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Physical workload and thoughts of retirement
Merja Perkiö-Mäkelä1, Maria Hirvonen
1Finnish Institute of Occupational Health, Kuopio, Neulaniementie 4, Kuopio, Finland. merja.perkio-makela@ttl.fi
Work (Reading, Mass.)
|February 10, 2012
Summary
Many Finnish employees consider working past 63, especially those with lighter physical workloads. Factors influencing this decision include health, financial benefits, and job satisfaction, with health being key for physically demanding jobs.
Area of Science:
- Occupational Health
- Gerontology
- Sociology of Work
Background:
- Understanding factors influencing retirement decisions is crucial for workforce planning.
- The aging workforce presents challenges and opportunities for both employees and employers.
- Finnish labor market dynamics and retirement policies are evolving.
Purpose of the Study:
- To assess Finnish employees' intentions regarding working until retirement pension and beyond age 63.
- To investigate the relationship between physical workload and these intentions.
- To identify key factors influencing the decision to continue working post-63.
Main Methods:
- Survey-based study of Finnish employees.
- Analysis of opinions on retirement age and work continuation.
- Correlation analysis between physical workload and work continuation intentions.
Main Results:
- 39% of men and 40% of women had no early retirement thoughts; 59% would consider working past 63.
- Key factors for continuing work: own health (20%), financial gain (19%), meaningful work (15%), flexibility (13%), lighter workload (13%).
- Lower physical workload correlated with fewer early retirement thoughts and more consideration for working past 63.
Conclusions:
- Physical workload significantly impacts Finnish employees' retirement age considerations.
- Health concerns are a primary driver for continuing work, particularly in physically demanding roles.
- Policy and workplace adjustments promoting health and flexibility may support later working lives.
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