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Silver Workers’ Wanted in Germany’s Booming Economy
The good news: A booming economy has seen German companies flourish in recent years. The very good news for the 50plus “silver workers” is that they are here to save the economic day – and come out of possibly premature retirement in the process! The same German companies that were sending their workers into early retirement just a few years ago are now rehiring back many of the graying former employees they have realized they really could not do without. According to the Federal Employment Office, the number of workers in Germany subject to social insurance contribution aged 55 and above has risen steadily from 2.77 million in 2002 to 3.11 million in 2006, with no end to this upward trend in sight. Jürgen Deller, a professor of industrial psychology at Germany’s Lüneburg University, calls the post-pension workers “silver workers”. In a study of the same name he interviewed 148 senior workers aged between 60 and 80. They ranged from managers of companies listed on the German stock exchange to former ministers to bakers and carpenters. Deller’s conclusion, as reported by Spiegel Online International: “Older people are needed in all areas and on all levels. Every level of complexity is in demand.” At the same time, research by the consulting firm Kienbaum yielded the same finding, the report added. “Small companies commonly extend the employment contracts of senior citizens or put them back to work for specific projects,” said Kienbaum’s Erik Bethkenhagen as quoted by Spiegel Online. German companies value the social and leadership skills of seniors, honed by years of experience.
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