Nowadays more and more older people compete with younger people for same job. What can be the reasons for this? What would you suggest as a solution?

In recent

decades there

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decades, there

is increased competition

between

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among

aged

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age

people with their younger counterpart for the same

job

position. Responsibility to support the family financially by older people is the main reason along with fitness and increased life expectancy which made it possible for them to work after

retirement

. Realistic pension scheme and quota system for

both

freshers and aged people can be solutions. To start with, not having enough savings for their retire life force them to compete with youngsters.

In other words

, to bear the expense of their daily needs as well as their dependents become a burden for them without having sufficient

money which

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money, which

eventually makes them search for a new

job

and compete against young people.

For example

, according to a

job

consultancy firm, 53%of people working in different private sectors of Bangladesh have no savings after their

retirement

age and start to seek a new

job

.

Moreover

, comparatively healthy elderly people with longevity than in previous years prefer to continue their working life. To explain

further

, as senior citizens feel

healthy

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healthier

more healthy

, rather than being a burden to others, they choose to work which makes them feel productive and increase their self-esteem. The key solution would be to enforce a reasonable

retirement

program by the state for older people. The government should make strict rules for every small and big company to have a mandatory pension scheme for their employees.

In addition

, the government should promote a fixed percentage of jobs for

both

young and their older counterparts.

For instance

, 30% of the posts that demand experience can be allocated to the aged candidate and 70% of those require high academic qualifications can be given to fresh graduate. In

this

way,

both

categories of employees will be benefited from each other sharing their knowledge and experience. In conclusion, inadequate financial support during their

retirement

age as well as healthy elderly people having a passion for working is two prime reasons for stiff competition of older people against younger counterpart. Law for reasonable pension policy by the government and recruiting a fixed percentage

from

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of

both

groups of candidate can be the solutions.