Yes? Great! Then consider this as a friendly recap.
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Knowing the age composition of your employees aids you not only in planning future needs for workforce, but also in identifying (and preventing the loss of) key employees, as well as those with the most experience. This, among other things, gives you the grounds for effective knowledge management.
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Having an insight into the age composition of a workforce gives you an important foundation, from which you can derive the age management needs of a company and help build a successful age management strategy.
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Older employees often possess more experience and knowledge, which you can learn from and improve your performance. Knowing who your colleagues are, and being considerate of differences also helps create a better work environment.