The risk and benifits of younger workers Essay Example | Topics and Well Written Essays - 500 words

The risk and benifits of newborner workers - Essay ExampleThis means that an individual who comes in as a fresh graduate at his basic job will require to be informed about company protocols and how things are make within the company. It may take them a day to larn all they need to know for some positions plainly for others they may take more than a month of dedicated training and may even need continued guidance while they are performing their duties for the company.At the same time, this investment made by the company may not be recuperated or even lead to substantial benefits for the organization if the individual decides to leave the company within a year of joining. In this case, all that the company would have done is to train a person in order to enable them to find a better paying job. Of course retention is also a get around of the HR departments duties but training is an investment in people which entails its own risks.On the other hand, there are significant advantag es towards recruiting individuals with weeny or no experience and the immediately visible business benefit is to the bottom line of the company since a fresh graduate has to be paying(a) a lot less than a person near the age of retirement who can demand a salary which is equal to the one given(p) to the companys directors. Of course an older person with experience might be able to bring a lot more to the table but the company has to balance how much it can afford to spend on recruiting and retaining such a star performer or business guru.Additionally, pouring young blood into the company will have the advantage of giving the company new ideas and heartbeat familiarity with new engineering science which may not be cognize to older individuals. Again, in this case training can be useful as exemplified by GE which continually recruited individuals who were intimately familiar with computer technology in order to teach the older people working in much higher positions on how to us e things such as email and instant messaging (Welch, 2005). Overall, the cost