48724
Firms are rehiring skilled retirees to pass their know-how on to young workers.
Firms are rehiring skilled retirees to pass their know-how on to young workers.

Japan Firms Employ Retirees to Fill Labor Shortage

Japan Firms Employ Retirees to Fill Labor Shortage

With Japan in the grip of an economic crisis employers are turning to experienced older workers to lead the way.
In the tussle between youth and experience, a growing number of Japanese companies are declaring experience the victor, rehiring skilled retirees to pass their know-how on to young workers, ABC reported.
Sakae Kajita, 67, makes a daily commute to his office. He was forced to retire three years ago from his former position because his then employer's corporate policy was to retire workers once they reached the age of 64. But "retirement' is not in Sakae Kajita's vocabulary. "I like to keep myself busy," he said.
Kajita is back in the workforce after being lured to a new job, teaching graduates in his field of expertise—mechanical engineering in the electronics industry. He said he had a great deal of relevant experience to pass on to younger workers.
His employer agreed. "Kajita has very deep knowledge of the industry, but the most important thing is that he has a wide network. He has good connections with people who are potential clients for us," Advantec company manager Mikio Araki said.
Kajita was linked to his job by Pasona, a recruitment company which specializes in matching senior workers—often retired managerial staff—with appropriate companies.
"Every company has some sort of problem. The senior person we send them will give advice based on their expertise and, not only that, they can actually solve the issue on the spot," Pasona's president Takashi Watanabe said.
Pasona now has more than 3,000 experts on its books who are aged over 60 years old, and it says demand for older workers is growing. Japan's population is aging and its workforce is shrinking rapidly. In 40 years, 60% of the population will be over 65 and the workforce will be short an estimated 8.5 million people.
Carmaker Honda recently raised the mandatory retirement age to allow its older workers to stay in their jobs for longer.
It is among a growing number of large Japanese corporations to recognize the untapped resource of highly skilled older people as the nation grapples with the demographic challenges of the future.

Short URL : http://goo.gl/IC04TM
  1. http://goo.gl/tX2a4J
  • http://goo.gl/HDvBnA
  • http://goo.gl/96tFYE
  • http://goo.gl/d2Hmfg
  • http://goo.gl/utqzMN

You can also read ...

WB Predicts Myanmar Growth at 6.7 Percent
Given the government’s efforts to accelerate reforms and to...
Economists say the rise in rates would be much steeper if markets believed that Italy was actually prepared to go through with the plans. So far (the market reaction) has been clear, but not extreme.
The European Union's budget commissioner says he hopes Italy's...
Poland to Become Less Dependent  on EU Funds
The Polish economy will become less and less dependent on the...
New export orders in European manufacturing PMIs have been slipping for months and are likely to fall further in May.
While the on-again, off-again threat of an all-in trade war...
South Korea has ranked 5th with 1.1% expansion.
South Korea’s economic growth rate ranked fifth among members...
Qatar Bans Goods From S. Arabia, UAE, Bahrain, Egypt
Qatar is stripping shop shelves of goods that come from rival...
Talent Deficit May Hit Major APEC Economies
Asia Pacific faces an imminent labor shortage of 12.3 million...
N. Korea Not Seeking US Aid
North Korea on Sunday fumed at US reports that the country is...

Trending

Googleplus