The impact of the retirement of baby boomers reflects the role of _____ as an external factor influencing the organization.Group of answer choicesglobalization and offshoringsocial networkinga highly educated workforcetechnologychanging workforce demographics
Question
The impact of the retirement of baby boomers reflects the role of _____ as an external factor influencing the organization.Group of answer choicesglobalization and offshoringsocial networkinga highly educated workforcetechnologychanging workforce demographics
Solution
The impact of the retirement of baby boomers reflects the role of changing workforce demographics as an external factor influencing the organization.
Here's why:
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Baby boomers are a significant portion of the population, born between 1946 and 1964. As they retire, they leave a large gap in the workforce.
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This demographic shift changes the composition of the workforce, with a larger proportion of younger workers and fewer experienced older workers.
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Organizations must adapt to this change, which may involve changes in hiring practices, training programs, and workplace culture.
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Therefore, the retirement of baby boomers is an example of how changing workforce demographics can influence an organization.
Similar Questions
Which of the following is an internal factor influencing the organization?Group of answer choicesGlobalization and offshoringChanges to employment lawsHealth-care costsAging baby boomersCompensation and benefits administration
Which of these is the most likely reason for Baby Boomers' contribution to nearly half of the total US spending ?*2 pointsLate stage of their working careersYoung and energeticHigh income levelsRetirement Wealth
Which of the following statements is true of baby boomers?Multiple ChoiceThey represent people born between 1930 and 1945.They are completely gone from the workforce.They are not actively pursued by many small businesses.They prefer to work virtually.They are an unprofitable market segment.
What trend is occurring in the labour market with baby boomers?Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.aBaby boomers may be eligible for retirement but will delay it.bBaby boomers will be the only generation to have organizational pensions.cBaby boomers will live longer than younger generations.dBaby boomers require greater accommodations in the workplace.
How does demographic shifts affect businesses in the external environment? A. Reduces market diversity B. Increases workforce productivity C. Influences consumer preferences D. Limits globalization
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