KUHN RIKON Switzerland’s Post

𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐋𝐚𝐛𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐃𝐞𝐦𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜 𝐂𝐡𝐚𝐧𝐠𝐞 𝐢𝐧 𝐆𝐞𝐫𝐦𝐚𝐧𝐲 Germany is facing a demographic shift with profound implications for its labor market. The twin challenges of an aging workforce and declining birth rates necessitate a reevaluation of labor market strategies to ensure sustained economic growth and productivity. Shrinking Workforce A pivotal study by Möller (2017) sheds light on the projected shrinkage of Germany's labor force. The declining birth rates, coupled with increasing life expectancy, are set to reduce the workforce size, potentially leading to labor shortages in various sectors. Möller suggests that short to medium-term solutions could include bolstering net immigration and enhancing labor market participation among underrepresented groups, such as women. However, these interventions might not fully counteract the trend, underscoring the need for broader labor market reforms to address the impending challenges [(Möller, 2017)](https://lnkd.in/eMQeEz36?). Aging Workforce and Productivity The aging of the workforce introduces concerns about productivity. Older workers bring experience and knowledge, but shifts in the age composition of the labor force may also necessitate adaptations in workplace practices and policies. Training and lifelong learning programs could play a crucial role in maintaining productivity levels by updating the skills of older workers and leveraging their experience effectively. The demographic change in Germany poses significant challenges to its labor market, necessitating a proactive and multifaceted policy response. By embracing innovative strategies to increase labor force participation, adjusting immigration policies, and investing in lifelong learning, Germany can navigate these demographic shifts, ensuring a resilient and dynamic labor market ready to meet future demands. These challenges that need to be solved lead to outstanding opportunities for HR Tech Startups in Germany. With allygatr, we are building the "allyance" and connecting HR Tech Startups, HR experts, investors, and companies in German-speaking countries. With 24 investments and more than 10,000 company contacts and investors from the start-up scene to DAX board members, we also offer help to international HR tech companies that want to do business in Germany. If you are interested, please send me a DM. #allyance #allygatr #hrtech

For years, technology has been reshaping the workforce. But instead of fearing it, especially as we age, what if we considered the opportunities it could bring? Recent studies suggest that AI and automation could actually extend the careers of older workers by reducing physical demands and allowing them to focus on their strengths. Flexible work arrangements, like remote work, combined with new tech, can empower workers 50-plus to stay in their jobs longer, which benefits them and the economy. See how we can embrace this shift and reap the benefits: a more inclusive, experienced, and diverse workforce. Let's not fear the future; let's shape it. #AI #Automation #FutureOfWork #Inclusion #OlderWorkers

WisdomCircle enters UK and Europe markets “As populations age and the traditional workforce shrinks, the demand to harness the experience of older workers is growing. Research consistently points to a rising trend in this demographic’s workforce participation. The International Labour Organisation forecasts that by 2030, older workers will increase to 55% of the labour force in most EU countries,” said Basav Ray Chaudhuri, CEO of WisdomCircle – UK and Europe. #Agetech #WorkforceRevolution #RetirementRedefined #TalentMatchAI #UKJobs #EuropeanLabourMarket #SkilledProfessionals #WorkforceDiversity #AgeInclusiveWorkforce #LeadershipExpansion #FutureOfWork #AgingPopulation #TechForGood #HRTech #WorkplaceInnovation #BusinessNews #IndiaNews #Business #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

🌏 Today is Respect for Aged Day in Japan. It is an opportunity to celebrate and honour the contributions of older individuals in society. However, in the tech industry, many of the older workers that I talk to often believe that their wealth of knowledge and experience is overlooked. In Australia, only 19% of tech workers are over 55, yet they represent a growing segment of the workforce as the population ages. With the Australian tech industry needing 1.3 million workers by 2030 to remain globally competitive, we cannot afford to ignore this vital talent pool. Older workers face unique challenges, from bias in hiring to keeping up with rapidly changing technology. The value of older workers is undeniable - they offer years of experience, wisdom, leadership, stability and often a fresh perspective on mentorship and problem-solving. If Australia is to meet its tech workforce targets and keep pace with international economies, we must recognise the contributions of all workers, regardless of age. It's time to champion diversity across generations and leverage the full potential of our workforce, both young and old. 💡👩💻🧑💼 Have you experienced bias in hiring due to your age? What do you think are the main benefits of hiring older workers? #RespectForAgedDay #DiversityInTech #AgeismInTech #TechLeadership

It is predicted, by Bain, that older workers are set to make up over 25% of the workforce in Japan, Germany, the US, and Italy by 2031. Are companies and governments ready for this silver workforce revolution? 300m Chinese will retire in the next decade, and even with the cost of living crisis older UK workers are leaving the workforce. Leading employers are getting creative, offering perks like "Grandternity Leave", menopause benefits, and opportunities for phased-retirement. Singapore is investing in reskilling the over-40s. But is it enough? ➡How do we reformulate the concept of work to embrace greater diversity in expectations and contract structures? ➡What can be done to increase opportunities for experienced workers seeking flexible, part-time roles? ➡How can we redefine retirement to align with the gig economy and alternative income models? This is a future that impacts us all however old we are, or feel. Rather than obsess about the TikTok generation, we need to start a dialogue and pave the way for a more inclusive, dynamic, and age-diverse workforce. Read the full article in the comments, also available as a podcast🎙. Subscribe to Workforce Futurist Newsletter for work trends direct to your inbox every 2 weeks, and join the discussion. #WorkforceFuturist #AgeingDemographics #RethinkingWork #FutureOfWork #WorkDesign #CEO #CHRO #Workforce #Diversity

