...Baby boomers are the first generation to actively declare a higher priority for work over personal life. They generally distrust authority and large systems. Their values were shaped primarily by a rise in civil rights activism, Viet Nam, and inflation. They are more optimistic and open to change than the prior generation, but they are also responsible for the “Me Generation,” with its pursuit of personal gratification, which often shows up as a sense of entitlement in today’s work force. Because of the fall of the dot.com marketplace, retirement savings of Baby Boomers were decimated and many now find themselves having to work longer than they had planned. A recent AARP survey of 2,001 people born in this era revealed that 63% plan to work...
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...Demographic Paper: Baby Boomers Impact Your name HCS/490 Teacher name When it comes to the Baby Boomers Impact towards the Health Care Systems, there is only one that may wonder how they will as Baby Boomers population and their demographics impact health care systems in future generations. The subject of this reading will address this question and focus on the Baby Boomers population demographics, and explain the changes these demographics will have on health care systems in regard to patient’s needs and services. Along with explain the way demographic data informs companies the way services or products can successfully be marketed to Baby Boomers and how communities and the society needs to work together to correct demographic challenges Baby Boomers will encounter as they age. Population Demographics Most individuals tend to relate to the phrase Baby Boomers to oneself, father, mother, aunt, and uncle or even a grandfather or grandmother. According to the Unites States Census Bureau (2009), describes Baby Boomers as individuals born between 1946 and 1968 and as of 2009 there were 77,329,698 Baby Boomers living in the United States. The American elderly population based on the United States Census Bureau is rapidly growing therefore so will the impact on changing demographics. Impact of Changing Demographics on the Health Care Market According to the Bureau of Labor Statistics (2007), the impact that Baby Boomer changing demographics will have...
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...Applying the Background and Methodology of the Research Process to Problems in Health Care University of Phoenix HCS/465 Shannon S. Smalls Loleater Casey-Evans The purpose of the paper is to show how to develop and understand methodology of the research process when pertaining to manage health care. The process consists of retrieving a peer-reviewed article and applying the research methodology to the article selected. The article selected for the research methodology was Managing Aging Patients written by Robert D’Ambrosia, Jennifer Kilpatrick, and Lene Juel Rasmussen written June 2003. Based on the information in the article will help determine the methods of defining the problem, the purpose of the study, research questions, hypothesis, study variables, conceptual model, the review of related literature and the study design of the selected article. Define the Problem The problem in this scenario is the need to be able to manage and being equipped with the up and coming baby boomers. It has been predicted that 20% of the population in US will be aged 65 years by 2030 it was predicted few years ago because of up and coming baby boomers. We are all aware that the aging Baby Boomer population and with increased life expectancy and more active lifestyles, then in the past generation is beginning and will continue to place a huge demand on medical resources, predominantly from the orthopedic doctors. There will be a quadruple need of orthopedic surgeons than before...
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...Abstract This paper explores four published articles, six books and three web sites that report on results from research about three generations of people over the span of approximately fifty years. The articles and books suggest that there is a strong connection between generations in relation to their experiences, worldviews and beliefs. The information gathered for this research paper is consistent across sources. The paper examines how much each generation influenced the other as its members traveled through their life cycle. Researchers have determined that every generation has a specific characteristic that distinguishes it from the other. In short, the overall effect one generation has on the other depends on circumstances that existed during that period. We will examine generations referred to as Baby boomers, Generation X and Millennials and how their history helped to shape the world today. It is clear that these three generations are distinct in terms of their experiences, worldviews and beliefs. However, it is also evident that history shaped the development of each group, allowing the generation that followed to benefit from earlier periods in history, creating pockets of similarities across the decades. Experiences in their lifetimes The Baby Boomer Generation is the name given to persons born between “1947 and 1966” and was seen as the last generation that effected any great changes on American society. This generation was distinguishable...
