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Fighting the age-skills gap

The nation's population is aging rapidly, according to the Australian Bureau of Statistics (ABS).

Demographic shifts have meant that the working population is now made up of 13.5 per cent of people aged 65 and over.

This means that the baby boomer generation is rapidly approaching retirement and - despite appeals from various officials - will soon withdraw from the workforce.

A concern for managers, as identified by a recent Randstad WorkMonitor report, is that the sudden removal of highly experienced workers will have a measurable impact on business performance.

Filling this skills gap is a chief concern to firms around the world, with many employees indicating that their roles may actually be beyond their current capabilities.

Up to half of the survey respondents indicated that their jobs required more training than they currently possessed.

Randstad's chief executive officer Ben Noteboom asserted: "These findings may not be new but they are becoming increasingly apparent".

"To tackle future shortages on the labor market, we continue to facilitate all forms of transition and mobility of employees - socially, professionally and geographically."

The challenge for managers is to develop rewarding careers for talented workers, with incentive structures and leadership training programs designed to improve motivation and reduce staff turnover.

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