In some countries people are forced to retire when they reach a certain age. What are the advantages and disadvantages?

Many countries the
retirement
age
varies between 60 to 65 years, and many elderly employees are forced to retire when they reach
this
age
. The main advantage of
this
is that the younger population will get employment,
however
, the disadvantage is that
company
may lose a well-experienced employee. One of the significant benefits to retiring forcefully by the organization is that the fresher employee will get the chance to
show
their skills. To elucidate, in many countries, having more trust in their seniors’ employees, often companies do not promote young population to
show
their talent while working. If
such
older employees are compelled to leave at the
retirement
age
, the youngsters’ can
show
their skills and get promotions and good salary.
As a result
, more jobs would be created in companies for them.
For instance
, the well-known
company
in India, Reliance has retired their 60% of aging employees who were at the
age
of
retirement
, created more jobs in the companies, and given the chance to many new employees to
show
their skills. The main disadvantage of
this
trend is that losing the valuable asset of the
company
. It is true that these elderly employees have vast knowledge and wider experience in their respective field since they started working and these talents are a valuable asset to any organization. If they are forced to retire from the job, the organization might lose
such
an asset.
For instance
, Mr Murty, the Project Director, working with Tata Motors and lead many important projects had been forced to retire at the
age
of 60 years, which resulted in delayed a lot in the completion of future projects of the
company
. In conclusion, the positive side of the
retirement
of the elderly employee is that the younger population will get an opportunity to
show
their talent.
Nonetheless
, the
company
might lose its important employees who have experience of many years.
Submitted by jdsmss on

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  • for example
  • for instance
  • therefore
  • however
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  • despite

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