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...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory Join Search Browse Saved Papers Search Home page » Business and Management Hershey's Sweet MissionIn: Business and Management Hershey's Sweet Mission Running Head: Hershey’s Sweet Mission Hershey’s Sweet Mission HRM 500 – Human Resource Management Foundations Leslie Medlock Dr. James Ziegler April 27, 2011 Recommend the redesign of Hershey’s performance management system to appeal to the diverse groups that it employs: In answering the above question my recommendations of the redesign of Hersey’s performance management system to appeal to the diverse group that they employee would be to keep their current designed performance management system. Their redesign system caters to two specific generations, the baby boomers and the younger generation. Hershey has a system in place in which the baby boomers train/mentor the new “millennial” worker (employees in their twenties) due to, “the baby boomers tend to be interested in leaving a legacy, making the world better, so they generally are enthusiastic about mentoring their younger colleagues” (Noe, Hollenbeck, Gerhart, Wright, 2011). The baby boomers are role models, coaches, and advocates for Hershey. Mentoring gives them opportunities to utilize their abilities, experience, and wisdom both to their own benefit and that of Hersey’s to guide the younger generation employed with the company. Hershey...
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...E.Mail Address | Khadijah Mohamad Radzi | CGA130056 | 019-6795231 | khadijah.fahim@gmail.com | Nasira Banu Rahim Khan | CGA130106 | 019-3612038 | nasira@bnm.gov.my | Yu Kong Cing | CGA120010 | 012-6842818 | kcyu@fella.com.my | Prepared for DR. MOHAMMAD NAZRI BIN MOHD. NOR Submission Date: 15 May 2014 Due Date: 19 May 2014 Word Count: 3859 Content | Page | 1.0 Executive Summary | 1 | 2.0 Background of Study | 2-6 | 3.0 Problem Statement | 6-8 | 4.0 Research Question | 8 | 5.0 Objectives of Study | 8 | 6.0 Literature Review | 8-9 | 7.0 Discussion | 9-12 | 8.0 Recommendation | 12-15 | 9.0 Conclusion | 15 | 10.0 References | 16 | 11.0 Appendix 1 – Organizational Chart | | 1.0 Executive Summary The purpose of this paper is to study the differences and similarities of four generations of FELDA workers and the implication of it to the organization’s competitiveness. FELDA has been chosen for the study because it is a unique organization involved widely in business as well as community development in 319 Felda Settlements. With a total employee of 3,990 people working locally and overseas it is truly a challenging task for the management to keep pace with the diversity in the workplace. As we want to have an effective relationship with other human...
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...Organization in Relation to Baby Boomers Retiring Name: Institution: The Financial Impact of Medicare Rates on a Health Service Organization in Relation to Baby Boomers Retiring Baby boomers are adults nearing retirement age and also those who have already retired particularly from 65 years and above. It is the population that was born between the years 1946 and 1964 (Howard, 2009). Baby boomers retire each day in the U.S, and this compromises health care delivery in health service organizations. Today, long term care is in crisis especially in the United States. Statistics indicate that the current health system in the nation is not meeting the needs of baby boomers. This is expected to worsen as according to the census bureau in US; the number of baby boomers is expected to be 77million by the year 2029 (as cited in Richard & Corina, 2010). Baby boomers affect health service organizations financially in that they require critical, attentive and in most cases expensive care. In respect to this, many of them lack Medicare insurance, and this becomes a problem. The massive number of retiring baby boomers will put pressure on the current healthcare system. Approximately three million baby boomers retire each year. Baby boomers impact on health care is overshadowed due to budget battles and federal reform. This paper explores the financial impact of Medicare rates on a health service organization in relation to baby boomers retiring. As the number of baby boomers increase due to retirement...
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...in Relation to Baby Boomers Retiring Name: Institution: The Financial Impact of Medicare Rates on a Health Service Organization in Relation to Baby Boomers Retiring Baby boomers are adults nearing retirement age and also those who have already retired particularly from 65 years and above. It is the population that was born between the years 1946 and 1964 (Howard, 2009). Baby boomers retire each day in the U.S, and this compromises health care delivery in health service organizations. Today, long term care is in crisis especially in the United States. Statistics indicate that the current health system in the nation is not meeting the needs of baby boomers. This is expected to worsen as according to the census bureau in US; the number of baby boomers is expected to be 77million by the year 2029 (as cited in Richard & Corina, 2010). Baby boomers affect health service organizations financially in that they require critical, attentive and in most cases expensive care. In respect to this, many of them lack Medicare insurance, and this becomes a problem. The massive number of retiring baby boomers will put pressure on the current healthcare system. Approximately three million baby boomers retire each year. Baby boomers impact on health care is overshadowed due to budget battles and federal reform. This paper explores the financial impact of Medicare rates on a health service organization in relation to baby boomers retiring. As the number of baby boomers increase due to...
