Monday, August 10, 2015

Essay: Competition of Old and Young for Same Job Good or Bad?

Essay: Competition of Old and Young for Same Job Good or Bad?
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Nowadays more and more older people compete with younger people for the same jobs. In my opinion competition is always for good. In this essay I will elaborate my point of view.
During the past some years, there has been a rise in the number of older people opting for the same jobs as the fresh graduates. The main reason is that private organizations want experienced candidates. Most organizations, particularly multinational companies, prefer to recruit employees with immense profound experience and knowledge. Unlike young freshers, older quickly and easily adapt to the company's working environment, comprehend and start functioning. Some older rich in experience may be retirees with meek pension. Those need an income for their own and family’s survival.
Many Government Organizations recruit “Graduate Trainees” in several disciplines line Engineering Management, Health Care, Public Relations, Information Technology and many more. Similarly some big multinational companies also adopt this practice. The freshers on completion are employed on suitable positions.
Some MNCs offer a "Management Trainee" program for young individuals below 25 years. All need money for the survival of own and the family and old people are no exception to it. Alternately the government can help mitigate old versus young problems by providing high monetary pension plans for retirees and enable them to comfortably survive in the present economic scenario.
In nut shell, competition is everywhere and competition is good for development and progress of any individual or the business. Competition is a good thing in business because it encourages the individuals and organizations to work hard. It improves the quality of the product and service. In the absence of competition the businesses may monopolise and monopoly is bad. There is nothing wrong if a competition persists between Old and Young. It is rather a healthy competition.
(Words – 297)