High employment rate among older workers in Switzerland
Compared with other OECD countries, Switzerland has one of the highest labor force participation rates among the over-55s. Nevertheless, in its recent report on the situation of older workers, the OECD concludes that an overall strategy is needed to improve age management in companies. The authorities should encourage the social partners to provide older employees with better offers and incentives to continue working into retirement age and beyond.
In 2012, Switzerland had an employment rate of 70.5 percent of 55- to 64-year-olds, almost 17 percentage points above the OECD average (54%). As in the other OECD countries, however, unemployed older people in Switzerland also find it significantly more difficult than younger people to get out of unemployment again. This is particularly the case for women and people with a low level of education.
The OECD recommends that Switzerland pursue an overall strategy and take further action in the following three areas: Strengthening incentives to work longer, removing barriers to the recruitment of older workers, and improving the employability of older workers.
The report can be obtained from the OECD be ordered.
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