Is Attracting Older Workers Essential for Small Business Survival Amid Workforce Shifts?
Sunday, 7 April 2024, 09:00
Attracting Older Workers for Small Business Survival
As the Canadian labor market faces the retirement of baby boomers and Gen X, organizations are bracing for a knowledge deficit. Small businesses, in particular, can benefit from attracting older workers to fill the skills gap and drive growth.
Key Points:
- Knowledge Deficit: The exit of older generations is creating a void in expertise within organizations.
- Survival Strategy: Attracting older workers can help small businesses navigate workforce shifts and sustain operations.
By recognizing the value of experience and tapping into the skills of older employees, small enterprises can secure their future amidst changing demographics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.