Retirement? No, thank you!
February 8, 2012 | In: Investment News
In Canada, half of employees (52%) now expect to have to work after reaching the official retirement age. Interestingly, half of them say that this reality … they like!
Specifically, these individuals indicated they would be happy to work for two additional years after the official retirement age. This is borne out of a survey conducted by consulting firm HR Randstad.
Thus, only 32% of employed Canadians expect to stop working before reaching the official retirement age. This result is consistent with trends seen in other studies, as the survey of the Bank of Nova Scotia who conducted last year found that 70% of Canadians planned to work after 65 years, the usual age of retirement .
“In the current shortage of skilled labor, this trend could have numerous benefits for both employees and employers. It can enable employers to benefit from a pool of highly qualified and with extensive experience in their field. Especially since these professionals can also act as mentors to young recruits, “said Jan Hein Bax, president of Randstad Canada.
The trend is, in fact, global. India, Mexico, Singapore and the United States, over 70% of employees say they expect to work later than the official age of retirement. Moreover, India and Singapore, over 75% say they will be happy to work two more years.
However, the trend is less in France, Germany, Luxembourg, the Netherlands, Spain and Switzerland: less than 30% of employees in these countries say they will be happy to work later that the retirement age.
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