Search Results for: state pension age

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

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

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 →

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

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

over 50sUnemployed 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 →

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

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

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 →

Firms need to place more value on older workers

Firms need to place more value on older workers

Older workers are now a key part of the workforceAs 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.

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Half of self-employed workforce now over 50

Half of self-employed workforce now over 50

Over 50 and self-employedThe 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 →

People can hit career dead end in their fifties

People can hit career dead end in their fifties

Career opportunities for over 50sWith 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.

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Number of over-70s in work doubles

Number of over-70s in work doubles

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.

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People declare themselves fit to work for longer

People declare themselves fit to work for longer

People now retiring laterNew 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 →

Government report shows increase in number of workers balancing care commitments

Government report shows increase in number of workers balancing care commitments

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.

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

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

Ill health and caring duties biggest barriers to work for older people says ONSThe 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).

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Older workers would like more flexible working opportunities

Older workers would like more flexible working opportunities

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.

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Call for employers to do more for older workers

Call for employers to do more for older workers

A new report from the charity and lobbying group the Centre for Ageing Better has called for employers to be more age-friendly and inclusive of those over 50, including doing more to tackle age discrimination in the workplace. According to the study, significant numbers of older workers feel they are being discriminated against at work because of their age, including believing they have been turned down for jobs (9 percent) and being offered fewer opportunities for training and progression (32 percent).

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