Multi-generational teams are productive, highly effective and are proven to outperform teams of similar ages. The focus on this is critical, as people are living and working longer. This is not a fad and is being taken seriously by world economic leaders.
The number of people age 60 or older will double by 2050. At an upcoming event in Washington D.C., our top corporate and government leaders will come together and discuss how longevity in the workplace will disrupt how business gets done.
The theme for the event is create, invest, prosper. The future of work will see a five generation workforce as commonplace. Read more about this important event and two-year kick off to study aging in the workforce.
No question, there’s much at stake, and much to discuss on June 6. In Japan, where 30 percent of the population already is over 60, businesses are finding solutions to address labor shortages. With people living longer, meanwhile, many will want or need to work. The five-generation workplace will become the norm. If a company is going to understand the ever-growing older customer base, it had better have a strong contingent of team members in that demographic informing its decisions and generating ideas and solutions. Moreover, research has highlighted how older workers come with an invaluable wealth of knowledge and greater commitment. Research also reveals a number of other compelling realities: productivity is highest when generations work side-by-side, diverse teams drive better financial returns, and mixed-age teams out-perform those with members of similar ages.