January 22, 2021

Senior talent claims its place

Senior talent claims its place


In the last ten years the senior population in Spain has grown by 20% and the number of people over 55 years of age has increased by 48.2% in that period. According to INE data, it is expected that in the year 2064 249 people over 70 years of age will live in our country for every 100 inhabitants They have not turned 20 years old. "It is clear that in our country less children are born and life expectancy increases. The sum of the two factors causes the population to age ", begins by pointing Alfonso Jiménez, managing partner of PeopleMatters. After a thorough analysis of the evolution of the Spanish population and labor market and the changes that are foreseen in the next ten years, the consultancy specialized in people management warns that "the need to manage more senior teams will mean a revolution in the field of Human Resources," he adds.

But not only grows the number of people over 55 who work. but also those who are unemployed. "The senior workforce grows at a fast pace just as senior unemployment increases. There are many more busy and more unemployed than ten years ago. The labor market is very different, "says Jiménez. People over 55 years old accounted for less than a third of the adult population ten years ago and now they are 37.7% (14.6 million of the 38.8 million that make up the Spanish adult population). The number of inactive people (not working or looking for work) of more than 55 years represents 67.7% of the inactive population, since, until recently, from that age people began to retire or were expelled from working market. «With the voluntary retirement since the labor reform of 2012 and pension benefits increasingly insufficient, the active population increases. This is a radical change in HR policies. ", states the managing partner of PeopleMatters.

«From the age of 45, the availability of the worker grows»

If until a few years ago, the big companies had been retiring their employees from the age of 55, they now have up to 67. "This change implies new needs such as preventive medicine, organizational changes or a lot of training," he adds, especially as regards it refers to digital competences. It also implies a cultural change, «Of respect to the elderly people who work in the company». It should be noted that the working life of the elderly is extended especially for those who have completed higher education (24.3% of the total managers and managers are people over 55 years). Professions such as doctor, musician, lawyer or academic tend to be longer.

Pilar Llácer, responsible for professional careers at EAE Business School, believes that this new reality entails for companies the challenge of "being more flexible and personalized". The increase in the quality of life allows people over 60 to be in full intellectual capacity. "A senior can contribute a lot to companies as a consultant, knows how things are done in the company and can pass on that knowledge to young people. The modality of contract will change, "he says.

Greater flexibility

The III DCH barometer on talent management, developed by EAE Business School and DCH, "shows that the 4.5% increase in hiring a more senior profile ». In his opinion, it is a challenge for companies and society to adapt to the reality of workers, "young people need more flexibility, as well as parents. From the age of 45, there is once again a great availability and availability, especially of women after a period in which they have devoted much to the family ». In fact, The increase in women in this segment has been especially relevant, with an increase of 86%, as a result of the incorporation of women into the labor market in the baby boom generation. Of the 780,500 elderly women who have joined the country's active force, 77.9% (608,200) have jobs. "A decade ago there were few women with more than 55 years," says Jiménez. The ratio of inactive women over 55 years of age with basic education is double that of men with the same educational level (15.6 and 7.4 respectively). Llácer highlights the importance of the senior woman in the labor market, "a very high number wants to rejoin the work and does it with force".


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