Reference M-104
Required data:
The Age Ratio is a calculation representing the distribution of different age groups in order to understand age diversity within an organization.
Why use it?
Organizations may use age demographics so that they can offer benefits that are most relevant. Regulated industries may be required to maintain certain age ratio targets, which becomes more necessary with employees approaching retirement. Equal Employment Opportunity regulations may also necessitate tracking age data particularly relating to salary treatment, promotions and performance rating and ranking.
Required data:
Employee Age or Birth Date Example: 26, 52, 71, and DOB: January 17, 1956.
