Which of the following is a reason why the aging of the workforce is a significant concern for HR managers today?
A) When older employees retire, their knowledge and skills are lost.
B) Retiring baby boomers need to take time from work to care for children.
C) Employers pay increased medical costs due to the increasingly younger workforce.
D) The turnover rate among older employees is costly for employers.
E) Older employees do not contribute to diversity in the workforce.

Question

Quizplus · Accepted Answer

As older employees retire, their knowledge and skills that have been acquired over a long period of time are lost. Consequently, the company may fail to transfer institutional knowledge to newer employees. This can lead to a skills and knowledge gap that can have a negative impact on productivity and company performance.

Which of the Following Is a Reason Why the Aging