This week: Creating a workforce of the future is more than simply raising the retirement age. After we've fixed recruitment (a must watch video, below), perhaps we'll see that wearable tech and other AI tools for wellbeing enable even more to work into their 70s with verve and vigour? ⬇️ THE RECRUITMENT PROBLEM The Financial Times and the future of work powerhouse that is Isabel Berwick have created a brilliant editorial video on the state of recruitment in the UK. This is not just relevant to talent acquisition professionals and HR leaders, but a must-watch for any leader of a growth business that needs people. https://lnkd.in/eSEUCw6h WHY AGEISM IS BAD FOR BUSINESS It can lead to companies missing market opportunities and overlooking competitive threats. https://lnkd.in/g4K7YDJF AI COULD BE THE NEXT GENERATION'S SOLUTION TO WORKING FOR LONGER From wearable tech to early detection, the next generation are becoming equipped for a healthier longer life in work. https://lnkd.in/e9icaUWW AGEISM CRISIS IN AUSTRALIA'S CREATIVE AGENCIES New research from Australia into the creative industry showed that 68% of respondents believe age discrimination is a key factor in pushing seasoned professionals out. This loss of seasoned talent should be a wake-up call for agencies looking to remain competitive amid ageing global demographics. https://lnkd.in/eugec3Qk UNEMPLOYMENT RATE OF YOUNG BRITS RISES Over 870,000 Britons aged 16 to 24 are not in education or employment, driven by a growing mental health crisis. This figure has risen by almost a quarter since 2022, reports Amy Borrett for the Financial Times. https://lnkd.in/ezPJDF94 For help in building effective multigenerational teams, speak to the experts. From e-learning modules to bespoke training or becoming an accredited age-inclusive company, 55/Redefined can help you. Visit https://lnkd.in/e2kkebKm or send us a message. #AgeInTheNews #IntergenerationalWorkforce #MultigenerationalTeams #AgeDiscrimination

The effects of the AI era affect every employee, but objectively, I must say that women suffer or will suffer the most. If you have ever had to leave work or request a sudden day off because your child got sick, then you're a mom. Fortunately, for these companies, AI doesn't get sick, doesn't have kids to take care of, doesn't need vacation, doesn't need medical care, doesn't need pension funds and the list goes on. Unfortunately, for us moms, we are humans living in an AI era where we don't matter anymore. I participate in a few Facebook groups for women and I must say, women are having a challenging time in the workplace and workforce. We simply can't compete with AI. With layoffs on the rise, working moms are at risk. I recently read a post from Statistics Canada where immigrant single household families were surviving on the bare minimum. Usually, these are single-mom households. Technological advancement should work for the betterment of humanity, but if it is leaving millions of women without jobs, is it truly worth it? I pray for the day when Keynes' 15-hour-working week turns into reality, thus bringing forth fewer working hours and higher salary. #economy #employment #salary #workinghours #workshifts #ecommerce #onlinebusiness #business #factotums #trustbadges #sales #Keynesian #theory

𝐒𝐞𝐚𝐬𝐨𝐧𝐞𝐝 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬 𝐨𝐯𝐞𝐫 𝟔𝟎 are not just old-timers; they are a valuable asset to any organization, contributing their experience, wisdom, and skills to drive business success. Over 60 years old are indeed a treasure for the business world. Here's why: 𝟏. 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞: They bring over 30 years of experience and a wealth of knowledge about the workplace, business world, and life. They have already solved problems and adapted to significant changes in workplace technology. 𝟐. 𝐒𝐨𝐟𝐭 𝐒𝐤𝐢𝐥𝐥𝐬: Seasoned professionals have developed the ability to communicate effectively, think critically, manage and lead teams, and handle crisis situations. 𝟑. 𝐅𝐥𝐞𝐱𝐢𝐛𝐢𝐥𝐢𝐭𝐲: Many older professionals have fewer domestic commitments, meaning they have more time and freedom to dedicate to work. 𝟒. 𝐊𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐚𝐧𝐝 𝐌𝐞𝐧𝐭𝐨𝐫𝐬𝐡𝐢𝐩:  With full-time careers under their belts, many business professionals want to share their experience and skills with younger colleagues. 𝟓. 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: Because of their experience, mature professionals can hit the ground running and require less training and oversight. They often get the job done faster and more efficiently than candidates with less experience. 𝟔. 𝐀𝐝𝐚𝐩𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲: “Baby Boomers” have arguably seen the most social and technological changes of any generation currently employed. Evolving alongside these professional and technological advancements has made older workers extremely adaptable and given them incredible problem-solving skills. 𝟕. 𝐖𝐢𝐬𝐝𝐨𝐦 𝐚𝐧𝐝 𝐌𝐞𝐧𝐭𝐨𝐫𝐬𝐡𝐢𝐩: Seasoned professionals provide wisdom and mentorship for less experienced employees, lessening the learning curve. 𝟖. 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭: Many seasoned professionals are not motivated solely by compensation, flexible schedules, or moving up the corporate ladder. Working for your organization is more about having the freedom to share their wisdom and experience for the benefit of the company and its other employees.

On April 16, 2024, the federal government tabled its budget entitled “Fairness for Every Generation.” This budget saw the federal government recognize what Canadian business leaders have been juggling for a long time: different generations in the workplace have different needs and priorities. Dive into Mercer's response to discover valuable insights and perspectives. #Technology #AI #FutureofWork #Health #Business

On April 16, 2024, the federal government tabled its budget entitled “Fairness for Every Generation.” This budget saw the federal government recognize what Canadian business leaders have been juggling for a long time: different generations in the workplace have different needs and priorities. Dive into Mercer's response to discover valuable insights and perspectives. #Technology #AI #FutureofWork #Health #Business