The population in Europe is ageing quickly. According to the 2015 Ageing report, published by the European Commission, Europe is turning ‘increasingly grey’. Decreases of the population are expected in about half of the member states and currently, only France and Ireland have sufficient fertility rates in order to allow population growth.
Of course, the fact that we live longer and healthier is good news - life expectancy has increased on average by 10 years during the last 50 years. But the other side of the coin is that the demographic old-age dependency ratio, i.e. the share of people over 65 years old compared to the working-age population, is expected to double between 2014 and 2060, from 27.8% to 50.1%. This brings challenges for our labour markets to function efficiently and for the sustainability of our social systems.
Therefore, we need to look at how to raise participation rates of older workers, and how to retain older workers in employment in good health whilst ensuring their productivity. Part of this is promoting active ageing throughout the whole working life.
Why is it important for employers and business?
Employers are committed to protecting their employees’ safety and health at the workplace. There can also be a business case, by contributing to lowering sick leave and absenteeism rates, ensuring business continuity, increasing well-being and staff motivation and ultimately making workplaces more productive. Of course, different prevention programmes must be cost-effective for your company. Looking at cooperation and knowledge-sharing between younger and older workers is also a good way to ensure all workers’ continued involvement and contribution. This can be beneficial to the whole company in terms of sharing experiences and skills.