Title: Aging workforce challenges: Trends, Statistics and Impact
Headings: Aging Workforce Challenges: Trends, Statistics and Impact
Aging Workforce Challenges: Trends, Statistics and Impact
Aging workforce statistics
51 HR Metrics
Cheat Sheet
Download the FREE cheat sheet with 51 HR Metrics
What is the aging workforce?
5 Aging Workforce Challenges and Their Solutions
1. Bias
2. Absenteeism
An aging workforce intervention: a case study
Online, Self-Paced &
Globally Accredited
HR Metrics & Dashboarding
Certificate Program
3. Postpone retirement
4. Succession
5. Attract & retain younger employees
The Impact of the Aging Workforce
FAQ
HR Metrics & Dashboarding
Certificate Program
Author:
Neelie Verlinden

Content: In countries like Germany, Finland, and Sweden (among others) the number of mature workers is already close to 1 in five. As a comparison, for every 10 Generation Z members, there are 12 people aged 65 or older in the EU. What is the aging workforce? The aging workforce is – as its name suggests – the part of working individuals that has reached a certain age and beyond. It used to be defined as those who are 40 years or older. Since we’re dealing with huge numbers of baby boomers turning 65 on a daily basis, however, 40 seems a bit young to be speaking about an ‘aging workforce’ (it would also mean that an even bigger percentage of the working population qualifies). So let’s take 55 and older as our measure. In which case 1 out of 4 workers in the US will qualify as part of the aging workforce as early as in 2020…
There are various reasons why the workforce is getting older. Jeffrey Tamburo lists 4 of them: Financial: