BY DEBBIE KELLEY
If you haven't done much to figure out how the aging workforce will affect your business, you aren't very far behind the norm. In fact, you're in good company, says expert Michael A. Smyer.
Just 12 percent of employers have analyzed demographics that show the workforce is rapidly aging, according to a national study recently conducted by Smyer's academic center, the Sloan Center for Flexible Work Options & Older Workers at Boston College.
About 26 percent of the survey's 600 responding employers indicated they have done nothing to examine the issue, with the majority being mildly aware that at the same time the population is aging, the workforce is shrinking.
Big mistake, Smyer said.
A flat growth rate of under 0.5 percent is projected for the U.S. labor force during the next 60 years, which Smyer said could lead to a severe shortage of skilled workers.
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