Low wages, poor quality jobs and ill-health limit retention Reasons for leaving by change of status, 2022 (as a % of all workers quitting a job) Switched jobs (25-64) Retired early (50-64) % % 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 Source: OECD (2023), Retaining Talent at All Ages In some OECD countries, employers are offering more benefits in job postings amid tight labour markets Share of o. [...] Opportunities to discuss career options become less common with age Share of workers (35+) who responded "Agree" or "Strongly agree" 35-44 45-54 55-64 % % 60 60 50 50 40 40 30 30 20 20 10 10 0 0 Regularly review options for job or career Feels comfortable asking for a promotion Feel comfortable asking for a raise Source: OECD (2024) Promoting Better Career Choices for Longer Working Lives. [...] Source: Survey of Adult Skills (PIAAC) (2012, 2015 and 2018) Job strain affects four out of ten workers across the world Incidence of job strain, OECD average, 2015 % % 50 50 45 45 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 Men Women 15 to 29 30 to 49 50 to 64 Low-skilled Medium-skilled High-skilled Gender Age Education Source: OECD (2020), Promoting an Age-Inclusive Workforce. [...] High job to: Low Low Low job job job Medium Medium Medium job job job High High High job job job -15 -10 -5 0 5 10 15 20 -15 -10 -5 0 5 10 15 20 -15 -10 -5 0 5 10 15 20 % % % Source: OECD (2024), Promoting Better Career Choices for Longer Working Lives. [...] Low educated workers are more likely to be working part- time because they cannot find a full-time job Share of part-time workers who could not find a full-time job by age and level of education, 2017-2020 35-54 45-54 55-64 % % 45 45 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 0 0 Low Medium High Source: OECD (2024), Promoting Better Career Choices for Longer Working Lives.
Authors
- Pages
- 37
- Published in
- Canada
Table of Contents
- Ageing and employment policies: key challenges, lessons and go 1
- Rising economic burden on workers if no action is taken 2
- Employment rates at older ages are rising 3
- A higher share of older workers can boost productivity directly 4
- Employers have few policies in place to support multigeneration 5
- OECD policy agenda for better work choices at an older age 6
- Rewarding WORK AND LATER RETIREMENT 7
- Many workers leave the labour market prematurely 8
- Employment rates remain low for low-skilled workers 9
- Few workers combine work and pensions 10
- Key lessons and good practices: Rewarding work and later retire 11
- ENCOURAGE EMPLOYERS TO RETAIN AND MANAGE AN AGE INCLUSIVE WORKF 12
- Retention of workers towards the end of their career is a major 13
- Low wages, poor quality jobs and ill-health limit retention 14
- In some OECD countries, employers are offering more benefits in 15
- Opportunities to discuss career options become less common with 16
- Use of career guidance services, by socio-economic and demograp 17
- Workers in Japan and Korea have the least job flexibility 18
- Seniority wages can be a barrier to job retention 19
- Key lessons and good practices: Encouraging employers to retain 20
- Facilitate career mobility and employability throughout working 21
- Older unemployed have a harder time finding jobs 22
- Older workers are less likely to participate in training 23
- Workers face many barriers to participating in training 24
- Job strain affects four out of ten workers across the world 25
- Mobility rates decline as people age 26
- Older workers who change jobs are more likely to experience wag 27
- Older workers who change jobs see improvements in flexibility, 28
- Most wage growth over the lifecycle takes place within firms 29
- The role of job mobility in firm-level productivity-wage pass-t 30
- Low-to-low skill transitions as a share of total transitions ar 31
- Low-skilled workers who change occupation do not experience wag 32
- Older workers often move voluntarily to jobs involving more rou 33
- Low educated workers are more likely to be working part-time be 34
- Workers lose confidence in their ability to find work with age 35
- Key lessons and good practices: Adopting a life cycle approach 36
- Thank you 37
