In Asia, eight in 10 employees look to depend on the government (80.9%) and employers (85.5%) to help mature workers remain employed for a longer period of time, per the Randstad Workmonitor quarterly survey.
The study, conducted across Singapore, Malaysia and Hong Kong (among other regions), with a minimum sample size per country of 400 interviews, found the sentiment resonated with more than half of the employees in other parts of the world surveyed as well.
Noteworthy was that Malaysian respondents ranked the lowest across the region in terms of their expectations from government and employers. At least seven in 10 employees believe that the government (76.1%) and employers (80.8%) should support their employability as they age.
Support may be provided through adequate learning and development programmes by either the government or employers to ensure the long-term employability of Malaysian employees.
Over in Hong Kong, similar to the regional average, more than eight out of 10 locals believe that their government (81.7%) and employers (85.4%) should support the employability of mature workers. Employees between the ages of 35 and 54 have higher expectations of the two parties and feel that it is their responsibility to keep mature workers in the workforce longer.
Natellie Sun, MD of Randstad Hong Kong said, “With an ageing workforce, we need to work together to break down social stigmas associated with mature workers. Organisations that provide age-friendly workplace initiatives will benefit from increased workplace productivity and reduced turnover rates.”
Meanwhile, at least eight in 10 Singaporeans believe that mature employees can only remain employed if they receive sufficient support from the government (84.7%) and employers (90.4%).
The results imply that mature employees have high trust in the government to provide subsidised training and career development programmes, and in their employers to offer a robust job training programme to assure their employability within the workforce.
Photos / Randstad