The aging of Canada’s population will soon slow labour force growth. … Unless productivity growth and labour market participation improve, population aging is expected to lead to significantly slower increases in real output and income and increase the possibility of labour shortages.
Consequently, how do you deal with an Ageing workforce?
An aging workforce: 6 ways to prepare your business
- Create an exit strategy for older employees. …
- Flextime scheduling. …
- Treat everyone equally. …
- Younger doesn’t mean more productive. …
- Find positions that fit their skill set. …
- Develop your workforce.