What does the age-thing thing mean to most senior managers? Well there is the big unknown about its implications on their markets, the subject of this blog and there is what happens when great chunks of their workforce retire. I suspect the latter gets a tad more attention than the former.
Occasionally the two issues come together. Such a case is Forrester Research who has just published a white paper (Reversing The Aging Work Force Crisis). At the moment it is on free download.
Forrester spoke with Liam Cleaver who is IBM’s manager of work force enablement, about the company’s best practices in mitigating the risks associated with an aging work force.
So what’s the problem?
“It’s no secret. Fifty percent of federal government workers will be eligible to retire by 2005. And 76 million baby boomers will be eligible to retire within the next two decades, with only 46 million Gen Xers available to replace them.” Even I can work out that 76 minus 46 leaves a big hole in the workforce.
The report doesn’t come out with any mind boggling solutions to the problem but IBM has probably thought about the subject more than most companies.
I think we will see a lot more instances of companies, like Forrester, seeing a business opportunity in providing products and services to assist companies with the manpower implications of the aging population. Watch this space. Dick Stroud www.20plus30.com
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