Demographic Change and Consequences for Businesses

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Fact: the workforce of tomorrow will look drasticallydifferent from the workforce of today. Employeestoday are part of an economy that is subject toever-expanding technological developments andconstant globalization that affect workforcedemographics at a mind-numbing speed. Perhaps themost ominous factors leading to change point to asevere movement in the average age of the workingpopulation. This book introduces the fact that theaverage worker of tomorrow will likely be of a muchhigher age, due to various reasons such ascontinuously increasing life expectancy, lowfertility rates since the mid-70s, and stagnatingimmigration for most of the EU25. From a personnelmanagement perspective, an ageing population willcreate turbulence in human resource strategies forall industries at all levels. New questions willquickly arise: Will there be a labour shortage in myfield? (Is there already one?) Who will replace thelarge proportion of workers about to retire? Thisbook aims to answer these and other questions byproviding a spectrum of promising HR measures thatwill lead organisations to overcome the impacts ofdemographic change in the near future.