As we have mentioned throughout this month, the workforce is rapidly changing and it is only expected to continue changing in the upcoming years. According to the United States Bureau of Labor Statistics in 2006, the total labor force is expected to grow 0.6 percent per year from 2016 to 2026. This evolving environment brings forth a vibrant collaboration that encourages change and new ideas. Here are some changes that the workplace can expect within the next couple of years as explained by Deloitte.
Age groups 65 and above are projected to increase exponentially within the next couple of years. The main cause of this is the very low birth rate as Millennials are focused on their career instead of start families.
It is no doubt that the workplace is becoming more diverse in terms of gender, ethnicity, culture, religion, sexual preference and identification, etc. As you will see, Hispanics are projected to have the fastest rate of growth in the labor force and the percentage of whites in the workforce were projected to decline slightly.
In recent years, more people have pursued higher education, which includes young adults and middle-aged individuals who have decided to acquire credentials.
Join us at World Future Forum for more research findings and best practices on Workforce Skills & Demands!