Read this article today.
Malaysian employers tend to perceive older workers less favourably compared with younger ones, a global study commissioned by HSBC Bank reveals.
Apparently, young workers are perceived to be more energetic, aggressive and able to work at a higher tempo as they have higher endurance level.
However, older workers ( I mean over 50s) tend to be regarded as seasoned, vastly experienced and loyal..( there are little options of where they can go at this ripe age)
I believe that the COST could be the reason.
Whilst you can offer a young turk for a paltry sum RM2000 as his/her first employment salary,
after hiring, get him/her to work as hard as possible..loading him with the work of 3 or 4 persons..with a promise of a promising career prospect. I am sure a great majority would fall for that. Some made it, some don't
As compared to older workers, a firm can't possibly pay them 'chicken feed' and expect them to work just as hard. Seasoned as they are, they have the guts to demand higher returns for what they have contributed back to the firm. This represents high cost to the firm.
The maxim goes," Why hire a dispensable older worker when you can hire someone who can work as hard but commands one-third his salary?"
So, what should firms do to the older workers after hiring young blood??
Accelerate their departure by offering them VSS ( Voluntary Separation Scheme) i.e. Optional retirement benefits.
http://biz.thestar.com.my/news/story.asp?file=/2006/6/16/business/14543819&sec=business
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2 comments:
Quite true...
Younger has better chances.
Many MNC are giving chances to the fresh grad too... They are providing training programme in different fields and making them their executive staffs or even managers.
They need new blood for ideas!!!
But still... Those with experience still help very much in decision making. They know a lot more from experience.
The only prob is the PAY of those with experience. They usually paid a lot higher than those without experience.
But after all, the net profit of the company will go to the IRB/taxation then only it goes to the shareholders.
So some of the management don't really care on the wages as long as the company is making profit and the shareholders are happy.
:)
Quite true...
Younger has better chances.
Many MNC are giving chances to the fresh grad too... They are providing training programme in different fields and making them their executive staffs or even managers.
They need new blood for ideas!!!
But still... Those with experience still help very much in decision making. They know a lot more from experience.
The only prob is the PAY of those with experience. They usually paid a lot higher than those without experience.
But after all, the net profit of the company will go to the IRB/taxation then only it goes to the shareholders.
So some of the management don't really care on the wages as long as the company is making profit and the shareholders are happy.
:)
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