2.

Some people believe that to give opportunities to the new generations, companies should encourage high level employees who
are older than 55 to retire. Do you agree or disagree?

AGREE opportunities to the new generations companies should encourage high level employees who are older than 55 to retire
-Great idea because:
-it opens up the employment marketplace
-it encourages investment in graduate schemes
-it's cheaper because new employees generally cost less than older experienced ones

Businesses by new generations would make a huge income because of the creativity they could implement at work, EG Facebook
was founded by a young creative team.

and if the government provided them with a chance to start a business, then the chance to have successful startup would be
great.
Example is Facebook


The health insurance for older employees is much higher than young employee, and if the company pay for the insurance as in
Middle East, then that would cost the company a fortune
.

Businesses by younger generations would make a huge income because of the creativity they could implement at work, and if the
government provide them with a chance to start a business. Furthermore it is well known that companies often have to invest heavily
in the upkeep of market knowledge, and retraining of older employees. For example , an extensive by the university of Toronto
showed that most of the companies invest over 100k Canadian Dollars every year to maintain the knowledge of old employees
consistent with the market . Thus it is possible to state beyond doubt that companies can financially benefit by hiring young and
educated candidates.


B - TEAM
Kirtan
Vinod
DISAGREE opportunities to the new generations companies should encourage high level employees who are older than 55 to retire
Bad idea because the over 55s need to make a living

Inexperienced lower salary employees might make mistakes while taking important decisions, which could lead to terrible financial
loss or closure of the company.


If the workers are entering the workforce sooner then they will be paying taxes and contributing towards higher tax revenues for the
government.

Due to exposure of updated technology and knowledge, recruiting younger candidates is more cost effective for the company as it
would not need to train them to keep up to date with the industry
.

For example, recent studies revealed that if organizations depend too much on lower experienced employees, it often leads to severe
financial crisis for 25% of the multinational organizations, because of a lack of in-depth knowledge on market economics.


elderly people OFTEN have more insights . they posses better cognitive skills such as big picture thinking and long term vision. older
ones can USUALLY overcome countless difficulties and challanges prior they can quickly adjust their mood in difficulties obstacles
and MORE OFTEN THAN NOT lift the morale of whole organisation

EG