Composition Should business hire people for entire life

I think that businesses should not hire people for entire lives. The business may decline if it hires people for entire lives. An average life of a person nowadays is about sixty to seventy years. There is a general tendency that people's mental as well as physical capabilities decline with increase in age. This results in decrease in efficiency of employees. Thus if a business hires employees for entire lives, there is a danger of decrease in productivity and functioning of the business. To avoid this, a business must hire new employees after the current employees term is over.

Besides, one must give opportunities to fresh talents and youngsters. Business is an activity which is dynamic. It changes with time. Business can thrive and be successful only if it understands the present trend and supply what the customer wants. So the people who know the present trend and can use it to the business firm's advantage must be hired. The young generation is normally accustomed to the present trend and they emanate new ideas that can be useful to the business firm. If a business hires employees for entire lives then it cannot hire fresh talents as there will be no vacancies. Even if the employer who hires people for entire lives also hire new talents there will be excess employees. This results in excess cost to hire and maintain them.

I agree that the person who is currently in a firm and served it for many years has experience and experience counts a lot. But
I don’t insist in removing all the experienced employees at once and hire fresh people who will be novice to the business. The new employees learn from the existing experienced employees and gradually develop skill and experience in that field. They will also serve as guides for the future generations who will be employed.

Change is a must and business field is no exception. The employees must also be changed after a certain period. Of course one must keep into account that the employees who will leave the job after a period must be provided with some amount of money that will support them afterwards. So I insist that the businesses should not hire employees for entire lives.