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Lisa Taylor
lisa@challengefactory.ca
Longevity and the Future of Work
© 2019. Challenge Factory Inc. All Rights Reserved 1
Challenge Factory…
Works with
future-focused
Organizations
who want…
…the same level of
confidence in their
People Roadmap
as they do in their
Technology
Roadmap…
…so that they can
thrive, and sustain
competitive
advantage in an
increasingly
disruptive business
landscape.
future
©2019. Challenge Factory Inc. All Rights Reserved
2
foresight
insight
action
© 2019. Challenge Factory Inc. All Rights Reserved
3
© 2019. Challenge Factory Inc. All Rights Reserved 4
DEMOGRAPHICS
& LONGEVITY
CAREER
OWNERSHIP
FREELANCE
ECONOMY
PLATFORM
ENVIRONMENT
AI AND
ROBOTICS
Five Drivers Shaping the Future of Work
© 2019. Challenge Factory Inc. All Rights Reserved 5
We need to catch up to our own longevity
Social Security Life Expectancy
Today’s Life
Expectancy
• Introduced in 1966 – age 67 Flexible
Retirement started in 2010 74 82
• 1935- age 65 63 82
© 2019. Challenge Factory Inc. All Rights Reserved 6
Career timelines
have changed
© 2019. Challenge Factory Inc. All Rights Reserved
7
Longevity is
Revolutionary
© 2019. Challenge Factory Inc. All Rights Reserved
Source: Talent Revolution: Longevity and the Future of Work, Taylor and Lebo, p. 17
Impacts norms, situations &
behaviours
All at the same time
Affecting everyone
Understandable patterns and is
predictable
Right now – and urgent!
8
We are all actors in this
revolution
What stories are we
telling?
9© 2019. Challenge Factory Inc. All Rights Reserved
All dressed up but
nowhere to go
10© 2019. Challenge Factory Inc. All Rights Reserved
High
Low
DemandforLabouraged50+
Supply of labour aged 50+ High
Capacity
Surplus
© 2019. Challenge Factory Inc. All Rights Reserved 11
Norway has a high
participation rate of
workers over age 50… but
are talent escalators
broken?
12© 2019. Challenge Factory Inc. All Rights Reserved
We need to rethink our employee lifecycle
© 2019. Challenge Factory Inc. All Rights Reserved 13
Shift thinking, debunk
myths and shape a
different Future of Work
for everyone.
14© 2019. Challenge Factory Inc. All Rights Reserved
Age-based myths
generally focus on
performance or costs.
15© 2019. Challenge Factory Inc. All Rights Reserved
EXCESSIVE
SALARIES
SQUANDERED
INVESTMENT
INTERGENERATIONAL
PERFORMANCE
CHARACTERISTICS
BEST BEFORE
DATES
DIMINISHED
PRODUCTIVITY
The 5 Myths
© 2019. Challenge Factory Inc. All Rights Reserved 16
“Misuse or underuse of older workers
and their talent is what is expensive.”
© 2019. Challenge Factory Inc. All Rights Reserved
35 65
Option A? Option B?
17
(Taylor and Lebo, 2019)
How much more innovation could
occur if we caught up with our own
longevity?
© 2019. Challenge Factory Inc. All Rights Reserved 18
…And what happens if we
perpetuate the myths?
Answer: We'll waste time building
better carriages for faster horses
© 2019. Challenge Factory Inc. All Rights Reserved 19
Let’s get to
work!
© 2019. Challenge Factory Inc. All Rights Reserved 20
Lisa Taylor
lisa@challengefactory.ca

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