PwC: Poland takes 29th spot in the highest older workers employment

Poland was ranked 29^th among 34 OECD nations in the latest ranking published by consultancy PwC which assesses the potential utilization of people over 55-years old. “According to PwC estimates, if the employment rate of 55+ people was comparable to that in Sweden, Poland’s GDP would increase by about $45 billion,” the report said. “Increasing the employment rate of older people is still one of the fundamental social and economic challenges facing the Polish economy. To make it possible for older people to have access to tools that allow them to continually improve their qualifications and to acquire new skills needed in the labor market. It is also necessary to actively promote lifelong learning, which is still relatively new in Poland, and it is important to remember that Polish seniors are one of the worst assessors of their health status in Europe. The group will also not be possible,” said senior economist at PwC Poland Mateusz Walewski said. According to the report, the employment rate in the 55-64 age group in Poland amounted to 44.3 percent in 2015 (42.5 percent in 2014) and 9.5 percent in the 65-69 age group (down from 9.7 percent in 2014). The average effective exit age from the labor force in Poland is at 61 years-old, placing Poland 29^th among the OECD countries. According to the report, there are three issues which would improve the participation of the senior citizens in the labor market. They include: financial incentives for employers; organizing trainings to improve the skills of older workers, and implementing anti-discrimination regulations. Iceland, New Zealand and Israel took the first three spots in the ranking respectively, Luxembourg, Slovenia and Greece placed in the last three spots.