The proportion of elderly workers in the workforce will inevitably increase as the retirement age rises, accentuated by Singapore’s ageing population. Older employees bring a wealth of knowledge and experience to the table, complementing the younger generation’s inventiveness and technological know-how. To grow alongside its people, a company must first acknowledge and internalize the fact that Singapore’s future workforce will be older workers, and it must proactively endeavour to harness the capabilities of its diversified talent pool. Activities like reverse mentorship and hybrid workgroups can help with this.
Singapore Has The Highest Rate Of Age Discrimination In APAC
According to new research released by payroll and HR data business ADP, Singapore companies have among of the highest rates of age discrimination in the Asia Pacific region, with 17 percent of Singapore workers claiming to have encountered age discrimination in their present position. According to the poll results, which are part of ADP’s Global Workforce View 2020 study, the regional average is 12 percent, and the Asia Pacific area as a whole has the highest rate of felt discrimination in the world.
According to the research, workers over the age of 55 are the most susceptible to face ageism in singapore, followed by individuals under the age of 24. Finance, production, commerce, retail and transportation/warehousing are the industries with the highest prevalence of age discrimination.
As a result, it is in both workers’ and employers’ best interests to eliminate age discrimination in the workplace.