The elderly workforce has more experience and cherishes the comfort of the past and in addition, has a higher aversion to future risk. The younger workforce, on the other hand, workforce cherishes the risk of the future, more daring and innovative
The elderly workforce is a speed breaker to a more risk appealing youthful workforce, thus averting their costly and risky decision errors.
Implications:
A good balance of a mix of more experienced elderly workforce and youthful workforce make for a more resilient, innovative, and stable organization
Courtesy: Austehi Knowledge Consult International
www.austehiknowledgeconsult.com
The elderly workforce is a speed breaker to a more risk appealing youthful workforce, thus averting their costly and risky decision errors.
Implications:
A good balance of a mix of more experienced elderly workforce and youthful workforce make for a more resilient, innovative, and stable organization
Courtesy: Austehi Knowledge Consult International
www.austehiknowledgeconsult.com
