Adapting to an Ageing Workforce: How Employers and Economies Can Benefit from Senior Employees

Abstract

As the global population continues to age, organisations and policymakers are increasingly challenged to adapt workplace structures and retirement systems to meet the evolving needs of older employees. This thesis explores how fostering successful ageing at work (SAW) can contribute not only to individual well-being but also to long-term organisational sustainability. SAW is associated with socio-economic benefits such as prolonged workforce participation, reduced turnover costs, and increased employee productivity. To support these outcomes, four organisational dimensions are identified as key contributors to successful ageing: person-work fit, job control, leadership, and opportunities for occupational growth. These factors are examined in relation to their ability to foster a sense of purpose and connection, two essential components in maintaining engagement and mental well-being among ageing employees, influencing individual successful ageing. Drawing on an extensive review of academic literature, this thesis provides practical recommendations for both organisational leaders and policymakers. These aim to support the development of more inclusive and age-friendly work environments, where the experience and expertise of older employees are valued and retained. Ultimately, the thesis advocates for a shift in how ageing is perceived in the workplace and encourages organisations to create environments that actively support individual successful ageing.