Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited. Deakin Business School is accredited by AACSB. MMH230 – Fundamentals of Human Resource Management Trimester 1, 2019...

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‘As individuals live longer, and their careers extend beyond the traditional retirement age, Human Resource professionals will increasingly find themselves responsible for managing a workforce whose ages range across six or more decades. Such age diversity offers an exciting challenge’


Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited. Deakin Business School is accredited by AACSB. MMH230 – Fundamentals of Human Resource Management Trimester 1, 2019 Assessment Task 1: Written Analytical Essay (Individual) DUE DATE AND TIME: Week 8, Monday 29 April 2019, 5:00 PM (AEST) PERCENTAGE OF FINAL GRADE: 40% WORD LIMIT 3000 Words (excludes the reference list) Learning Outcome Details Unit Learning Outcome (ULO) Graduate Learning Outcome (GLO) ULO 1: Your ability to identify and explain SHRM frameworks, theories, concepts, and processes, and the broader legal context within which SHRM is performed, as is appropriate to the essay topic. GLO 1: Discipline-specific knowledge and capabilities GLO 3: Digital literacy GLO 4: Critical thinking ULO 3: Your ability to collect, integrate and critically analyse theoretical and empirical information using standard research techniques and produce a clear and logically written discussion around specific SHRM issues / scenarios, as is appropriate to the essay topic. Assessment Feedback Students who submit their work by the due date will receive their marks and feedback on Cloud Deakin on 20 May by 5:00pm. https://www.efmd.org/index.php/accreditation-main/epas http://www.aacsb.edu/ Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited. Deakin Business School is accredited by AACSB. Assessment Task Requirements: Topic Statement: ‘As individuals live longer, and their careers extend beyond the traditional retirement age, Human Resource professionals will increasingly find themselves responsible for managing a workforce whose ages range across six or more decades. Such age diversity offers an exciting challenge’ Task: Individually, research and write an analytical essay which uses relevant human resource management (HRM) theory, empirical research evidence and other authoritative sources to examine and critically evaluate: - the multi-generational nature of the Australian workforce - both the HRM challenges and potential benefits an age diverse workforce creates - the HR practices organisations need to adopt if they are to manage an age diverse workforce in a strategic and productive manner, whilst also meeting the needs of their multi-generational employees. Presentation: A professional-looking document builds credibility. Your essay should be presented in a reader-friendly way, so please ensure it: o has a title page o is written in essay format o is in 12pt font o is 1.5 spaced with 2 cm margins on each side o has numbered pages o uses correct in-text referencing (Harvard system), and o includes a reference list which is correctly formatted (Harvard system) and begins on a new page. https://www.efmd.org/index.php/accreditation-main/epas http://www.aacsb.edu/ Page 3 of 4 Submission Instructions Each individual student is to submit an electronic copy of their assignment online in the assignment drop box provided in the MMH230 Unit Site (accessed via Deakin Sync). Your assignment will be counted as ‘on time’ if submitted by 5:00pm AEST or AEDST on the due date. If necessary, you can look up your local time at http://www.whitepages.com.au/wp/helpfulInfo.do?category=info&item=worldTime. You must keep a backup copy of every assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy. Any work you submit may be checked by electronic or other means for the purposes of detecting collusion and/or plagiarism. When you are required to submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment dropbox folder after upload, and check for, and keep, the email receipt for the submission. If technological problems are encountered assistance should be sort from the IT Helpdesk, and a work request number sought in case it is needed when requesting an extension on these grounds. Academic Honesty Declaration When submitting the assignment online in the MMH230 Unit Site you will be asked to confirm the following academic honesty declaration: DECLARATION By clicking on the Submit button, I certify that the attached work is entirely my own (or where submitted to meet the requirements of an approved group assignment is the work of the group), except where work quoted or paraphrased is acknowledged in the text. I also certify that it has not been previously submitted for assessment in this or any other unit or course unless permission for this has been granted by the Unit Chair of this unit. I agree that Deakin University may make and retain copies of this work for the purposes of marking and review, and may submit this work to an external plagiarism- and collusion-detection service who may retain a copy for future plagiarism and collusion detection but will