ABSTRACT
This chapter examines the impact of inexorable demographic change for business, and suggests how companies will have to change their attitudes and policies towards employment, training and retirement. Travelers Insurance found that the performance of it own retirees in temporary jobs was far superior to that of staff supplied by temporary employment agencies, and since 1985 the company has been holding un-retirement parties to expand enrolments in its Job Bank of older workers willing to undertake temporary employment. General labour shortage and intense competition for skilled younger workers will make the continued employment of older workers essential. Economic expansion in the twentieth century has been promoted by a consistent but moderate increase in the population, which has allowed just enough restocking of the labour market and just enough increase in consumer demand to provide a continuing stimulus to economic activity.
