Singapore's labour crunch: Look at productivity, not age as another approach

Experts suggest that reviewing compensation structures, raising or removing the retirement age in companies, and having flexible work arrangements could improve the employability of older workers. They also agreed that there is a need to shift mindse
Experts suggest that reviewing compensation structures, raising or removing the retirement age in companies, and having flexible work arrangements could improve the employability of older workers. They also agreed that there is a need to shift mindsets among employers to recognise the value of older workers in their organisations. Studies also show that multigenerational workforces are more productive and have less turnover than those without age diversity.ST PHOTO: JASMINE CHOONG

Given the need to tap the older workforce as well as provide good jobs for ageing Singaporeans, how can companies be encouraged to hire and retain older staff?

Suggestions from experts often involve better measurements of workers' contributions.

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A version of this article appeared in the print edition of The Sunday Times on January 13, 2019, with the headline 'OTHER APPROACHES: Look at productivity, not age'. Print Edition | Subscribe