Summary of Is 75 the New 65?

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Sponsored by Towers Watson, this Economist Intelligence Unit report presents the concerns and solutions of senior executives at 480 European companies regarding the challenges of an aging workforce. getAbstract recommends their insights to any manager dealing with older workers.

In this summary, you will learn

  • How the aging European workforce shapes coming employment trends,
  • What these trends can mean for employers everywhere and
  • How firms can make the most of older workers’ potential in creative ways.
 

About the Author

The Economist Intelligence Unit prepared this report – written by Neil Baker and edited by Monica Woodley – on behalf of Towers Watson.

 

Summary

Europe’s aging workforce presents a set of issues – including rising benefits costs and clogged promotion pipelines – that are germane to many employers. In Europe, the working-age population is shrinking and aging, a trend that’s likely to continue. If the retirement age rises, the ranks of older workers will keep growing, leaving fewer positions for the younger workers who support social programs and pensions for the aged. Many European governments have raised the age of retirement. Yet firms must retain older workers and engaged them for longer than anticipated when they were hired. Possible alternative arrangements include part-time employment...


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