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At the convergence of these two trends sits a variety of risks and opportunities for employers. Older workers are facing significant displacement risks at the hands of emerging technologies, and are often overlooked as viable sources of renewed productivity. Employers would do well to redeploy the unique abilities of older workers as part and parcel of any digital transformation strategy.
Indeed, employers that don’t incorporate older workers into their workplace strategies run the risk of exacerbating unemployment and underemployment among this segment, contributing to social instability and missing a valuable opportunity to enhance productivity.
Mercer’s report, The Twin Threats of Aging and Automation, focuses on 15 major markets to examine and quantify the risks of rapid societal aging and of older workers’ susceptibility to automation. Key findings include:
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