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Employees Predicting Gloomy Future Of Work, New Study Shows

Allwork

One of the most striking findings from the survey is that “62% of workers think wages in comparison to the cost of living will worsen.” The survey also highlights the changing nature of retirement plans. While 18% of employees plan to retire by the age of 60, a significant “28% expect to work past the age of 70.”

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Older people less keen on early retirement than younger generations

Workplace Insight

Early retirement is a specific life goal for 65 percent of working-age adults around the world, with 70 percent of Gen Z employees (the highest proportion of any generation) actively working towards this aspirational goal. The way in which people view retirement, and particularly early retirement, is wildly different around the globe.

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Younger Generations are Gravitating Toward Freelancing

Allwork

are twice as likely to engage in freelance work or expect to, in comparison to their older counterparts. This is a stark departure from the reported 44% of Americans over the age of 35 who consider “making it” as having enough money for retirement. The data also reveals that 59% of U.S.

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Examining The Global Impact Of The Gig Economy Explosion

Allwork

In comparison, North America’s postings only grew by 14%. Nearly half of surveyed gig workers do not subscribe to a pension or retirement program, but this proportion can be as high as 75% in economies like Nigeria, according to the report.

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U.S. Government Shutdown Threatens Recruitment Efforts for New, Younger Federal Employees

Allwork

By the end of 2025, approximately 31% of the country’s 2 million full-time federal employees will be eligible for retirement, according to the Washington Post. Only 7% of full-time federal workers are reported to be below 30 years of age, a stark contrast in comparison to the 20% representation of this age group in the broader U.S.

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Brand Storytelling Guide: 7 Ways to Make Your Brand Pop

Success

And although direct comparisons with your competition should be avoided, you do know the grievances people have in a particular industry. We publicized retirement planning blogs as part of our brand story of caring for seniors. But research found that over 90% of our audience had already retired. Your offering resolves it.

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How Candidates And Managers Can Identify And Combat Age Discrimination

Allwork

Ageism is when employers treat an applicant or employee less favorably because of their age, which can apply to younger people with less experience, or older people who are close to what is traditionally considered retirement age. . If the images aren’t age inclusive, it’s a red flag for older workers. .