A Checklist of Hr Trends
Dychtwald, Ken, Erickson, Tamara J., Morison, Robert, Aging Today
Based on our synthesis and analysis of today's workforce demographics, we recommend that employers begin preparing for the following changes to safeguard their talent pool:
Aging. The average age of employees will continue to rise, and the workforce will become more multigenerational. Proportionately, mature workers are the fastest-growing age segment, and large employers can expect to double their percentage of workers 55 or older during the next five to 10 years.
More women. The proportion of female workers, already high, will continue to rise slowly.
More ethnic diversity. By demographic standards, the racial and ethnic mix is changing very rapidly, with ethnic and racial minorities now accounting for one-third of younger workers.
Increasing lifestyle and life-stage variety. People are no longer "acting their age." Their life plans are no longer linear and predictable. They differ wildly in how they integrate work and other pursuits into their lives.
Tightening labor markets. As the rate of labor force growth plummets to 2% to 3% per decade, labor markets will tighten and competition for talented people will intensify.
Shortages of skills and experience. As the boomer generation reaches retirement age, organizations face a potentially debilitating brain drain of skills and experience. …