The estimates day that ageism Singapore has one of the most swiftly increasing aging populations globally, which also means that the workforce is aging rapidly. The workforce and the participation rate of the habitants of Singapore are estimated to be by people of the age group of 65 years and above which, and the percentage of this is expected to increase up to 30 to 40%, respectively.
ageism in singapore will not only affect individuals, but it can also affect businesses as much as it will affect society as a whole. But cutting out the people of this particular age group altogether can make the company suffer losses rather than obtain gains. Businesses tend to lose their essential work experience and knowledge of the workers of this particular age group they have collected all over the years. This knowledge may also give way to necessary work experience and skills; these two components are not the only two that help in a business’s development and expectations.
How to lessen the age gap between mature workers effectively?
Although the commencement of the new anti-discrimination laws in Singapore might help protect the seniors working in the industry, there’s no surety that these workers will not bear the force of social standards, even if they continue to be branded as slower or old fashioned. The past surveys on ageism at the companies showed that age discrimination is a widespread problem among experienced older and the coming of age younger population in Singapore.