Workforce Aging

Workforce aging refers to the increasing average age of employees within a company's or economy's labor force, primarily due to people living longer and having fewer children. As older workers stay employed longer and fewer young people enter the workforce, organizations face challenges like skills shortages and increased healthcare costs. This demographic shift requires adjustments in policies, such as retirement planning, training programs, and workplace accommodations, to ensure productivity and economic stability while valuing the experience of older employees.