Workforce aging poses new challenges for Canadian business productivity

As the Canadian workforce grows steadily older, local businesses are navigating a shifting landscape that impacts overall economic output. A recent Statistics Canada report shows that workplace productivity steadily climbs as employees gain valuable experience, reaching its highest potential when teams average between 40 and 50 years of age. However, efficiency begins to taper off slightly among older demographics. The effect varies dramatically across industries, with physically demanding sectors like construction feeling the drop-off much sooner than administrative or financial fields. With demographics continuing to shift, Canadian companies face the crucial task of adapting their workplace strategies to maintain long-term momentum.

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