Japan News: Work until 80:

https://the-japan-news.com/news/article/0006698274

Article:

Major home electronics retailer Nojima Corp. has introduced an employment system that allows all employees to work until the age of 80.

The company aims to make use of the expertise of its veteran employees with extensive in-store sales experience and bring about positive impact on training younger employees. It is a rare attempt by a major company to extend the employment period to this age.

Ideas:

What a great idea. This is long overdue in Japan with its advanced aging society and many workers wanting to continue to work. Why don't more companies try to do the same thing in the future?

Companies lose a lot of knowledge and experience when they don't find ways retain or allow older workers to continue. Even if its just one year contracts, and even if its just no pension benefits beyond a certain age as long as they can work and contribute to the company.

And then the idea of being able to train and help younger workers in the company.

If more Japanese companies did this the level of productivity of companies may actually improve.

Article:

The company revised its internal rules on July 1 for the new system.

The retirement age at Nojima is 65, but the company will continue to employ workers after that age under one-year contracts as temporary employees. The working arrangements and salary will be decided through talks between the company and workers on a case-by-case basis.

One of the company’s strengths is that it employs its own in-house sales staff rather than relying on temporary sales staff dispatched from home electronics manufacturers. Speech

Ideas:

Maybe this company can be bench marked and used as a model for other companies in the future who want to consider doing the same thing.

If companies have competent and reliable workers why would it want to just replace or get rid of them if they are good for the company.

Of course every company and or every company situation might not fit what this company is doing but is a long overdue experiment that should be replicated by other companies in Japan.

Have a nice day and be safe!