Companies in developed nations, as well as those in many developing countries, face a major workforce-related challenge: Depending on the industry sector, as much as half of
the workforce will be eligible for retirement in the next five to 10 years. Worse yet, this development is not a short-term problem, as the working-age population will continue to age
over the next 30 to 40 years. This challenge is compounded by the fact that there is a much smaller talent pool coming up behind retiring baby boomers. With workers aging and fewer
people in succeeding generations, companies will experience a significant exodus of talent and experience in the next two decades and a dearth of new employees to step into roles
requiring specialized skills that are in short supply.
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