Are there factors that make older workers a less attractive option than younger employees?
There are various factors that exist that discriminate against older workers. Firstly, higher salaries, particularly in markets like Japan and Singapore, where it’s senior-based wages that exist, so that is one reason that they think, oh, if I were to keep my older employer, I will have to keep paying him much more. Because this is how it exists. Secondly, if you have to keep older workers in the organisation there are higher insurance costs, they have higher medical costs. Then there’s this perception that older workers are very unproductive, or they have limited ability to work. That again works as a liability against them. There are challenges, there is no doubt that there are challenges, but there are also benefits that older employees can bring to the organisation. There’s a lot of loyalty, there’s reliability. And besides, we are generally living longer and healthier lives. And that’s why it’s important that we change the way we think! QNS: So how can companies promote age-friend
