The Demographics of the Population Indicate That Canada Has an Aging

question 13

Essay

The demographics of the population indicate that Canada has an aging workforce. What will the workforce look like in 15 years? What are the implications of this trend for employers, workers, and the Canadian government?

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Definitions:

Flexible-Benefit Plans

Employee benefit programs that allow individuals to choose from a variety of pre-tax benefits according to their personal needs and situations.

Skill-Based Pay

A compensation system that bases employee pay on the skills, knowledge, and abilities they possess, rather than job title or position alone.

Skill-Based Pay

Skill-based pay is a compensation system where employees are paid based on the range, depth, and types of skills and knowledge they possess, rather than their job title or position.

Flexibility

The quality of being adaptable or variable, especially the ability to respond to changes in circumstances or environments.