November 14, 2022
Vast majority of unemployed over-50s planning to return to work
An exclusive survey of over 50s by the UK’s leading independent job board, CV-Library, claims that an overwhelming 91 percent of inactive workers in the age bracket intend to return to work. The Office for National statistics (ONS) recently revealed that the number of people aged 50-64 who are economically inactive has increased by 3.6 million, a rise of 10 percent since before the pandemic and the survey results support this with 41.5 percent reporting that they either left a job or have been out of work since then, but a turnaround looks imminent. 72 percent of the 2,250 surveyed state the reason for returning is due to necessity over the cost-of-living increases and worries about their pension, with a further 36 percent stating boredom and another 25 percent citing the intention to take advantage of the record number of job vacancies available.
Interestingly, the majority (68 percent) are looking for a full-time role but 70 percent want flexible working patterns. Other revelations include the fact that 65 percent expect a higher salary given their age and experience but only 32 percent expect a more senior job title. With a breadth of experience, 43 percent still feel that they’ll require some additional training in their next role but more than 60 percent feel more confident as they’ve gotten older.