Why do the elderly still want to work?

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Don’t work? Don’t work later got alzhimer’s disease ah!”, said Teo Ah Bee, 64, administrator to our writer when asked if he wants to continue working after retirement.

The Council for Third Age commissioned a survey to the Institute of Policy Studies (IPS) to understand this further.

They found most elderly people in Singapore are keen to continue working after retirement. The survey covered more than 2,000 people between the ages of 50 and 74.

90 per cent of respondents felt that working after retirement is a good way to stay financially independent, stay connected with society and offers the elderly a sense of self-worth.

The employment landscape however, presents a different story.

Up to 53 per cent of respondents felt there were sufficient job opportunities for seniors. Nearly half (48 per cent) said there were no suitable jobs that could match their qualifications and experience.

To make matters worse more than 60 per cent of respondents felt that potential employers prefer to hire younger workers. A third of the respondents felt they lack job hunting skills, and this becomes a barrier to continued employment.

Deputy CEO of the Employment & Employability Institute (e2i) Ms Ang Li May share that they try hard to lobby employers – asking them to look at mature workers as people with years of experience who can contribute to the organisation.

“Internally, we also work with training providers to design programmes to guide HR and line managers on how to recruit based on competencies. So from that aspect, when employers are aware of how they can recruit based on competencies and when we refer people who are competent to the employers, hopefully there will be a job match”, said Ms. Ang

 

 

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