Many global firms are missing out by failing to aggressively recruit and retain retirement-age workers.
By Garry Kranz Comments 0 | Recommend 0
Old and Unloved: Companies that have implemented recruiting and retention
strategies for older workers are a significant minority, according to a
comprehensive study by Manpower Inc. More than 28,000 people in 25 countries participated in the study. Only 14
percent of companies around the world are aggressively recruiting older workers,
defined as those age 50 and above. A mere 21 percent have strategies to retain
workers past retirement age. The data reveal that companies in 19 of the 25
nations are placing more emphasis on retention, rather than recruitment of older
workers. Companies in Singapore (48 percent), Hong Kong (42 percent) and Austria
(21 percent) lead the way in recruiting older employees, compared with 4 percent
of Swedish firms and 6 percent of companies in Spain, Norway, France and Taiwan.
Employers in Japan (83 percent) and Singapore (53 percent) are well ahead of
their counterparts in taking aggressive steps to retain workers, while only 1
percent of companies in Peru and the Netherlands do so. In the U.S., 18 percent
of companies say they are recruiting older workers and 28 percent are pushing
hard to retain those nearing retirement age.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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