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lt in major increases in health cover costs to the company. Older workers tend to have severe injuries & take longer to recover. This will impact negatively to the organisation in terms of profits as employees tend to be unavailable to work. It is important that organisations understand the situation & work towards achieving their goals. Human resources need to work with the management to ensure that older workers are taken care of in terms of having a healthy work life.

总结-Conclusion

The Australian government's recent decision to increase the pension eligibility age criteria to 67 years has become a major talking point in the business industry. Workers have been made to work 2 more years that has not gone well with working community. The above report researches the main implications that would occur to organisations if the pension eligibility criteria increased.

The main implications are as follows.

The importance of mature aged workers

The myth that older people cannot contribute

Intergenerational tensions between older & younger workers

Younger workers being deprived of promotions

Health issues

Managing older workers

The above factors describe the positive & the negative aspects to the organisation. Mature aged workers have been a positive addition to organisations in a way as they help to train younger employees the correct way that they were thought in the past. This is very important to an organisation as it decreases any training costs involved. The younger trainees will have the opportunity of gaining valuable experience from working alongside an experienced worker. Retention of older workers till their 67 can help in a way as it will help to build the next generation.

The writer also found that there are instances where older workers have limited knowledge on new technology that could seem as a disadvantage when working with younger people. This is a negative implication that could occur through this new scheme.

This new scheme has also brought tension between these two parties as younger people tend to ignore the ideas that their elder peers have. The writer also found that older employees are trying to adapt with the younger clang as much as possible to mitigate any tension between the two. The writer feels that HR can develop a program where these workers can communicate with each other much efficiently so that, it will diminish the misunderstandings they have with each other.

The report also discusses the fact that younger people are changing jobs quite regularly due to the lack of promotion opportunities within an organisation.

The most important fact is that organisations need to better manage their employees in a situation such as this as it could hamper the organisation if not managed sufficiently. In a way the new scheme can be deemed disadvantageous as there are too many cons than pros.
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