Person figure wearing many hats
Your older workers may have the most knowledge, while younger employees have the most energy.

Striking a balance: Adapting to a changing workforce

Original content by ChangeDriver

There is a major upheaval underway in the world of work.  

Our workforce is getting older, but many workers are not retiring. The paradigm is shifting from full retirement to successful aging at work.

Canada’s fastest growing demographic are centenarians. By 2050, there could be more than 40,000 people over 100 years of age.

By 2030, nearly a quarter of Canada’s population will be seniors and just 16 per cent children.

What does this mean for businesses and governments as they respond to the needs of employees, customers and citizens?

Seniors are already reinventing themselves as workers, especially in flexible jobs, as delivery drivers, contractors in management and finance, or small business owners.

Rather than offering products and services to retirees, businesses and governments may need to meet the requirements of working seniors.

As well, many employers recognize that older workers bring invaluable knowledge, wisdom and life experience to the workplace. This makes them important contributors to business planning and as mentors to younger workers.

How does the shift in the age of your workforce affect your organization? Will you need to change your benefit plans? Will flexible or part-time work become the norm?   

Your older workers may have the most knowledge, while younger employees have the most energy. You’ll need to balance both to truly benefit.

Is your organization already successfully integrating a changing workforce? Tell us how you’re doing it. We’d love to hear from you.

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