The rapidly aging global workforce - caused mainly by the number of retirement-eligible employees continuing to work - is both a challenge and major opportunity for corporations, according to a report by The Conference Board .
Currently, about 28 percent of the U.S. population is 50 or older. Projections show that by 2025, that figure will increase to more than 35 percent . By 2010, the number of 35-44 year olds, those normally expected to move into senior management ranks, will actually decline by 10 percent. Also by 2010, the number of U.S. workers 45-54 will grow by 21 percent, while the number of 55-64 year-olds will expand by 52 percent.
The key to a company's future success will be its adaptability - its capacity to deploy resources quickly to seize competitive opportunities and to draw from a labor pool that features a mix of multi-skilled, full-time workers, and specifically-skilled, contingent employees who contribute on a part-time or temporary basis.
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