Firms Proactively Manage Demographic Risk

As we predicted, off-shoring has not turned into a cost-cutting panacea, and it hasn’t sent tens of millions of U.S. jobs overseas. But it hasn’t proven to be a bust, either. In fact, even as many companies In developed nations, the workforce is aging rapidly. For that reason, companies could face severe labor shortages in a few years as workers retire and productivity declines among older employees. Fortunately, as the Trends editors forecast more than two decades ago, smart companies are systematically dealing with these threats. Precisely how do th.....