Age‐inclusive HR policies and organizational climate: are older workers and employers on the same page?
Due to the improvements in living standards and healthcare, the average lifespan has been increasing, causing unintended consequences on the financial sustainability of pension systems (OECD, 2020). Increasing the years spent in the labour force has been widely identified as a possible solution for this issue. In this sense, the Netherlands is a pioneer country: it is one of the first that raised the statutory retirement age, while phasing out the financial incentives for early retirement. Changes in the labour force participation rates suggest that these decisions are already affecting workers close to retirement age. As the data in Figure 1 show, older workers have been increasingly active in the labour market in the past two decades. Hence, managing an ageing workforce will become a key priority for Dutch organizations (OECD, 2020).