Search Results for: older

June 26, 2015

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

by Sara Bean • Flexible working, News, Workplace

A 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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April 30, 2015

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

by Sara Bean • Legal news, News, Workplace

The 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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March 24, 2015

Guidance published for SMEs on management and wellbeing of older workers

by Sara Bean • Legal news, News, Wellbeing, Workplace

Since 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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February 10, 2015

Over a million older people struggle to find employment

by Sara Bean • News, Workplace

More than a million older people are struggling to find employment. This is according to the second in a series of reports being produced by Business in the Community around age and intergenerational workplaces. The Missing Million: Pathways back into employment, finds that the over 50s continue to face age discrimination and they are increasingly having to start their own businesses or go into unpaid work, when they would prefer to do otherwise. Older people are more likely to remain out of work once they lose a job and if they want to find new employment, the over 50s have to rely on their own resources and networks. The research, which feeds into BITC’s Age and Intergenerational Workplaces campaign, is being carried out in collaboration with The International Longevity Centre-UK (ILC-UK).

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January 27, 2015

Employers need to do more to attract and train older workers says REC

by Sara Bean • News, Workplace

Employers need to provide more training opportunities for older workers and how they advertise jobs to attract recruits over 55, according to the results of a survey issued by the Recruitment and Employment Confederation (REC). Asked to identify the most important change businesses should make to encourage applications from jobseekers aged 55 and over, almost four in ten (37%) respondents highlighted issues around advertising, while a third (34%) indicated that they should be providing more opportunities for older workers to upskill or reskill. Twenty percent said that businesses need to be more careful with language used in job adverts while 17 percent said that hirers need to look beyond posting jobs exclusively online. Evidence for the business case for retaining, retraining and recruiting older workers will be published by the Department for Work and Pensions in March.

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July 14, 2014

Older workers’ employment champion appointed to challenge age perceptions

by Sara Bean • Flexible working, News, Workplace

Following the Government’s publication last month of Fuller Working Lives – A Framework For Action, which set out the benefits to individuals, business and the economy as a whole of people aged over 50 staying in work; economist, policy expert and consumer champion Dr Ros Altmann CBE has been appointed by the Government as its new Business Champion for Older Workers. Dr Altmann – a former director-general of Saga and independent expert on later life issues – will be tasked with making the case for older workers within the business community and challenging outdated perceptions. In the next 10 years, there will be 700,000 fewer people aged 16-49 in the UK labour market but 3.7m more people aged between 50 and state pension age. The Government believes employers need to harness the benefits of taking on older staff, as too many continue to believe they can rely solely on a young workforce. (more…)

July 1, 2014

Living longer, still working but earning more – the changing world of the UK’s older workers

by Mark Eltringham • Legal news, News, Workplace

A new report from the Institute for Fiscal Studies challenges some of the most commonly held misconceptions about the UK’s older workers, their health, income and status. The Changing Face of Retirement has been produced by the IFS in partnership with the Joseph Rowntree Foundation and the Economic and Social Research Council. Over the next ten years, it claims that changes to the pension provision, a rise in the retirement age, improving levels of long term health and the fact that many more people will remain in relationships as the life expectancy of men improves will mean more and more older people will supplement their pension incomes with paid work. The report also suggests that there will be more women between the ages of 65 and 69 in work than men by 2021 but both groups will see significant increases as the proportion of the total population aged over 65 increases by over a fifth.

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June 13, 2014

Government plans encourage employers to appreciate older workers

by Sara Bean • Flexible working, News, Workplace

Employers must recognise the potential of older workers and help them stay in the workplace. This is the message the Government will stress today at the launch of its new action plan. The new measures set out in Fuller Working Lives – A Framework For Action published today include; the appointment of a new Older Workers’ Employment Champion who will advocate the case for older workers within the business community and wider society; an extension of the right to request flexible working to all employees from the end of this month and the launch of a new Health and Work Service which the Government says will give workers with long-term health problems the support they need to stay in or return to work. Part of the Government’s aim is also to challenge outdated misconceptions and encourage more employers to consider the benefits of older workers.

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September 4, 2013

EU Governments urged to maximise the potential of older workers

by Sara Bean • Legal news, News, Workplace

The rise in the number of older workers in the UK has been well documented, and the reason is clear, they are a much needed resource. Over the next ten years there are 13.5 million job vacancies which need to be filled, but only seven million young people predicted to join the job market in that time. And the UK is not alone; the EU faces significant skills gaps due to demographic change. But according to a new International Longevity Centre –UK (ILC-UK) report, Working Longer: An EU perspective, supported by Prudential, EU countries urgently need to skill up the older workforce, support more older women in work and address the particular health issues associated with employing older workers. (more…)

July 2, 2013

Younger workers’ CSR ethics don’t necessarily extend to older generation

by Sara Bean • Comment, Legal news, News, Workplace

Is ageism one of the last bastions of accepted prejudice in the UK? Take the Daily Mail’s “night of the living dead” coverage of the Stones’ Glastonbury performance – deemed acceptable where jokes regarding gender, race or disability are not. A new survey illustrates this attitude. Nearly half of younger workers in a recent poll think older colleagues are in danger of stifling their career prospects by retiring later, that their prolonged presence could damage productivity and that they have very little to teach the younger generation. Yet over half (55 per cent) of Generation Y workers questioned in the poll say the ethical credentials of a company would influence their choice of employer. Since the scrapping of the Default Retirement Age (DRA) the number of over-65s in the labour force has exceeded one million, and the survey, carried out for KPMG by OnePoll warns that tensions could rise as the need for employees to stay in the labour force for longer growing due to social and financial pressures. (more…)

June 12, 2013

Real demographic challenge as number of older workers tops one million

by Sara Bean • Comment, Legal news, News, Workplace

The latest employment figures published today by the Office for National Statistics (ONS) show an interesting demographic trend. Beneath the rather unexceptional news that employment rose by 24,000 and unemployment fell by 5,000 in the three months to April, is what Jim Hillage, Director of Research at the Institute for Employment Studies (IES) describes as “underlying structural changes in the labour market”. The number of employed people over 65 in the UK has now reached more than a million (1,003,000), the highest since records began in 1971. This means that almost one in ten of over-65s are now in work.

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April 17, 2013

Older workers remain untapped resource for employers

by Sara Bean • Knowledge, Legal news, News, Workplace

Employers who ignore Britain’s growing population of older workers could suffer skills shortages and lose an important competitive edge, warns a new government guide. “Employing older workers”, published by the Department for Work and Pensions, warns that Britain is running out of workers. There are 13.5 million job vacancies which need to be filled over the next ten years, but only seven million young people are projected to leave school and college over that time. Yet despite a predicted surge in numbers of employees over 50, employers remain reluctant to recruit older people.

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