As more elderly people depend on working-age men and women, state benefit costs will rise and economies will suffer.
How will this affect your organisation?
It will be harder to manage HR, reward, and benefit programmes. You will have issues with retention and attrition of the right skills, succession planning, adequacy of pension provision, health and wellbeing concerns and alignment of rewards. You might also experience operational, employee relations, and legal challenges.
To survive, companies need to understand and prepare for these changes. HR programmes will have to meet the needs of multi-generational workforces, whether that means flexible work patterns and job designs or employee education to help share accountability for financial and health wellbeing.
If you would like to learn more, please speak with your regular Mercer consultant or contact the expert below.
+44 (0)20 7178 3725