SINGAPORE employers value their older workers and seven out of 10 say their mature workers do not add to their costs, according to a new study.
The survey of 103 companies also found that four in five do not have any age preference when hiring workers.
These key findings were unveiled yesterday by the Tripartite Alliance for Fair Employment Practices (Tafep).
The online survey, done between January and February, asked employers about their perceptions and hiring practices when it came to older workers.
It was carried out by Tafep and Britain-based Chartered Institute of Personnel and Development, and was presented at Tafep's fair employment conference yesterday.
Its other findings include:
- Two in three felt younger managers often find it difficult to manage older staff;
- Seven in 10 said training was vital in ensuring older workers were able to work effectively up to age 62 and beyond.
The study also recommended that more training and support be given to older workers and their managers, as well as more flexible job options to encourage a greater number of seniors to keep working.