For all the talk about the growing number of Millennials at work, most of the interesting stuff about workplace demographics appears to be happening at the other end of the age scale. A record number of employees now expect to work past the official retirement age and many expect to work up to the age of 85, according to a new study by Canada Life. It claims that 73 percent of UK employees will work past the age of 65, up from 67 percent in 2016 and 61 percent in 2015. More than a third (37 percent) of these could be older than 70 before they retire and 10 percent expect to be at least the age of 85 when they retire, if they can retire at all. Younger workers are particularly likely to expect to work past the age of 65, rising to more than four in five (84 percent) of 25-34 year olds. Many expect to be unable to afford to retire but a growing number will continue to work because they want to.

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More than six in ten workers value happiness at work over salary and even those more motivated by salary agree that a setting that allows friendships to flourish could provide invaluable benefits for businesses, a new survey suggests. The research by Wildgoose found that 57 percent of respondents thought having a best friend in the office made their time at work more enjoyable, almost a third were more productive and over one in five said it boosted their creativity. The survey also highlighted the differences in attitudes across various groups and demographics. Women were far more likely to prioritise happiness, with eight in ten placing it above salary, compared to just 55 percent of males. The job level of an employee also played a significant role. For 85 percent of managers, salary was deemed more important, while 70 percent of entry-level, interns, and executives chose happiness.

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The number of British people working past 70 years old has increased markedly over the past four years. Poor pensions, personal choice, greater life expectancy and changes to pension laws have all been highlighted as factors behind the increase in the latest report on demographic trends from the Office of National Statistics (ONS). The largest increase was seen amongst women, with the proportion of women working into their seventies doubling from 5.6 percent in 2012 to 11.3 percent last year. Around 150,000 women over seventy are now thought to be working. Meanwhile, the number of men working past the official state pension age has also increased, but at a slower rate, from 10 percent in 2012 to 15.5 percent last year.

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Junior members of the workforce are most likely to be disengaged, demotivated and lacklustre about work according to a survey on happiness in the UK workplace from HR consultancy Personal Group. Based on a survey of 800 people benchmarked against a larger database of 41,000 from the University of Warwick, the survey claims that 48 percent of employees are not often happy at work and that almost one in five are rarely or never happy at work. The report suggests that it is more junior employees who are not only less keen to get to work in the morning but are also unhappier at work when compared to senior managers, directors and those who are self-employed. Similarly,  when asked whether they feel enthusiastic about their job, directors and self-employed are the most passionate, reporting 70 percent and 76 percent respectively. Team leaders and frontline employees are significantly less enthusiastic, with 30 percent of the latter saying that they never feel enthusiastic at work.

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Losing a job creates a ‘new normal’ for personal wellbeing that never goes back to previous levels, a new international study claims. Unemployment is damaging to people’s wellbeing regardless of their age, gender, level of education, ethnicity or region. The new study, co-authored by the What Works Centre for Wellbeing and the University of East Anglia, looked at the impact of unemployment across a number of countries and found that joblessness tops even divorce or widowhood in its impact on our life satisfaction. The evidence also suggests people never adapt fully to unemployment. The longitudinal study of 24,000 people found on average that individuals had lower life satisfaction following unemployment and this never recovered to the pre-unemployment levels. These results applied to men and women, but the effects were found to be stronger for men. Men also were found to be happier than women once in a new job. The type of work is also important with temporary jobs proving worse than permanent work.

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