Key Points
The Centre has initiated internal discussions on engaging and hiring retirees for part-time work, consulting roles and mentorship functions in sectors such as education and healthcare, which are facing demand-supply gaps in talent, said officials...
The government could come up with measures including incentives for employers to hire retirees through part-time work arrangements and flexible retirement age policies, a senior government official told ET...
Other measures such as a minimum wage framework for people above a certain age based on prior experience, along with phased retirement and modification of roles and responsibilities, are also under consideration, said the official, who did not wish to be identified...
"India is ageing at a rapid rate and the government is trying to see how we can harness the experience of our elderly while ensuring jobs for younger generations are not compromised," said the official...
Many nations, especially the ones with ageing populations such as Japan, Spain, Italy, Germany and France, are contemplating how best to use the professional experience of their older workers, including those exceeding the age of professional retirement...
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