The impacts of the Baby Bust will be far reaching.
- The available pool of talent that business can draw from will start to diminish.
- The rate of growth in the tax base will start to slow down.
- The Baby Boomers who choose to remain in the workforce will create an increased demand for flexible working arrangements and the re-engineering of existing positions.
The reality is that whether our Baby Boomers choose retirement or to continue working, employers will feel the impact as they try to extract the greatest productivity from their workforce over the next 10 years.