In 2030, just 15 years from now, the 15 largest world economies in the world will reach "peak employment" with more of the work force retiring than there are employees available to take their place. In Germany this approximates to an 8 million employee shortfall and in the UK 1 million.
This deficit has big implications for future production, customer services and, of course, company growth.
Planning for this shortfall is key and focus on talent supply and demand along with attracting and retaining skilled people, will be paramount. This short, insightful video by Rainer Strack outlines a four-pronged approach.
Our workplaces will be increasingly multi-generational and investment in people is the key to ensuring future success.