Planning for the Ageing Population
Conclusion: Through various channels of the media the news that the first wave of Baby Boomers are retiring implies some uncertainty. While it is true that those people who are 60 are retiring, the actual numbers are quite small and the flow on effect to the economy not large – just yet.
Population, like the planet, is something accepted as a basic fact, but like the initiatives to reverse global warning and operate in a sustainable way, significant changes are happening to the composition of the population that alter sixty years of accepted facts.
Organisations cannot create a single strategy to deal with demography but the effects of demographic change must be catered for in the next decade. In the broadest terms, with fewer young people and more older people, different approaches to training and skills, working arrangements and communication with the market are likely. Organisations that have seen and planned ahead may not only find a competitive advantage but an easier transition to the changes that will ensue.