Search Results for: retirement

Older workers will drive long term success of firms

Older workers will drive long term success of firms

Older workers are essential for the success of firmsOrganisations that actively leverage the abilities and experience of their older workers will be best positioned for the future of work, according to Mercer’s report Next Stage: Are You Age-Ready? (registration). The importance of being “age-ready” is underscored for both businesses and economies by the impact of the twin forces of a rapidly ageing labour force coupled with an uncertain global economic growth rate, the report argues. More →

Flexible working in the age of longevity

Flexible working in the age of longevity

Global life expectancy is growing at its fastest rate since the 1960s. Today, a 20-year-old has a 50 per cent chance of living to 100. Even if you are 60, you have an evens chance of reaching 90. A long life can be a gift, but of course it also has implications for how we live our lives and in particular how we plan to work and fund those extra years. Clearly there is a role for employers in creating work environments and flexible working cultures that recognise and maximise the potential of the 100-year life. More →

Governments should respond to needs of older workers

Governments should respond to needs of older workers

Illustration of older workers in an officeWhile firms are already being asked to do more to support their older workers by organisations like The Centre for Ageing Better, a new OECD report is arguing that it is an issue that Governments are not addressing as well as they might. It claims that the rapidly ageing population of countries around the world means that governments should promote more and better job opportunities for older workers to protect living standards and the sustainability of public finances.

More →

A grey tsunami, three goldfish, the red pill of coworking and some other colourful stuff

A grey tsunami, three goldfish, the red pill of coworking and some other colourful stuff

A right leaning think tank’s suggestion that the UK should set a new retirement age of 75 and introduce a range of measures to extend people’s working lives to boost the economy and improve people’s wellbeing sparked an inevitable paroxysm of rage. Immediately followed by an equally inevitable and furious level of what passes for debate these days. A stramash the Scottish would call it. More →

Wellbeing challenge known to firms, but they need to up their game

Wellbeing challenge known to firms, but they need to up their game

Employers need to up their game on wellbeingA new white paper from Aon argues that while the vast majority of employers are aware of a range of wellbeing issues, they often don’t act in appropriate ways to address poor health behaviours and chronic medical conditions. The white paper Prevention Is Better Than Cure (registration) claims that 95 percent of employers see a correlation between employee health and performance and believe they have a role in trying to educate and improve poor lifestyle behaviours.

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.

More →

No more cold turkey as part time workforce age rises

No more cold turkey as part time workforce age rises

New data from Rest Less claims that there are 3.4 million over 50s working part time today, an increase of 912,000 in a decade. The UK’s part time workforce age is rising, as is being driven by the over 50s more than any other age group, according to new analysis from Rest Less, a jobs, volunteering and advice site for the over 50s. 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.

More →

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.

More →

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 →

On International Woman’s Day – why advancing women is still not a business priority

On International Woman’s Day – why advancing women is still not a business priority

It has probably not escaped your notice that today is International Woman’s Day, which for Workplace Insight means a plethora of studies on the topic of women/jobs/salaries and ways women might work differently to men. We’ve decided not to waste anyone’s time and ignored most of them (particularly the patronizing ones on how ladies are so intuitive) but managed to find a few kernels of information. First, the good news that women have doubled their share of top jobs at technology companies, pulling in higher salaries than men last year, according to executive search firm Odgers Berndtson. More →

Half of HR departments plan to offer new employee benefits

Half of HR departments plan to offer new employee benefits

According to Gallagher’s Benefits Strategy & Benchmarking Survey (registration required), 45 percent of HR practitioners are planning changes to current employee benefit offerings amid a highly competitive labour market. The survey shows an increasing number of organisations are fully aware of the measurable impact that benefits have on engagement and productivity. Among HR practitioners planning changes, 72 percent are seeking to enhance benefits, thereby improving their employer brand and becoming more competitive in recruitment. The second-most popular planned change is improving flexibility in benefits, with 47 percent attempting to bolster flexible options to extend individual choice. More →