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‘Unretirement’ - why more Thai retirees are returning to work

‘Unretirement’ - why more Thai retirees are returning to work

11 Sept 09:02 Key points summarised by AI
  • Thailand's 'unretirement' trend addresses a shrinking workforce by leveraging the extensive experience and knowledge of its growing aged population.
  • Retirees offer valuable mentorship, flexibility, and cost-effectiveness, making them attractive hires for companies seeking to fill labor gaps and train younger employees.
  • While seniors bring benefits, challenges like outdated skills and potential ageism at operational levels necessitate government investment in retraining and companies offering flexible work arrangements.
  • For many Thai seniors, returning to work is a financial necessity, driven by insufficient pension systems and widespread debt, rather than a personal choice for engagement.
  • The current pension system often fails to provide adequate income, highlighting a critical need for reforms to ensure financial security and dignity for the elderly in Thailand.
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