2011: The start of HR’s dominance (Editor’s notes)

As baby boomers turn 65, employers will need HR to ease demographic crunch
By Todd Humber
|Canadian HR Reporter|Last Updated: 01/14/2011

Happy New Year, HR professionals. As we shake off the holiday hangover, there’s a stark number staring at us from our wall calendars: 2011.

For years, 2011 has been circled on employers’ calendars. That’s because this is the year the first wave of baby boomers (born between 1946 and 1964) turn 65. As boomers flood out of the workplace to enjoy their golden years, employers will be challenged to replace their skills and experience.

Currently, Canada’s labour force represents 70 per cent of the country’s total population. By 2031, that number is expected to shrink to 63 per cent, according to Statistics Canada. So while employers didn’t wake up to a doomsday scenario on Jan. 1, we’ve turned a demographic corner that will have significant mid- to long-range implications.