Allowing Diverse Human Resources to Excel

Allowing Diverse Human Resources to Excel (Seniors)

Transitioning to a Human Resources System for All Age Groups

Due to changes such as the reduced labor force and raised age for the start of pension payment resulting from the progression of the low birth rate and aging population, the creation of an environment which enables workers to continue contributing at any age and remain active for life is a social issue affecting Japan as a whole. Within the Group, there is a distinct bias toward specific age groups within the employee population as a whole, and our total employee numbers are expected to decline over the next 10 years. Accordingly, unifying the Group and supporting activity for all generations has been set as an important issue. At the majority of the Group’s affiliated companies, re-hiring systems are in place for employees over 60 years of age, and those who request it can continue working. However, the timing of this re-hiring can result in changes to employee roles, resulting in limited job area and scope of responsibility. As a result, employees are not always all able to play a leading role in their activities. As we move toward achieving our long-term vision, it is essential for employees of all ages to take on challenges and find fulfillment in their work. To support the activities of all ages of employees, we made the decision to raise the mandatory retirement age to 65 for all Group companies. Through this change, we aim to make the SEKISUI CHEMICAL Group a place where each and every employee can continue to take a leading role, regardless of their age.

■Goals for extension of retirement age

During fiscal 2021: Implement at SEKISUI CHEMICAL CO., LTD. and 9 Group companies
During fiscal 2022: Implement at 19 Group companies
Thereafter, expand extension of retirement age to all Group companies* by fiscal 2025.

  • This excludes companies without mandatory retirement ages set.

For the implementation of the extension of retirement age, it is critical that we provide opportunities for mindset and re-learning training to the applicable employees, in anticipation of them turning 60, as well as support for development of working areas and other functions in their departments. We began preparations for this in fiscal 2020.

At SEKISUI CHEMICAL CO., LTD., we made the decision to introduce voluntary retirement age at 60 years old as a means of respecting the independence of our employees, and we also decided to introduce a side business system to support second careers after retirement. By confirming feedback through labor unions, we will support a variety of working styles to suit each individual’s view of employment.

Performance Data

Number of Elderly Employees Reemployed and Reemployment Rate (Sekisui Chemical)

  FY2016 FY2017 FY2018 FY2019 FY2020
Number of elderly employees reemployed 65 21 49 46 77
Reemployment rate (%) 83.3 63.6 76.6 85.2 83.7
  • Note:
    The reemployment rate for applicants is 100%.
Indicator Calculation method
Reemployment of elderly employees (Number of reemployed elderly employees ÷ number who have reached mandatory retirement age) × 100
(Number who have reached mandatory retirement age includes those who do not wish to be reemployed)