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Identify the main problems facing private-sector managers arising from an “ageing” workforce  

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Identify the main problems facing private-sector managers arising from an "ageing" workforce. (25%) The population of the world is getting older and this is one of the most critical demographic events in the world today. Present demographic trends show that in the next few decades the older population will substantially grow, partially reinforced by the ageing of the generation of baby-boomers, and while at the same time the number of young people and adults is forecast to fall. An old person is someone who has passed working age and retired-usually someone who is 65 years old or older. The United Nations found that the ranks of 60 year olds and older are growing 1.9% a year, which is 60% faster than the overall world population. They predicted that by the year 2050, there may be four people age 15-65 worldwide. Currently the ratio in year 2000 is nine to one. These...

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