The age of the octogenarian manager may be fast approaching if the predictions of new Labour Department report prove valid. “Older people in work: key trends and patterns 1995 – 2005” shows that the number of 50- to-64-year-old working Kiwis has more than doubled between 1991 and 2005.
It has prompted retirement commissioner Diana Crossan to suggest that while many people may want to stop work earlier, some will “want to keep working well into their 70s or older”.
The challenge for organisations will lie in how to mesh their needs with the demands for greater flexibility from this older workforce.
•A copy of the report is available from
www.dol.govt.nz
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