Read more Arnab Banerjee
Principal - Thought Leadership &
How to prepare for a
Our life expectancy is increasing, and of the
future generations to enter the labour market,
it is expected that many will be able to
celebrate their 100th birthday. It has been
envisaged that the first person to reach 150
has already been born.
As we begin living longer, the labour market
will change and we will have to reconsider the
ways in which we work and plan our career.
We are used to thinking about our working life
in three stages - education, work/career and
retirement. But as we get older and retire later
both employers and employees must start
If we continue the traditional three-phase
model, education, career and retirement
during a life that could easily last up to 100
years, then the last two phases will be much
longer. Therefore, we may have to start
thinking in several phases.
New stages of life
What will middle-aged look like if most of us
live to 100? Could it be that many would like
to have a career before they get married and
start a family with a second career later in life?
For some people and in certain industries, the
traditional three-phase model may still make
sense. For others, it would be more beneficial
to re-build the traditional working life.
Education and learning will be crucial to
staying longer in the labour market. As
technology and methods of working develop
faster and faster, what you learned as a 20-
year-old might not be relevant at the age of
50. If you are not constantly evolving and
keeping up to date, it is easy to be left out.
Therefore, it is pivotal that we take care of our
own career and learning but also that
companies take responsibility and offer
courses, learning platforms and mentors to
encourage a learning culture and attract and