not release it or use it for any other purpose. Notes Extensions: Extensions can be granted for circumstances beyond your control such as documented serious illness or for compassionate reasons under special circumstances. Extensions can only be approved by the Unit Chair, Dr Kerrie Saville. Please email your request to [email protected] before the due date. You will be asked to provide evidence to support your request and a draft of the work completed to date. Where an extension is approved you will http://www.whitepages.com.au/wp/helpfulInfo.do?category=info&item=worldTime mailto:[email protected] Page 4 of 4 be given between 1 day and 2 weeks to submit your work. https://www.deakin.edu.au/students/studying/assessment-and-results/special- consideration Work or holidays or other assignments are NOT grounds for an extension – you are expected to manage these issues as part of your studies. You are strongly encouraged to start early and to continually backup your assignment as you progress. Computer crashes or corrupted files will NOT be accepted as valid reasons for an extension of any length. • Penalties for late submission (with no approved extension): In accordance with sections 46 and 47 of the University’s ‘Assessment (Higher Education Courses) Procedure- Penalties for Late Submission of Assessment Tasks’, the following marking penalties will apply if you submit an assessment task after the due date without an approved extension: 5% will be deducted from available marks for each day up to five days, and work that is submitted more than five days after the due date will not be marked. You will receive 0% for the task. 'Day' means working day for paper submissions and calendar day for electronic submissions. The Unit Chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the task after the due date. In accordance with this policy, the late penalty on this assessment task, due by 5pm April 29 2019 (AEST), in which a total of 40 marks are available, will therefore be calculated as follows: 1 day late. Penalty 2 marks (0.01 to 23.59 hours after due time and date, shown in hours on Cloud Deakin Drop Box) 2 days late. Penalty 4 marks (24-47.59 hours after due time and date, shown as 1 day on Cloud Deakin Drop Box) 3 days late. Penalty 6 marks (48-71.59 hours after due time and date, shown as 2 days on Cloud Deakin Drop Box) 4 days late. Penalty 8 marks (72-95.59 hours after the due time and date, shown as 3 days on Cloud Deakin Drop Box) 5 days late. Penalty 10 marks (96-119.59 hours after the due time and date, shown as 4 days on cloud Deakin Drop Box) Dropbox closed 5pm May 4 2019 AEST. • For more information about academic misconduct, special consideration, extensions, and assessment feedback, please refer to the document Your rights and responsibilities as a student in this Unit in the first folder next to the Unit Guide of the Resources area in the CloudDeakin unit site. • Building evidence of your experiences, skills and knowledge (Portfolio) - Building a portfolio that evidences your skills, knowledge and experience will provide you with a valuable tool to help you prepare for interviews and to showcase to potential employers. There are a number of tools that you can use to build a portfolio. You are provided with cloud space through OneDrive, or through the Portfolio tool in the Cloud Unit Site, but you can use any storage repository system that you like. Remember that a Portfolio is YOUR tool. You should be able to store your assessment work, reflections, achievements and artefacts in YOUR Portfolio. Once you have completed this assessment piece, add it to your personal Portfolio to use and showcase your learning later, when applying for jobs, or further studies. Curate your work by adding meaningful tags to your artefacts that describe what the artefact represents. https://www.deakin.edu.au/students/studying/assessment-and-results/special-consideration https://www.deakin.edu.au/students/studying/assessment-and-results/special-consideration Learning Outcome Details Assessment Feedback Assessment Task Requirements: Submission Instructions Notes
Answered Same DayApr 28, 2021MMH230Deakin University

Answer To: Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited. Deakin Business School is...

Akansha answered on Apr 29 2021
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Written Analytical Essay        1
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Age Diversity in the Australian workplace
Introduction
Age Diversity is an essential part of any workforce. According to a report by the United Nations, the workforce of the earth is ageing, and the number of people in the age group of 65 and above will soon outnumber the employees who are aged 24-65. This could pose a significant issue in the lives of various people (Earl and Taylor, 2015). It could also mean that most employees who are older remain active even after their retirement age, which could be of immens
e benefit to the organizations that are in need of workers with decades worth of experience, as compared to fresh employees, who might not have the experience required in order to complete the task that is provided to them.
