Korn Ferry reports that by 2030, 85 million jobs will go unfilled due to talent shortages resulting from shifting population demographics. Leaders are pressed to embrace new talent management strategies to ensure talent sustainability.
Put simply, employers must seek talent from across the age spectrum to fill the job gaps expected to increase expeditiously over the next six years.
Ageing is one defining characteristic that we all share. Yet global work cultures fail to leverage the longevity advantage–people are living longer, healthier lives and therefore want (and often need) to work longer.
The best way to prepare for labor shortages is to reshape the workplace culture to value workers of all ages.
Sheila Callaham, co-founder & Executive Director, Age Equity Alliance
Younger employees are looking at a 60+ year career. For anyone, six decades sounds like a long time to work, especially if there are no employment gaps to allow for mental, emotional, and physical rejuvenation.
Moreover, how do employees of any age adequately save and invest to build financial security? In Europe, 3 out of 10 people surveyed said they are currently in a precarious financial and material situation, and the majority of Europeans (56%) are getting by but need to be careful. Only 15% claim to be in a good situation.1
In the US, more than half of the 55+ population worry they will never have enough money to stop working, and 1 out of 4 have no retirement savings.2
The Answer
Every workplace is unique, but they all have employees. This common denominator provides insights into how “longevity-ready” your company is.
That’s why we start with the Longevity Measurement Index.TM
The Longevity Mindset Index provides a temperature check for the talent sustainability of all-aged employees. It does this by measuring five key longevity indicators highly correlated to employee satisfaction and success and shaping and defining employee culture.
Not Just Any Survey Platform…
Age Equity Alliance takes employee measurement seriously. That’s why we’ve partnered with the science-driven platform SHAPE to administer the Longevity Mindset Index.
Longevity mindset is defined as knowledge, thoughts, and actions that best prepare employees of all ages for a positive work experience.
SHAPE pioneered the science of blending statistical and behavioral sciences to accurately inform where individuals, teams and the company are struggling, striving or flourishing.
Moreover, SHAPE is designed for scale. From small companies with 25 employees to the world’s largest multinationals with teams of any size imaginable, every aspect of the platform scales automatically to survey, report and guide.
When employees provide insights on longevity readiness, they also benefit from the SHAPE tool that measures flourishing across 12 categories!
For us to do our part, you have to do yours!