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Sweden – Greater flexibility encourages workers to postpone retirement

20 January 2014

A third of Swedes over the age of 50 would be willing to postpone retirement if they were able to work flexible hours or become part-time employees, according to a survey from Manpower Work Life.

Monica Längbo, HR Director at ManpowerGroup Sweden, commented: “It’s gratifying that so many people are willing to work longer, partly for the global skills shortage and partly to ensure a smooth transition between the generations. Working longer is also necessary to ensure an adequate pension for the future.”

More than three-quarters (77%) of respondents agreed that they don’t want to simply stop working. Instead they would prefer to gradually taper off as they get older.

“Social partners need to make it easier for employees to work longer. By creating flexible solutions retirees can continue to contribute their knowledge, thereby creating new opportunities for both the staff and the company,” Ms Längbo added.

According to the survey, the top five actions a company can take to encourage workers to postpone retirement are;

  • 33% - Offer workers the chance to become part-time
  • 31% - Provide greater flexibility in where and when employees carry out their work
  • 27% - Allow employees to work intermittently
  • 25% - Allow employees to mentor/coach younger colleagues
  • 18% - Allow employees to become self-employed or work as consultants

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