However, there are significant challenges that can be had from having a workforce that is age-diverse. An older population, while having the experience, would not have the stamina that is required to complete certain jobs, and in many cases, the mental capacity of the person is also reduced to a very large extent (Burke, 2015). This could also negatively impact the workforce, and could have significant consequences on productivity that is seen in the company. It is thus, essential for an organization to have a diverse workforce in most cases, since it helps in balancing the experience and the stamina.
The following essay aims to look at the age-diversity that is found in the population of Australia, the challenges that could be faced by having an increasingly age-diverse population, as well as some of the benefits as well. It also looks at some of the HR practices that need to be in place in order to ensure that the HR is able to manage the workforce in a strategic and productive manner as well. It also looks at methods by which the needs of multi-generational employees can be met by the organization.
Age-Diversity
There are significant issues when it comes to age diversity in Australia. The Australian workforce is extremely multi-generational. In the Public sector 6187 employees are aged under 24 years. They do not receive much in terms of salary, since the majority of the employees are starting level, and have very little to no experience whatsoever. However, there are 73,199 employees in the public sector who are over the age of 45. This shows that there is significant importance that is given to employees who have a certain level of experience in the public sector. They also have a higher salary band over the employees that are aged 24, because of the amount of experience that they can add to the workplace.
It is estimated that by 2023, the average retirement age of Australia will rise to 67 from the 65 age that is present now. There are different generations that are found in Australia, and most of these are associated with various traits. The traditionalists, baby boomers, millennials, Generation Xers and Generation Z are known for separate qualities as well. However, a report shows that by 2020, a majority of the workforce, around 48% of the workforce would be made up by the millennials, who have grown up by the digital revolution (Ferrero-Ferrero, Fernández-Izquierdo and Muñoz-Torres, 2015). Thus, it can be seen that having an age-diverse workforce is something that is happening in Australia right at the moment. A multi-generational workforce would mean significant challenges and benefits for the company, and since most people in the world wish to continue working well past the retirement age, it is essential that organizations have measures in place that are meant to ensure that a multi-generational taskforce is common in all aspects of the organization. This could be the difference in closing the gap between many of the challenges that occur when dealing with only a specific type of workforce, such as Generation Y or Millennials, or Baby Boomers, could be harmful to the society as such, and thus, could create significant issues in the company’s productivity.
The age of the employees in the private sector also keeps increasing. The average retirement age is extended every 6 months in order to ensure that the older generation, which has more experience, and is often seen in higher posts, is kept working. This could help in ensuring that the workforce is kept balanced and that the new is balanced with the old. Age diversity can play a huge part in making sure that the organization is able to handle the overload of information that is present in the digital age (De Meulenaere, Boone and Buyl, 2016). A workplace with Millennials, Gen Xers, Baby Boomers and the Silent Generation offers a unique opportunity for varied perspectives and approaches to day-to-day work. However, only 8% of organizations include diversity of age in their diversity policies, since it has been known to cause significant issues for the organization as well.
The main benefits of age diversity, having a multi-generational workforce, would mean that the organization performance and productivity is increased. Research clearly demonstrates that age diversity can improve organizational performance, and HR practices that improve the age diversity climate within an organization have the potential to further improve performance and lower employee turnover (Schneid, Isidor, Steinmetz and Kabst, 2016). Mixed-age working teams have been known to increase the group’s experience, and it can help in mixing up the energy that is found in the workplace. It could also help in teaching some of the older employees the latest technology, which is also extremely beneficial to the workplace as well. This is especially true when the teams are involved in the decision-making tasks, since the creativity of the younger employees, and the education that they have often received is mixed in with the experience of the older generation, often in the same company.
The second benefit of having an age-diverse range in the organization would be to include a population that is able to cater to the customers of different kinds. Different customers are able to connect to different age-groups. Many Baby Boomers, as consumers would not be able to effectively communicate their problems to the...
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