GENEVA (ILO News) – The Bureau of Employers Activities of International Labour Organization (ILO) is to hold a seminar on 28-29 April to discuss how businesses are responding to the challenges of an ageing workforce and the measures needed to keep social security systems afloat.
The International Symposium on Business Responses to the Demographic Challenge will gather business representatives from 23 countries to discuss a range of workplace measures and consider what policies can be adopted.
As more people retire and live longer, fewer young people join the labour market and do so at a later age. This trend of increasing demand and lower contributions to schemes is threatening the future sustainability of social security systems everywhere, especially as regards health and old age benefits.
It is estimated that by the year 2045, more people will be over the age of 60 than under the age of 15 worldwide.
The demographic challenge refers to both dealing with an ageing global population as well as finding adequate supplies of skills needed to maintain economic activity.
The event, which is open to the general public and members of the media, will take place at Room V of the ILO’s headquarter in Geneva.
For more information, please contact the ILO Department of Communication at +4122/799-7912 or communication@ilo.org.
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