Search Results for: retirement

The worldwide demographic timebomb is transforming the workplace

The worldwide demographic timebomb is transforming the workplace 0

older-workers-in-demand-810x540There are a number of reasons why we shouldn’t be drawn into blindly accepting the narrative about Generation Y’s impact on the workplace. It seems the most important is also the least talked about. It is that the workforce is actually ageing in the world’s leading economies. While it may be true that 27 is middle -aged for employees at technology companies, for pretty much everybody else, shifting demographics, longer lives, improving health, falling pensions and changing personal preferences are likely to mean they stay in the workforce for longer. This is true in both the UK and US, where Millennials may make up the largest demographic grouping in the workplace but are still in a minority within an increasingly diverse workforce. The dynamics of these changes are playing out in different ways in different countries, but the forces are essentially universal.

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John Fogarty reflects on a career in office furniture spanning five decades

John Fogarty reflects on a career in office furniture spanning five decades 0

Office workI was lucky to enter the office furniture industry in 1971, at the beginning of a decade shaped by the explosive advent of new office technology. What had gone before would not have looked that different to anyone who’d worked a corporate office in the 1890s: serried ranks of desks occupied by clerical staff bashing away on manual typewriters and comptometers (calculating machines). Although electric typewriters had been around for most of the century, decades of global conflict had constrained their development. The first major advance came with the launch of the IBM Selectric golf-ball in 1961. Although a beautiful object – I recall this being the first item associated in my mind with the term ‘product design’ by a named designer (Eliot Noyes) – it remained expensive and rare until the price reductions driven by the multi-licensing in 1972 of the Diablo daisy-wheel print head.

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Three quarters of US workers avoid the office to get important work done

Three quarters of US workers avoid the office to get important work done 0

Office

Three quarters (76 percent) of US workers surveyed by online job site FlexJobs say that when they need to get important work done, they avoid the office completely. Of over 2,600 respondents, 50 percent reported that their home is their location of choice to be most productive on important work-related projects. Another 12 percent said they would choose a coffee shop, coworking space, library, or other place besides the office. Fourteen percent would choose the office but only outside standard hours, leaving less than a quarter who prefer the actual office during regular working hours as a place to complete important work. The main reasons for fleeing the corporate embrace were to avoid interruptions from colleagues (cited by 76 percent), escape distractions (74 percent), evade office politics (71 percent), reduce the stress of commuting (68 percent) and work in more comfortable surroundings (65 percent).

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We need to do more than pay lip service to workplace wellbeing

We need to do more than pay lip service to workplace wellbeing 0

BlakeEnvelopes-WorkSpace1Too many companies continue to talk about employees as their ‘greatest asset’ yet their fine words are not always not borne out in their behaviour, be that through working culture, remuneration or environment. With more and more investors using employee wellness and engagement as a barometer for the health, stability and culture of the business – the concept of workplace wellbeing is finally garnering the attention it deserves. Our workplace behaviours, cultures and environments are not keeping us fit, well, productive, happy or profitable. Finally businesses are accepting their moral responsibility to take better care of their people. So what affects employee productivity, creativity and happiness and how can changes to the workplace promote the best financial and moral outcomes for businesses and employees alike?

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Far from being on board, older women still face recruitment bias

Far from being on board, older women still face recruitment bias 0

Women over 50 most likely to face recruitment biasThe news that the Davies review has met its 25 per cent target for female representation on boards, and is now considering setting a target that a quarter of executives at FTSE 100 companies should be female, has been met with approval by the Institute of Directors, which said it was right that the focus is on increasing the number of women in senior executive positions. But what about those further down the salary scale, where many older women struggle to even get a job interview? A recent study carried out by Anglia Ruskin University’s Lord Ashcroft International Business School shows that older jobseekers face widespread discrimination in the UK, with older female applicants more likely to experience bias than men. The study found no significant link between a company having a HR department or providing commitments to equal opportunities, and the level of discrimination it displayed.

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Employers must support older workers with chronic ill health

Employers must support older workers with chronic ill health 0

Employers must support older workers with chronic ill healthAs a recent profile in the Guardian Magazine of workers in their 70s, 80s and 90s illustrated, people who work well into old age are still viewed as remarkable. Yet by 2020, a third of the UK’s workforce will be more than 50 years old. Following the scrapping of the Default Retirement Age, more than 1.4m people in the UK are working after state retirement age, of whom around 300,000 are aged over 70. Now the Health at Work Policy Unit of Lancaster University’s Work Foundation has issued a White Paper, ‘Living Long, Working Well: Supporting older workers with health conditions to remain active at work’, which warns that 42 per cent of over 50s have often manageable chronic illnesses that – if left unsupported by employers, could undermine their productivity, increase their absence from work or even force them out of work altogether.

