We have known for some time that we face an aging population. So what does this mean? Quite simply talent solutions may be hidden in ageing workers.
In Britain, Mercer have just concluded their Age Friendly Employer Research Report and the findings are both interesting and encouraging for businesses within the developed world.
It found by 2050, the number of people over 65 years old will triple and the number of those over 80 will quadruple. With sub-replacement birth rates in many locations, some countries will be more affected than others, but the availability and composition of the labour force across the world will change forever.
It also found that 84% of responding companies know that they need to change but may not have the structures and processes in place to be able to change quickly and effectively.
This demographic change is having the greatest and earliest impact in developed countries, and companies will need to understand it and adapt to thrive if they wish to win in the battle for talent.
I encourage you to read the full report and if you have any questions or would like to know more about improving your recruitment process then please contact me paul@paulgreening.com
