West has started hiring older workers – Time is Ripe for Indian companies to emulate
Given the increased lifetimes due to better conditions, today in US we are reaching a situation where the population of people 60 or more is higher than the population of kids aged 5 or less. Increasing vacancies are being created by the retirement of the baby boomers and this has created a situation that is ripe for the companies to start rehiring people 60 or older.
Companies are inviting older employees to come back and rejoin and calling this “Returnships”.
I feel inIndia though we are still enjoying the population dividend time for us to open our minds and explore how to use this vast talent of knowledge – possibly more as advisors and consultants which is also a trend in specialised skill sets like Power, oil and gas industry amongst others