Age and Opportunity: Plan Strategically to Get the Most Out of a Maturing Workforce
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As the worldwide elderly population grows significantly, the workforce is shrinking. The rate of U.S. workforce growth was 30 percent in the 1970s, but is projected to be only 2 to 3 percent in 2010 and beyond. Not all sectors or companies will be affected equally; however, even collecting data reliable enough to assess your company’s situation can be fraught with potential legal obstacles. Managing a maturing workforce is an opportunity for change. But it requires analysis of the current workforce, gap analysis between projected supply and demand, and a plan for closing the gap.