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...Future Healthcare Needs of the Baby Boomer Generation Thomas Edison State College December 8, 2013 Introduction As the general population ages, the large group known as the Baby Boomer Generation has the potential to put enormous strains on the healthcare system. The Baby Boomer Generation is defined as those people born between 1946 and 1965 ("Baby boomer," 2013). The focus of this paper centers on the medical needs required for this generation and how the baccalaureate prepared nurse (BSN) will help provide care for them. According to the United States government, the nation’s population of those over 65 will balloon from 40.2 million in 2010, to 88.5 million in 2050 (Vincent & Velkoff, 2010). Baby boomers will be responsible for this increase. A 2010 study compared the war time generation, those born before 1946, to the baby boomers. According to the study, the baby boomers are more prone to be heavier, and have a higher incidence of hypertension, diabetes and mental illness (Rice, Lang, Henrey & Melzer, 2010). The doubling of those in the over-65 age bracket, coupled with the results of this study, will undoubtedly put a massive strain on the nation’s healthcare system. Special Needs for Baby Boomers In order to gain insight on the needs of the baby boomers, a BSN prepared nurse who cares for this population was interviewed. This nurse earned her degree from Seton Hall and is currently matriculating...
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...homepage: www.elsevier.com/locate/jretconser Generation Y vs. Baby Boomers: Shopping behavior, buyer involvement and implications for retailing Anders Parment Stockholm University School of Business, Stockholm University, Department of Marketing, S-106 91 Stockholm, Sweden a r t i c l e i n f o Available online 29 January 2013 Keywords: Generational cohorts Generational marketing Market segmentation Generation Y Baby Boomers Consumer behavior Purchase involvement Retail strategies abstract This paper presents some significant empirical findings about generational cohorts and their shopping behavior. Marketing has long relied on the use of market segmentation. While birth age has been a useful way to create groups, it describes segments but does not help to understand segment motivations. However, environmental events experienced during one’s coming of age create values that remain relatively unchanged throughout one’s life. Such values provide a common bond for those in that age group, or generational cohort. Segmenting by ‘coming of age’ age provides a richer segmentation approach than birth age. This study compares two significant cohorts: Baby Boomers and Generation Y, with respect to their shopping behavior and purchase involvement for food, clothing and automobiles. For the three types of products, Baby Boomers value the retail experience and in-store service higher than Generation Y. For Baby Boomers, the purchase process starts with a retailer the consumer trusts...
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...Demographic Paper Your name Course # Date Instructor Name The aging population and the Baby Boomers are becoming a dominant demographic in the United States. The Baby Boomer generation is the biggest generation in American history. There are approximately 75 million people in America. The average life span and the age of retirement has increased, the need for medications for a longer period , and chronic illnesses are examples of how the aging population and the Baby Boomer generation will contribute to changes in the health care field. “Future and current demographics play an important role in determining the supply and demand of health care workers” (HRS, p. 3). Projected demographics that will affect health care include the increased life span of the aging population, and geographic location of the population. The rise in the population percentage of the elderly over the next decade will cause a n increase in the demand for more health care workers, and medications. Concerns that the demands for health care professionals will not be met because of the financial stress placed on Medicaid, Medicare, private insurance companies, and the patients out of pocket expenses. Many physicians are in the same demographic as the aging population. These physicians may retire around the same time. The healthcare for the elderly population will increase will less physicians to care for them. Positive changes to the health...
