Wednesday, October 19, 2011
Raising Age of Retirement to 60
Government had all the good intentions for raising the retirement age to 60 in the public service. It's to retain the services of the well trained and experienced personnel for yet a few more years while the younger ones get their exposure and training. It would also keep able bodied employees to go on working without the having to search for a new job to make ends meet. It would also ensure that experienced workers do not have to leave the service in great numbers leaving greenhorns to handle the job.
BUT the younger people who are searching for employment must necessarily be disturbed. Though government had promised that the creation of new job opportunities will not be jeopardized by the extension in retirement age, it will be the managers who are left to keep the door for new employment open. If they decide to shut the door for a while to take stock of their existing employees, the impact will be strongly felt in the job market, and there's nothing that the government can do to reduce its backlash on the good intention of the policy. The government is certainly putting its future in the hands of the managers.
One obvious response is now seen, from the Public Services itself. It is learnt that the Public Service will not conduct any new recruitment as a result of the extension in retirement age. All existing vacancies will not be filled in. For how long, no one knows. But the universities, the institutions of higher studies and the schools are going to pour out more and more young men and women into the job market. The government being the most important employer in the country would be asking for trouble if the public service closes its door to new recruitment as a result of the newly announced policy.
More importantly, the private sector might follow the Public Service lead. It might also decide to close its door to new recruitment since the attrition rate of existing employees will suddenly take a plunge. Where, therefore, will the new entrants into the labor force go to find jobs? The Public Service should never have frozen efforts to take in new recruits to fill in existing vacancies. It will totally destroy the good intentions of the new government policy. Unless government has other plans to employ the new entrants to the labor force, the action of the Public Service will turn the new policy into a bane.