BC Stats InfoLine Report: BC's Aging Workforce

The leading edge of British Columbia’s baby boom generation is set to turn 65 next year. Many baby boomers have already retired, but the rate of retirement for this cohort is likely to escalate in the coming years, which could have serious implications for the province’s labour force. More than ever before, it will be critical for employers to have succession plans and training programs in place in preparation for the need to replace retiring employees. However, the ageing of BC’s population, which can be seen clearly in the population pyramid below, has implications for the labour force beyond just succession plans and training.

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Source: BC Stats