Ageless Employment: How to Counteract the Impact of an Ageing Population?
Ageless Employment: How to Counteract the Impact of an Ageing Population?
The issue of ageing population has been plaguing many countries and regions. In 2026, the Hong Kong population aged 65 or above will reach 23%. However, the golden generation (those aged 45 and above) will enjoy longer and healthier life and many of them are capable of continuous contribution to the society. On the other hand, due to the lengthened lifespan, the cost of living will be relatively higher in the elderly age and the population will still require a stable income well into old age in order to maintain their lifestyle. The problems of ageing population and poverty among the elderly are intertwining and may even risk spreading downwards. The corporate human resources policies embody far-reaching implications for the middle-aged and older employees. Increasing the productivity of the society, deepening the level of social participation of the middle-aged and elderly population and even reforming the system of retirement protection are the primary issues faced by citizens, businesses, government and academics alike.