Workforce in NZ is shrinking, analysis shows businesses will need older workers to keep working.
BusinessNZ, Southern Cross Health Society and Gallagher Bassett study, titled Wellness in the Workplace, shows only 12.6% of NZ businesses have policies or arrangements in place for older workers.
He said over the next few years a large proportion of the workforce will approach retirement age, representing a lot of experience and wisdom leaving the market.
Mr O’Reilly says that just because they’re nearing the age of retirement doesn’t necessarily mean an employee wants to give up work but they may want more flexibility such as reduced hours of work, flexibility in working time, lighter duties and a degree of focus on transition to retirement.
A September TNS survey commissioned by Southern Cross showed that almost 40% of New Zealanders expect to work past the current retirement age of 65, citing needing the income as the main reason. READ MORE