Some people argue that it is not wise for an industry to replace its experienced but old workers with new and young yet inexperienced individuals. To what extent do you agree or disagree?

Nowadays, almost all the companies are looking to enhance their position in their respective sector to achieve

this

they are implementing a wide range of thoughts to reach their goals. Companies are not willing to retain their employees once they reached the retirement age. I agree with the thought process of the firms, which are replacing their well experienced and senior professionals with teenagers who are lacking in experience.

This

essay will discuss the reasons behind the changeover in the ideology in the business sector. To commence with, The companies which are having their total average age of employees more than 40 years are performing less compared to their arch rivals,

this

is due to the reason that the senior workers cannot produce that much productivity as they were yielded in their teenage. So, it is a drawback for the management to continue with them.

For Instance

, a recent survey conducted by “TIMES” Magazine reflected that, the growth rate of business firms is higher for those who employed more young people than the senior and experienced professionals.

In addition

to

this

, The Management tends to cut their annual expenditures by reducing their senior employees who are getting higher salaries.

This

is because; the firm should pay their employees’ wages irrespective of their turnover

this

sometimes may be a burden for them.

For example

, if a management is running in deficit

then

this

idea would be a great relief for them.

On the other hand

, some people may argue that, replacing the experienced and adroit persons will affect the business and the productivity, but

this

is not so convincing because, the same can be achieved by training the new young and inexperienced people with in no time.

For example

, in 1998 a gas refinery in the USA, has terminated their senior employees to recruit new, inexperienced people

this

proved costly for them and results in a loss of about 1 Million dollars in a month. In conclusion, it is a good solution to implement by replacing the senior employees with new and inexperienced people to strengthen the productivity by making them to work for more hours by paying less amount of money and

hence

to limit the expenses of the firms though. It is a bit expensive to train them, but

this

is a short term process,

however

the results will be much better in future.