May 2, 2022

Why the over 50s are leaving the workforce in huge numbers

by Carlos Carillo-Tudela et al • Features, Wellbeing, Workplace

The UK economy has a problem with its over 50s: following the COVID pandemic, they have been leaving the labour force en masse, causing headaches for businesses and the government. Roughly 300,000 more workers aged between 50 and 65 are now “economically inactive” than before the pandemic, leading a tabloid paper to dub the problem the “silver exodus”. Being economically inactive means that these older workers are neither employed nor looking for a job. Of course, it could simply be that workers saved more during the pandemic and can now afford to retire in comfort earlier than planned. More →

August 30, 2021

Proportion of over 50s in work set to hit record high

by Jayne Smith • News, Working culture, Working lives

The proportion of people over 50 in employment is set to hit 47 percent by 2030, following a 36 percent increase in the absolute number the last two decades, according to a new report from Legal & General Retail Retirement (LGRR) and the Centre for Economics and Business Research (Cebr). More →

January 18, 2021

Unemployed over 50s are two and a half times as likely to be unemployed for at least two years

by Jayne Smith • News, Working culture

Unemployed over 50s are two and a half times as likely as younger age groups to be out of work for at least two years, according to new analysis from Rest Less. There are 407,000 unemployed over 50s in the UK, making up one in four (24 percent) of all unemployed people. More →

December 30, 2019

Over 65s will drive half of all jobs growth in coming decade

by Neil Franklin • News

New projections from Rest Less, a jobs, volunteering and advice site for the over 50s, claims that workers aged 65 and over are likely to be responsible for at least 50 per cent of all UK employment growth in the next 10 years. The analysis, based on population projections from the Office of National Statistics, makes an assumption that the current employment rate of each age group will remain static, and suggests that with population changes alone, the over 65s are likely to be responsible for 52 per cent of all the UK’s employment growth in the next 10 years, 57 per cent in the next 20 years and as much as 62 per cent by 2060. More →

August 19, 2019

Firms need to place more value on older workers

by Claire Turner • Comment, Wellbeing, Working lives, Workplace

As we live longer lives, it’s inevitable that more of us want to work for longer. It makes good business sense too: with fewer younger people starting work to replace those set to retire in future years, coupled with uncertainty over Brexit and labour shortages, employers can’t afford to lose older workers.

July 29, 2019

Half of self-employed workforce now over 50

by Neil Franklin • News, Wellbeing, Working lives

The number of over 50s working for themselves made up 46 percent of the UKs entire self-employed workforce in the first three months of 2019, according to new research from jobs and volunteering board Rest Less. There are now 2.27 million over 50s who are self-employed – up from 1.45 million 10 years ago, an increase of 57 percent in a decade. The survey looked at data from the Office of National Statistics to highlight self-employment trends amongst the different demographic groups in the UK. More →

June 12, 2019

People can hit career dead end in their fifties

by Neil Franklin • News, Workplace

With a rising retirement age and the prediction that by 2020, a third of UK workers will be aged 50 or over, new research from job board Totaljobs and recruitment firm Robert Walters found that many workers in their 50s find their career options and development opportunities are extremely limited.

May 28, 2019

Number of over-70s in work doubles

by Mark Eltringham • News, Workplace

Record numbers of over-70s are choosing work over retirement, according to new analysis from Rest Less, a membership community site in the UK to offer work and volunteering opportunities specifically targeted at the over 50s. Using bespoke data provided to Rest Less by the Office for National Statistics, Rest Less’s analysis claims that the number of over-70s in full or part-time employment has been steadily rising year on year over the past 10 years, reaching a peak of 497,946 in the first quarter of this year – an increase of 286,000 or 135 per cent since 2009. Today, nearly 1 in 12 (8.1 percent) of those in their 70s are working, a significant increase from the 1 in 22 (4.5 percent) there were 10 years ago.

May 24, 2019

People declare themselves fit to work for longer

by George Eltringham • News, Wellbeing

New research from AIG claims that workers expect to be physically capable of doing their jobs until past their 68th birthday, beyond the age they can start claiming the State Pension even when it is extended to 67 by 2028. Almost a third (31 percent) believe they could work into their 70s and beyond with one in 14 confident they could keep going into their 80s. More →

March 18, 2019

Government report shows increase in number of workers balancing care commitments

by Neil Franklin • Flexible working, News

A new official report has highlighted the increasing number of people who are having to balance caring for family members with their own working commitments. Catherine Foot, the Director of Evidence for the Centre for Ageing Better, responded to these statistics by calling for legislation to promote flexible working among older workers. Published by the Office for National Statistics, the report has found that one in four older female workers, and one in eight older male workers, have care responsibilities.

December 19, 2018

ONS says Ill health and caring duties biggest barriers to work for older people

by Sara Bean • Flexible working, News, Workplace

The two most important barriers to working for those in their 50s and early to mid-60s are health and caring; according to the latest analysis from the ONS. Living longer: Fitting it all in – working, caring and health in later life, advises that although people in their 50s and early 60s have a good level of general health the prevalence of health problems increases over this age range and impacts on the likelihood of being in paid work. Of those potential older workers who are out of work (but would like to work), 38 percent of men and 28 percent of women are unemployed. Women are more likely to be looking after home or family than men (19 percent and 6 percent). Over a third of people aged 50 to 64 years are out of work because they are sick or disabled – with ill health the main barrier to working for both men (37 percent) and women (35 percent).

November 27, 2018

Older workers would like more flexible working opportunities

by Neil Franklin • Flexible working, Wellbeing

A survey carried out on behalf of the Department for Business, Energy and Industrial Strategy (BEIS) has found that the majority of workers aged over 50 would ‘welcome more flexibility’ in the workplace. The survey, which polled more than 12,000 workers over the age of 50, revealed that 78 percent would like ‘more flexible hours’. A further 73 percent want to see more part-time positions being offered, while 63 percent wish for more training schemes to help them use new technology and gain new skills.