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Having older employees 'better for business'
Published: 21 Feb 12 15:02 CET | Print version
Online: http://www.thelocal.de/money/20120221-40883.html
Having employees between the ages of 45 and 67 increases a business' productivity, the German government announced on Tuesday in a report examining age-equality in the workplace.
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Germany has become a leading force in the EU regarding age-equality in the workplace over the past decade, with the steepest rate of increase of working 60 to 64-year-olds. In 2010, the employment figure for this age bracket went up from 38.4 percent to 40.8 percent.
Labour Minister Ursula von der Leyen called the increase “a considerable success,” in a statement released with the study on Tuesday.
“Soon we will have more people between 60 and 64 working than taking retirement,” she said. “Our ultimate aim is to make being employed over the age of 60 the norm.”
Experts at the Centre for European Economic Research (ZEW), who carried out parts of the study, found that the productivity of a company increases by 0.5 percent with every percentage of the proportion of 45 to 50-year-old employees increases.
Having workers in that age bracket can even boost a company’s performance by an average of two percent, the report said.
But Michael Sommer, the head of the DGB trade union association, criticised that many older workers had precarious jobs without social benefits.
"We have 800,000 people aged between 55 and 64 who only have mini jobs," he said after meeting with von der Leyen in Berlin on Tuesday.
The Local/DAPD/jcw
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Your comments about this article:
I know people under 40 here who have been told in no uncertain terms that they are too old for jobs/training courses they had applied to. In my experience, Germany is the most ageist society I have come across..... 35 seems to be a critical age here in terms of finding some sort of permanent work, otherwise it's bottle collecting and random fist waving......
Karl-Berlin.
Over 50 forget every getting a real job again,never mind the bullshine spread in the press about boom time in German.