Older workers in China and other Asian nations are most vulnerable to displacement from increasing adoption of workplace automation, according to “The Twin Threats of Aging and Automation,” a new report released today by Marsh & McLennan Companies’ Global Risk Center. The convergence of an aging global population with workplace automation is expected to have significant economic and societal consequences, particularly[Read More…]
AARP’s latest study on work and career shows that many older workers are interested in working into retirement, with a focus on flexible work arrangement such as part time work and consulting. KEY FINDINGS In total, more than one-third of working Americans age 50-64 (37%) anticipate working for pay post retirement from their current career. Among those who will seek[Read More…]
The world is aging, and that matters for growth. In the past, an abundant and growing labor pool was a powerful engine of the world economy; today, the number of workers is starting to decline in many countries. This leaves no alternative but for companies, individuals, and governments to work in smarter ways. In an era of profound demographic change,[Read More…]
Historically low birth rates and increasing life expectancy mean that Europe’s working population is ageing fast. In 2012, the continent reached an inevitable demographic tipping point. The percentage of the population at working age fell for the first time in 40 years. It is now forecast to fall every year until 2060. This inescapable trend will have profound implications for[Read More…]
Older workers have reasonably good prospects for extending their working careers according to a new survey of employers by the Center for Retirement Research at Boston College. Although older workers are seen as costing more, they are also viewed as more productive. Overall, over 80 percent of employers said older workers were “as attractive” or “more attractive” than younger employees.[Read More…]
B&Q has long recognised the benefits of working with people of mixed ages, it employs 39,000 people, spanning from age 16 to 93 with over 25% of its workforce aged 50 or more, balanced with 22% being under 24 years of age. One of B&Q core values is “respect for people”, which is about creating a welcoming and inclusive environment[Read More…]
Increased life expectancy and reduced fertility rates in Europe create a tension between social welfare systems and the labour market. According to the Commission’s European Employment Observatory (spring 2003), the 16-29 years age group will decline by 13 million people between 1995 and 2015 in the 15 Member States of the European Union (estimated for the EU before the enlargement[Read More…]
In the face of rapid population ageing and the trend towards early retirement, there is a need to promote better employment opportunities for older people. Much has been said about the need for reform of old-age pensions and early retirement schemes but this may not be sufficient to raise employment rates for older people significantly or to reduce the future[Read More…]
In the face of rapid population ageing and the trend towards early retirement, there is a need to promote better employment opportunities for older people. Much has been said about the need for reform of old-age pensions and early retirement schemes but this may not be sufficient to raise employment rates for older people significantly or to reduce the future[Read More…]
People over 60 have accounted for more than 10 percent of the total number of employed people for two consecutive months, the National Statistical Office said yesterday. According to the report, 2.3 million older people were working at the end of May, or 10.3 percent of the employment total. This reflects the growing number of older people who are actively[Read More…]
