Changing demographics are creating a workplace that is more age-diverse than ever before. Just look around. From post-millennials to baby boomers, more and more generations are working side by side. Employers who take the right steps can leverage the multigenerational workforce as a key to success.
When we feel relevant doing work we love, with people we love, and making a difference in some fashion in the world around us, we live richer lives.
Women are starting businesses out of necessity, because they can’t find decent jobs, or are unemployed, according to Amex. Some are launching their own businesses because workforce rules aren’t flexible to adapt to their caregiving duties for aging relatives or children, or they want more power over their working lives.
Worldwide population aging is just beginning. “The world will look much older in the decades to come, and employers must adapt to this demographic shift,” Paul Irving, chairman of the Milken Institute Center for the Future of Aging
“My biggest concern is that women are still lagging their male counterparts men — even millennial women — in retirement savings as well as their income,” Judith Ward, a senior financial planner at T. Rowe Price.