Getting retirement right
The recent announcement that the coalition government is to phase out the default retirement age of 65 was met with apprehension by some employers. Concerns were expressed that by abolishing fixed retirement ages we are loosing a dignified way of retiring staff whose performance may be in decline. In addition, employers feared that unproductive employees would cling on to their jobs.
This parallels debates in the US when mandatory retirement ages were effectively outlawed in the mid 1980s. However, the US experience, and wider research, suggests that if HR professionals are doing their jobs effectively organisations have little to fear and perhaps something to gain from the change in the law.
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