Question

Are there options to experiment with a different mix of ages of staff? Can this be justified given that all team members essential do the same jobs? What are the pros and cons of different options?

Answer 1

It is definitely possible to experiment with different mix with regards to age of staff. For example, younger staffs can be given higher position and responsibilities to lower the overall age of the workforce. This can potentially also reduce the wage bill as younger staff members would have comparatively lower compensation packages.

However this may not be an optimal solution under all circumstances as some managerial level positions require significant experience and hence promoting younger employees to these positions may be counter productive.

To conclude while promoting younger employees at higher level positions might reduce the wage bill and also increase vigor and energy, there is a chance that much needed experience of coping with difficult situations may be lacking and this may result in potential loss for the organisation