Marsh & McLennan Companies’ Asia Pacific Risk Center (APRC) is pleased to announce the launch of our third societal aging research report examining the impact of an aging workforce on costs and productivity loss in Singapore. With Asia-Pacific (APAC) accounting for the fastest aging region in the world, with an expected increase of 200 million elderly people (aged 65 and above) between now and 2030, it more evident that organizations need to quickly adapt to current demographic trends.
“Productivity isn’t everything, but in the long run it is almost everything. A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker.”
Paul Krugman, The Age of Diminishing Expectations (1994)
See the full infographic here.
The report features case studies demonstrating the value of solutions, including workforce analytics, health and screening programs, workplace redesign, and organizational effectiveness strategies.