In todays’s age senior citizens are relentlessly struggling along with fresh graduates to secure the same vacancy in the job market. The main predicament this can pose is unemployment in the society and the most viable solution is to ameliorate the pension policies.
Intense competition at workplace is inevitable, but nowadays it is on rise between the aged people and the youngsters. The principal problem this can generate is unemployment in the society. This is because many firms and organizations would prefer to recruit more experienced candidates rather than the fresh graduates, as they do not want to take any risk. In this way, young candidates would not be considered and left unemployed.To back up, medical profession would be a best example to present in which experienced doctors are predilected over young doctors to avoid threat to patients’ lives.
Rationality suggests that to tackle this issue government should devise a pragmatic approach to enhance the pension schemes.The reason which is compelling the old citizens to work is that they do not receive enough pension to support their families. Therefore, they are forced to search for employment after retirement. Government should enhance the welfare strategies, so that the retired employees are benefited from it. A good example to illustrate this is that U.A.E government recently launched a scheme of voluntary retirement with double pension plan so that the retired people are not at financial loss and the vacant jobs can be provided to the fresh graduates.
In conclusion, fierce competition between the old and young citizens in the job market is a complex issue which would create unemployment in the long run. Therefore, government should refine the welfare schemes, so that the senior citizens do not have to work after retirement.