Age Structure

• The most noteworthy aspect of this element of the demographic segment is that the world’s population is rapidly aging.
• Changes in the age of the population have significant implications for availability of qualified labor, healthcare, retirement policies, and business opportunities among others.
• While aging populations threatens companies with an inadequate workforce, they can establish additional operations in other nations.
• Delayed retirements may help companies “avoid or defer the baby-boomer brain drain that has been looming for so long.”
• organizations now have a fresh opportunity to address the talent gap created by a shortage of critical skills in the marketplace as well as the experience gap created by multiple waves of downsizing over the past decade
• Firms can also use their older more experienced workers to transfer their knowledge to younger employees, helping them to quickly gain valuable skills.
• There is also an opportunity for firms to more effectively use the talent available in the workforce.


  For example, moving women into higher level professional and managerial jobs could offset the challenges created by decline in overall talent availability and it may even enhance overall outcomes