Raising retirement age to 67 is a win-win situation for ComfortDelGro and its staff
By Christopher Tan, Senior Transport Correspondent, The Straits Times, 30 Aug 2016
Three years after ComfortDelGro Corp raised its retirement age to 67, the transport giant sees no downside to having older workers.
In a sector where stamina, alertness and vigour are prized prerequisites, ComfortDelGro has found its older workers not wanting.
Today, slightly more than 3 per cent of its 12,400 employees in Singapore are at least 65 years old. And about 10 per cent are between 60 and 64 years old.
In response to queries from The Straits Times, its head of human resource, Ms Daisy Chan, said this group is not more prone to absenteeism, mishaps or poor performance. In fact, older workers "possess a strong sense of commitment and work ethics, which we hope younger colleagues can emulate".
By Christopher Tan, Senior Transport Correspondent, The Straits Times, 30 Aug 2016
Three years after ComfortDelGro Corp raised its retirement age to 67, the transport giant sees no downside to having older workers.
In a sector where stamina, alertness and vigour are prized prerequisites, ComfortDelGro has found its older workers not wanting.
Today, slightly more than 3 per cent of its 12,400 employees in Singapore are at least 65 years old. And about 10 per cent are between 60 and 64 years old.
In response to queries from The Straits Times, its head of human resource, Ms Daisy Chan, said this group is not more prone to absenteeism, mishaps or poor performance. In fact, older workers "possess a strong sense of commitment and work ethics, which we hope younger colleagues can emulate".
"Older workers are also valuable in mentoring and coaching younger workers and in transferring knowledge to augment the training and developmental efforts of the company."
ComfortDelGro first raised its retirement age from 62 to 65 in 2012. A year later, this was raised to 67. This also applies to workers at local subsidiaries such as SBS Transit and Vicom.
Yesterday, rival transport operator SMRT announced that it was extending the re-employment contract age for its bus captains to 69.
Ms Chan said raising the ceiling is a "win-win situation".
ComfortDelGro first raised its retirement age from 62 to 65 in 2012. A year later, this was raised to 67. This also applies to workers at local subsidiaries such as SBS Transit and Vicom.
Yesterday, rival transport operator SMRT announced that it was extending the re-employment contract age for its bus captains to 69.
Ms Chan said raising the ceiling is a "win-win situation".