According to Randstad Canada's latest global Workmonitor survey, a
majority of Canadian employees says they will continue to work after
they reach retirement age, and many don't mind.
TORONTO, Feb. 7, 2012 /CNW Telbec/ - According to the results of
Randstad's latest Global Workmonitor, surveying employees in 29
countries around the world, over half of Canadian employees expect to
keep working beyond their official retirement age. Interestingly
enough, nearly half of the respondents say they're happy about it.
While 52 per cent of Canadian workers anticipate working beyond the age
of retirement, nearly half say they'd be happy to work for an
additional two years beyond the official retirement age, a percentage
that's even higher in the US (59%). Just 32 per cent of Canadian
workers report that they expect to stop working before they reach
The findings are reflective of other trends shown in polls like the 2011
Bank of Nova Scotia survey, which found that 70 per cent of Canadians
plan to work past the usual retirement age of 65.
Jan Hein Bax, President, Randstad Canada says the ageing population will
have a significant impact on the local workforce, and that employee
willingness to work beyond the official retirement age should come as a
relief to many employers. "In the context of the imminent skills
shortage, this trend may be a win-win situation for both employees and
organizations. It is an opportunity for employers to tap into a pool of
highly experienced and skilled workers who can also act as mentors for
the younger generations of workers,'' he says.
In most countries, the same sentiment is shared. In India, Mexico,
Singapore and the US, more than 70% of employees say they expect to
work past retirement. Similarly, in India and Singapore, more than 75%
of workers say they would be happy to work 2 years beyond retirement.
In France, Germany, Luxembourg, the Netherlands, Spain and Switzerland,
however, employees are less inclined to work beyond their retirement
age: less than 30% say they'd be happy to work beyond the age of
According to Bax, it's time for employers to realize the benefits of
attracting and retaining mature workers. "Mature workers are willing to
continue working past retirement age for many reasons, including
financial stability, social interaction or intellectual stimulation,"
he says. "Employers must find better ways to retain and attract
Canada's still-ready-and-willing mature workers in order to gain a
competitive advantage amongst today's ever-changing work force."
Source: Randstad Canada
A complete press report, including detailed regional differences, is
The Randstad Workmonitor: After the successful introduction of the Workmonitor in the Netherlands
in 2003 and more recently in Germany, the survey now covers 29 countries around the world, encompassing Europe, Asia Pacific and the Americas.
The Randstad Workmonitor is published four times a year, making both local
and global trends in mobility regularly visible over time.The quantitative
study is conducted via an online questionnaire among a population aged
18-65, working a minimum of 24 hours a week in a paid job (not
self-employed). The minimal sample size is 400 interviews per country,
using Survey Sampling International. Research for the fourth wave of
2011 was conducted October 24 and November 14, 2011.
About Randstad Canada: Randstad Canada is the Canadian leader for staffing, recruitment and HR
Services. As the only fully integrated staffing company in the country,
we understand the recruitment needs and demands of employers and job
seekers across all levels and industries. Through our insightful
knowledge of local markets, employment trends and global network of
recruitment experts, we are shaping the Canadian world of work. Visit randstad.ca
Randstad Canada anticipates tremendous growth in 2012 and is seeking top
talent to fill positions in nearly every area of the business. Visit http://www.randstad.ca/about/internal_careers.aspx for internal job openings and to learn more about why Randstad is one
of the best places to work.
SOURCE RANDSTAD CANADA
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