In recent years, there have been a number of factors which are affecting the demographics of Cyprus, which make the above statistics quite worrying. These are the following:
1. Cyprus’s accession in the European Union has eased the access in the market for many EU citizens for job opportunities.
2. The opening of the crossings since 2003 has opened the market for Turkish Cypriots.
3. More immigrant workers (e.g. domestic workers) are entering the workforce.
4. Increasing diversity in the workplace from a variety of others who either visit Cyprus for short periods of time or settle down for longer periods (e.g. offshore company employees).
5. More women entering the labour market.
6. Disabled people are becoming more common in the labour market.
7. Younger people (e.g. high-school students, college students, etc.) are entering the workforce while people of retirement age choose to stay in the workforce.
8. Homosexuals are slowly beginning to assert their right to be accepted as equals in the workforce.

As Cyprus is becoming more and more multicultural and more diverse in every aspect, it is becoming increasingly important to understand how to address and manage this diversity to everyone’s benefit. The people of different background, races, religion, culture, etc. create a diverse environment. Diversity features, might include: people from different communities and/or races, women in the workforce, people with disabilities, single mothers / parents, people of minorities, gays, etc. This diverse workforce needs to be managed effectively for the benefit of companies, as well as of the people that make up these companies. On the other hand, companies that accommodate the special needs of the demographically diverse workforce will become more appealing places to work and will thereby reduce absenteeism and turnover costs. It has also been asserted, that organizations that value differences will cultivate non-traditional markets, by their progressiveness, and their ability to assess non-traditional preferences and will enjoy greater creativity, problem solving and responsiveness as a result of the wider range of viewpoints brought to bear on tasks (Cox and Blake, 1991).