When it comes to dealing with the aging of the baby boom generation, what are enlightened companies doing?
A) They are encouraging members of this generation to take early retirement since they represent surplus labour.
B) They are outsourcing many of the retirees' job positions.
C) They are supporting a proposed new government policy to raise the retirement age to 70.
D) They are creating programs to retain their best employees through flexible schedules, training opportunities, and creative pay schedules.

Question

Quizplus · Accepted Answer

Enlightened companies are creating programs to retain their best employees through flexible schedules, training opportunities, and creative pay schedules. This is because the baby boom generation has a wealth of experience and knowledge that can benefit the company, and losing them would lead to a loss of valuable institutional memory. Therefore, companies are taking proactive steps to retain and engage these employees, rather than simply letting them retire or outsourcing their positions.

When It Comes to Dealing with the Aging of the Baby