work in a friendly atmosphere rather than working in an appropriate and high-level skill job.

This trend would affect all businesses in a bad way. There will be a mismatch between available jobs and demands for jobs because of all of the reasons. There are some reports about the impact of this mismatch on the economy which will discuss later.

 For example, the U.S., Germany, and Canada show a new ranking for workers who have left many available jobs unfilled as a combination of skilled workers shortage and low wages based on Indeed site. Reports show than around one-quarter of jobs are still open after 60 days for the U.S. and it is about one-fifth for Canada. (Indeed, 2016)

Mismatch skilled workforce

Economist Sinclair T. (2016) said: “There is still time for these markets to hire workers and boost growth, but it will take increased wages along with skilled workers taking in-demand roles, two areas that have underperformed throughout the recovery.”

She added job opportunity is a good sign for the economy but it is not enough if they are not filled, so it could lead a missed opportunity for workers, people who search for a job, and the economy. Even jobs with the high salary like information technology are empty due to people’s interests because there is not a good incentive for them to gain what skills employers need because they do not train their workers. Indeed, this happens in the developed country, and people should have made their decisions to choose flexible jobs or jobs with high salary. These data are a percent of unfilled jobs after 60 days:

1. United States – 25.84%

2. Germany – 20.00%

3. Canada – 18.70%

4. France – 16.07%

5. United Kingdom – 13.09%

6. Australia – 11.66%

7. Japan – 11.12%

8. India – 10.22%

9. Italy – 9.28%

10. Brazil – 7.2%

11. Russia – 1.84%

12. China – 1.42%