Human Resources Management - Downsizing

Topics: Employment, Labour economics Pages: 4 (1383 words) Published: February 27, 2013
I. Introduction

In this era of globalisation, where the competition in the market has become drastic, human capital is deemed to be the most important factor to the integration as well as strategy of enterprises among any other factors (Waddel, Cummings, & Worley, 2007). Since retaining and sustaining workforce is undeniably crucial to corporate integration, learning the trend and comprehending the will of employees is crucial to any enterprise’s survival. Taking scenario in Australia, the authors’ objective in this article is to emphasize the importance of older workers’ contributions to workplaces and employers are suggested unbiasedly re-adjusting their attitude and policies in order to effectively utilise the productivity of older workers. II. Article Analysis

a. Researches Methodology

In this article, secondary researches e.g. surveys, researches from others’ studies… were used primarily. In terms of quantitative researches, the article mainly gathered data from Australian Bureau of Statistics (ABS); Department of Education, Employment and Workplace Relations (DEEWR); and Organisation for Economic Co-operation and Development (OECD). Its data validity can be strongly substantiated as both ABS and DEEWR are under the management of Australian government; and OECD is also a renowned international economic organisation which promotes economy and social well-being of people globally. Hence, its information validity is also confirmed. Noticeably, authors also use their past studies as references, for example, their paper: “Retaining and Sustaining the Competence of Older Workers: An Australian Perspective”, written in 2009. This raises the question about the credibility of such reference. Moreover, several references seem to be out-dated, for example, “Sociology” by Giddens in 1997, or the survey’s data of McIntosh’s paper in 2001.

b. Significance of the Findings

The findings in the article are relatively clear and straightforward, yet...

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(n.d.)
Australian Bureau of Statistics: About Us. (2012, November 13). Retrieved December 14, 2012, from Australian Bureau of Statistics: http://abs.gov.au/websitedbs/D3310114.nsf/Home/About+Us?opendocument#from-banner=GT
Adams, S
Bekaert, G., & Hodrick, R. (2009). Internation Financial Management. Boston: Peason.
HR Report. (2008, September 17). Employers 'ignoring ' older workers. Retrieved December 15, 2012, from Thompson Reuters: http://sites.thomsonreuters.com.au/workplace/2008/09/17/employers-ignoring-older-workers/
Manpower Research and Statistics Department
Waddel, D., Cummings, T. G., & Worley, C. G. (2007). Organisation Development and Change. Asia Pacific. (3rd ed.). South Melbourne, Victoria, Australia: Cengage Learning Australia.
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