Let's Talk ...Demographics

June, 2008

			OPENING THOUGHT    "Investment in human capital, that is, in education and skills training, is three times as important to economic growth as investment in physical capital, such as machinery and equipment."   - Statistics Canada   A Shrinking Demography Demographers predict that the Canadian population that is in the 18-24 age range will reach a peak in the year 2011 and that the size of this group will decrease by 300,000 people during the 15 years that follow. Why does this matter? Our workplaces traditionally depend on this age group as a source of new workers. Those who move from school directly to the world of work are typically in the 18-20 age range and those who complete post-secondary education before doing so are in the 24+ range. Since this traditional pool of new workers is shrinking in size, organizations will need to look to new, non-traditional sources of workers in order to continue to meet market demands. These will include Aboriginals, immigrants, women and workers with disabilities. This is a phenomenon that is happening in developed countries around the world and one you need to have on your radar as organizations compete for a shrinking pool of qualified people.   - Janet Stewart-Lussier   President, Canadian Association of Professional Speakers - Ottawa Chapter   Author of "Let's Talk Teambuilding - 10 Strategies for Becoming a High Performance Team Member"

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