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...America Term Paper October 11, 2011 Ageism in Corporate America 1 Ageism is discrimination against any person based on their age; specifically against the elderly. I would like to focus on ageism in corporate America and the effects on Baby Boomers , Generation x, and Generation y. Today ageism is alive and well in corporate America. It seems the older workers or the baby boomers are effected the most. At the other end of the spectrum you have Generation y fresh out of college with no experience effected by the economy. The whole spectrum of ages are greatly effected in todays economy. We are seeing more and more of generation mixing in corporate america. You have the Baby Boomers who have been with a company for twenty plus years who still writes hand written letters sitting next to Generation y ,who are extremly tech savvy and fresh to the company. Then you have Generation x (ages 29- 42) who is familiar with communications, media and digital technologies and are also feeling the affects of ageism in corporate America. Baby Boomers are the...
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...Retirement of Baby Boomers How Does It Affect Canadian Economy Table of Contents Introduction 3 1. Labor Market 3 1.1 Employment and unemployment rate 6 1.2 Employment rate and unemployment rate in long run 8 3. The Effects on Government’s Health Care Spending 14 4. Education 16 5. Standard of living 17 5.1 Increase productivity 19 6. Pension Plans 19 Conclusion 20 * Introduction The term baby-boomers refers to everyone who were born during the post-World War II, during the years 1947 to 1968, during which time there was a dramatic increase in the birth rate. It is estimated that 97% of the baby-boomers are still alive, which is about 8.5 million individuals. For a past decades, these baby-boomers have controlled and shaped many aspects of our economy, environment, and culture. But as this aging population is coming close to retirement, it could have serious impact on our society. In the coming years, there will be more retirees than worker, which could pose as a great issue in our economy. This paper will analyze the impact of this phenomenon on Canadian labor market and the level of investment, how this could reshape the government budget, and how it is going to affect the Canadian’s standard of living. 1. Labor Market It is quite clear that the retirement of baby-boomers has a big impact on the labor market. Some describes this as a “ demographic time bomb” for the nation’s labor force. Baby-boomers make up one-third of Canadian...
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...The article attempts to explore the work values in the hospitality context and analyze them further through the lens of generational differences on a multi dimensional level. What makes this research unique is the scope, which covers all 3 aspects: multiple dimensions of work values, importance of these work values to people across 3 generations and a focus on Hospitality industry. The author’s approach is to find and shortlist research done on identification of work values, dimensions or factors under which they exist and the importance given to them based on the age of individuals (generation aspect). Post selection of a suitable research covering these criteria, the author attempts to apply these on a sample size from the Hospitality Industry to understand and report the relevance and findings. The sole reason of attempting this study is to analytically approach the challenges faced by human resources in managing a work force that is diverse and consists of different social & demographic profiles. The author believes that understanding of this would lead to better recruitment and retention strategies of managerial workforce in the hospitality industry. Short listing of available research: a) Research on Work Values: Many studies have been conducted on identifying work values in an institution, (Elizur, 1984; Hofstede, 1980; Mok et al., 1998; Pryor, 1987; Rokeach, 1973; Sagie et al., 1996; Super, 1970, 1973; White, 2005; Zytowski, 1970, 1994). Of these, the author chose...
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...Robbins and Judge (2009) observed that since the average age to enter the workforce is between 18 and 23, the cohorts are loosely based on the chronological age of their demographic and ostensibly reflect the dominant values and job attitudes of their representative generations (p.119). This paper is a systematic discussion of three topics related to contemporary work cohorts: (a) the reality and specifics of the management issues associated with having a multigenerational employee base, (b) the profiles of each of the four generations that compose the workforce today, and (c) advice for company leadership on turning the diverse perspectives of a cross-generational workforce from challenge into advantage. The Significance of the Generational Gap at the Workplace The fact that the phrase “generational gap” is part of everyday vocabulary, suggest that the phrase denotes something real, which makes the theory appear prima facie true. Furthermore, in light of the amount of literature concerning the theory of contemporary work cohorts, it becomes easy to take the validity of the theory for granted. Some critics, however, argue that due to the theory’s limitations, which include lack of rigorous research on generational values, limited intercultural application, and the imprecision of the categories that tend to ignore individual...
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