Hong Kong Companies Urged to Reconsider Forced Retirement Policies as Population Ages

Tuesday, 25 June 2024, 02:30

The survey highlights the need for Hong Kong companies to adapt their retirement policies due to the projected doubling of senior citizens by 2046. Emphasizing an open and transparent decision-making process on retention can yield mutual benefits for employees and employers. The findings from the Hong Kong Chartered Governance Institute report urge for a strategic reevaluation of forced retirement practices.

South China Morning Post — Hong Kong Companies Urged to Reconsider Forced Retirement Policies as Population Ages

Survey Insights:

Key Points:

Population Impact: The senior citizen population in Hong Kong expected to double by 2046.
Employee-Employer Relations: Open and transparent retention process can benefit both parties.
Governance Institute Report: Urges strategic reevaluation of retirement policies.

Considering the demographic shifts projected, companies in Hong Kong face a critical juncture in reshaping their retirement strategies to accommodate the aging workforce.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Survey Insights:

Key Points:

Related posts