However, the population is ageing and shrinking.

Number of working-age people shrinking – need for qualified staff

While in 2015 there were still some 49 million people of working age, by 2060 there will be nearly 11.5 million fewer. In society as a whole, an ever-smaller number of working-age people will, in the years ahead, have to pay the rising costs of retirement pensions and healthcare for the generation that is leaving the labour market. Moreover, businesses and administrations will increasingly face challenge to fill their vacancies with qualified staff.

The consequences of Demographic change could be alleviated by activating the additional skilled labour potential in Germany and abroad. For example, the hidden reserve in Germany includes well-educated women who do not work full-time, and over-50s who would like to continue their professional activity. Recruiting international qualified professionals is another promising possibility.