SMO415 Lecture Notes - Lecture 3: Baby Boomers, Generation Z, Underemployment
15 Mar 2016
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Document Summary
2011 42. 4% of working age population was between 45-64 years of age and in 191 it was 28. 6%. 18. 7% of workforce was over 55 in 2011; by 2021 it will be 24% ish. Ratio of workers entering labour force to those leaving is now 0. 99/1, in the. By 2021 more will be leaving the workforce than entering. Significance = less workers (low birth rate but canadian workforce can be helped by immigration). Techniques to attract and retain younger vs. older workers. Ideal working conditions? (location, hours, setting, pay etc. ) Ideally starting early in the mornings and not working too late. Good benefits (coverage on dental, medical etc. ) Beach vacation with white sand and clear water and lots of food (no worries). Workforce generations: war babies (1935-1945, baby boomers (1946-1964) = lots of people searching for jobs, so more competition in the workforce, generation x (1965-1980) = technology is changing during this period.