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Value older workers or sleep-walk towards a skills shortage, employers warned

Value older workers or sleep-walk towards a skills shortage, employers warned

Hiring older workersA demographic time bomb means employers must act to avoid a cliff-edge loss of skills and talents by 2035, a new study by the CIPD has revealed. There are currently 9.4 million workers in the UK today who are over the age of 50 and while the employment rate of older workers has increased significantly in recent years, there is still a 64 percent drop in the employment rate between the ages of 53 and 67. New research from the CIPD and the International Longevity Centre-UK (ILC-UK), the independent think tank on longevity, ageing, and population change, warns the UK could face serious skills shortages over the next 20 years. Unless organisations start improving how they recruit, develop and retain older workers it is estimated that the UK economy will struggle to fill one million jobs by 2035, even taking into account the mitigating effect of migrant workers.

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Staff want flexible working but worry about growing fat, stale and lonely

Staff want flexible working but worry about growing fat, stale and lonely

flexible workingA new report from Regus, based on a study of 44,000 workers worldwide claims that while many people see flexible working as an important factor in their career choices, they also remain worried about what working from home will mean for their happiness, health, family lives and job prospects. The report claims that many workers are afraid that working from home will mean they grow lonely, overweight and stale. According to the report, home workers still long for a chance to mix with other professionals and so opt to pop out of the house regularly for a change of scenery and to reconnect with the real world. More →

The bonds that link work with place are loosening day by day

The bonds that link work with place are loosening day by day

Frayed ropeOver the decades designing productive spaces for work has focused on redefining the corporate office and its surroundings. While there are examples of quality design in buildings around the world, there is a growing movement that challenges the presumption that work should always be done “at work”. If we aim to allow people to be at their best, develop and nurture creativity and maximise quality output then we must ensure the place where the work is done is outstanding. Sarah Kathleen Peck of ‘It starts with’ summed it up when she wrote “There are people, places and things that make me feel like I’m building my energy stores, that rejuvenate me, and help me to do my best work. Likewise, there are also people and places that zap my energy; that leave me exhausted; that make me feel as though I’ve waste my time and my energy – and my day – without getting anything useful done.”

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Many ‘under-appreciated and marginalised’ older workers seek job move

Many ‘under-appreciated and marginalised’ older workers seek job move 0

Quarter of 'under-appreciated and marginalised' older workers considering job moveThe over fifties feel disregarded and under-appreciated at work, with a quarter considering looking for a new job in the next two years. That’s according to new data by AXA PPP Healthcare which looked at the experiences of the over 50s – many of which, since the phasing out of the default retirement age, aim to work on as long as they can. In fact, the research found that 15 per cent plan to work into their seventies and beyond. However, nearly a third of the over fifties (30 per cent) surveyed, said they didn’t feel they had a career path, compared with 13 per cent of those under fifty. Only one in six over fifties felt their line manager supported them and nearly half (49 per cent) of this group reported to a younger line manager.

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Guidance published for SMEs on management and wellbeing of older workers

Guidance published on supporting older workers wellnessSince the the Default Retirement Age (DRA) was abolished in 2011, there’s been a growing awareness that the UK population is ageing at a rapid rate. One in six people in Britain are now over 65, with eight million workers aged 50 and over. But what is often overlooked is that the majority of older workers work for small and medium sized businesses. Of the 8 million workers who are 50 and over, 5.2 million work for businesses with less than 250 employees. Now in the first of its kind to specifically target smaller employers, new guidance published by Healthy Working Lives, part of NHS Health Scotland, aims to provide advice on hiring and managing older employees. Managing Healthy Ageing Workforces has been written by Dr Matt Flynn, Director of Newcastle University’s Centre for Research into the Older Workforce, and Kathleen Houston, Development Manager for Healthy Working Lives.

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Multi generational workplace could boost economy by £25 billion

mult generational workplaceThe Government has published a new report which describes the challenges faced by the UK’s over 50s in the workplace and sets out ways in which more of them can stay or move into work. The report is the culmination of eight months’ work by a team led by the Government’s ‘ageism tsar’ Ros Altmann and highlights why action is needed based primarily on the twin issues of demographic change and increasing life expectancy. The report, Retain, Retrain, Recruit, recommends action that would help older workers thrive and ensure individuals, industry and the economy can reap the financial and social benefits of a multi generational workplace. The report outlines how businesses could recruit more older workers, retrain existing staff and provide greater flexibility to retain them as well as setting out measures that should be taken to reflect the multi generational workforce in the media and policy making.

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