People First HR Services

Aging boomers fill in blanks for employers

Colleen Coates

By postponing their retirement plans, baby boomers have delayed the looming worker shortfall and temporarily alleviated the panic to find suitable replacements for older workers trading in their briefcases for golf bags.

According to labour force statistics from the Organization for Economic Co-operation and Development, there has been a 35 per cent increase in the number of Canadians over the age of 55 in the last 10 years. At the same time, there has been a 25 per cent decrease in Canadians under the age of 45.