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Article

25 Jul 2012

Author:
Alicia Clegg, Financial Times

How to help the aged at work

Statisticians estimate that by 2020 the proportion of German workers aged over 50 will climb from 25 per cent to 45 per cent. Other European businesses face similar challenges, as do employers in other countries, including Japan, Singapore and South Korea...The result is management dilemmas, ranging from how to benefit from the skills of older workers without letting them take all the best jobs, to debates on workplace design and strategies for ensuring that employees’ knowledge does not suddenly leave with them when they retire...[T]here are fewer 70-year-old workers in Europe – which only recently banned age discrimination – than in the US, which did so in 1967. However, with the convergence of equality laws, a greying workforce and a dwindling supply of talent, businesses may look more favourably on older employees. [See article for adaptation tips & examples of changes made by BMW, BT, GE; article also mentions RMS, PwC]