Employee-friendly practices refer to formal or informal terms and conditions that exceed the statutory minimum, designed to enable an employee to combine caring responsibilities with paid employment.
The world is aging rapidly. According to the United Nations Population Fund, people aged 60 and older make up 12.3% of the global population, and by 2050, that number is expected to rise to about 22%. Demographic aging as a global phenomenon is posing social and economic challenges to the global economy and the working population worldwide. To mitigate the impacts of aging on the labor force, some jurisdictions such as the United States, the United Kingdom, and Japan have been boosting the labor force participation rate by getting more individuals to join the workforce, including homemakers. Sometimes, it is.
