Older Employees

Retaining the Old Employees

Introduction

Companies nowadays are obsessed with cost cutting, and employee layoff is the first practice done by them. Many a times layoff positions often belong to aged employees near the age of retirement. This result in bias against older employees in favor of young employees. But on the part of companies there are certain complex implications which have to be upheld. For that reason companies try to get rid of old employees because they increase financial liabilities (Callen, 2010).

When faced by the situation to retire aged employees, companies must go ahead with the Plan cautiously and with unbiased ...