Global Megatrends Insight Highlights Series | Page 4

1Geopolitical & economic
uncertainty
This increasingly multi-generational workforce
has huge implications for employers; how do
you attract, retain and manage employees
of such widely differing ages, who are
likely to have different priorities, skills and
preferences?
With Millennials and Generation Z very
much in the spotlight, many employers will
be focussing on how to cater to the needs of
younger generations. They’ll want to do their
homework as they may feel unfamiliar with
what younger people want from their jobs
and organisations. However, the most radical
change in terms of age in the workplace is the
fact that people are living and working longer
than ever before. The retirement age has
risen steadily over the past decade and will
hit 67 by 2028.
need to be filled. But a lot of talent remains
untapped because older people are not
being given access to the opportunities they
deserve. All of this means that employers
must focus on the needs of every generation
and understand what it is that people really
want from their jobs.
We need this growing army of older workers;
by 2022, 14.5 million jobs will be created, but
only 7 million younger workers will enter the
workforce, leaving a gap of 7.5 million that will