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
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What is the aging workforce?
5 Aging Workforce Challenges and Their Solutions
1. Bias
2. Absenteeism
An aging workforce intervention: a case study
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3. Postpone retirement
4. Succession
5. Attract & retain younger employees
The Impact of the Aging Workforce
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Author:
Neelie Verlinden

Content: What’s in? Aging workforce statistics
What is the aging workforce? Aging workforce challenges & solutions
The impact of the aging workforce
FAQ
Aging workforce statistics
First off, a couple of aging workforce statistics to give you an idea about the extent of the problem. In the US alone, 10 000 baby boomers turn 65 every day. According to an article by Arlene S. Hirsch, M.A., LCPC, for SHRM, this is something that started in 2011 and will continue until 2030. Since the average retirement age of a baby boomer lies somewhere between 61 and 65, it’s not hard to see that this so-called silver tsunami is going to create some serious challenges for HR; the main one being, how are they going to fill the talent gap that’s left between the number of baby boomers that retires and the number of younger workers with the right skills to replace them? When it comes to aging workforce statistics in Europe, things aren’t much better. 51 HR Metrics
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According to data from the European Labor Force Survey, workers aged 55+ currently make up for 16% of the total workforce in the European Union.