Curbing Retirement Decisions: Innovative Retention Service Debuts in Japan

An innovative service has made its debut in Japan aimed at curbing retirement decisions. The service seeks to address the multifaceted issue of Japan's ageing workforce and the country's increasing ratio of retired citizens to working population. The details around how the service works and who is behind its conception remain to be unveiled.

Due to its low birth rate and high life expectancy, Japan is struggling with severe workforce shortages attributed to the rising number of retirees. The news of such a service is significant for Japan's labor market as it might provide a new solution to retain older workers longer. Providing older employees with options to remain engaged in the workforce is socially evaluated and linked with the idea of respecting their experience and wisdom.

Considering countries like the U.S or EU members with more balanced demographic distributions, they have measures focusing on active ageing and extended working lives, but the idea of a dedicated service specifically intended to convince people to delay retirement is rather unique to Japan's specific demographic issue.

Information for Your Country

For those living outside Japan, if interested in practices related to retaining an ageing workforce, resources such as The European Agency for Safety and Health at Work (EU-OSHA) and The U.S. Department of Labor might be useful.