Call them Millennials, Generation Y or the young adults still living in your basement, this is the generation that is supposedly going to save us Gen X’ers and older. Yes, this is the generation who received trophies not only for participating in sports, but just for showing up it seemed. The National Institute of Health reports that 40% of Millennials got so many participation trophies growing up that they believed they should be promoted every two years, regardless of performance.
In a recent workplace survey, 56 per cent of Canadian employers identified mental-health claims as their top health and productivity-related issue, yet only 32 per cent said they are likely to implement programs to address the issue. A mere five per cent indicated they planned to tackle the stigma associated with anxiety and depression in the workplace.
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.