Blog Posts

Generation All: Managing Workplace and Candidate Pool Trends and Avoiding Age Stereotyping

03/06/2019

If you ask someone over age 65 his or her plans for the week, odds are increasing that the answer will be “going to work.” According to Reuters, the “aging workforce”—those 55 and older—will account for 25% of the workforce by 2024. That’s more than double the 12% this group accounted for in 1994. And while the labor force as a whole is projected to grow by an average of just 0.6% per year between 2016 and 2026, the number of workers ages 65 to 74 is projected to grow by 4.2% annually, and the number of workers ages 75 and above is projected to grow by 6.7% annually, according to the U.S. Senate’s Special Committee on Aging’s 2017 Report on the Opportunities and Challenges before America’s Aging Workforce.

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