Businesses should review employee benefits to check their suitability for people at different stages in their lives.
Tags: Ageing workforce
Almost half of over 55s believe they will work past retirement age, but three quarters of employees don’t think employers are doing enough to support older workers.
From April 2017, applicants for Employment and Support Allowance who are assessed as unfit for work but capable of work-related activity will receive a reduced State benefit, equivalent to Jobseeker’s Allowance. The value will fall from £5,312 to £3,801 per year. Can anyone really live on this?
Employers should increase the number of older people in the UK workforce by one million over the next five years to combat age bias, the Government’s Business Champion for Older Workers will announce today.
Employer concern is growing about the number of older workers who are planning to delay retirement due to sparse pension pots. A survey conducted by the professional services firm, Towers Watson, also uncovered employer concern about whether enough is being done to prepare an aging workforce for retirement.
The vast majority (87%) of employers do not check whether their people managers hire workers older than themselves, according to the results of Mercer’s Age-Friendly Employer research released this week.
Almost all UK professionals (92%) believe that older workers make a valuable contribution to their organisation and yet people as young as 45 are struggling to find new employment because of their age, new research from CV-Library this week shows.
According to figures released by the Office for National Statistics (ONS) and a three part report published by Business in the Community (BITC), just over a million people aged 50 or over have been pushed out of work involuntarily.
Dementia is a rising concern for HR departments. As the workforce ages, so does the need for increased flexibility and education.
Businesses are missing out on valuable skills and experience from a failing labour market not recognising older workers ambition and potential, warns academics from Newcastle University.
Research reveals that the effects of neglecting activities that could improve health can have a significant impact on our quality of life in later years, “with dementia and diabetes just two examples of diseases that are potential outcomes of unhealthy lifestyles,” according to Richard Adams, chief nurse at Bupa UK.
Over a third of office workers (35%) are too busy to take time out for health and wellbeing activities that could benefit them now and in later life, according to new research by Age UK and Bupa.
This week’s InsideHR webinar featured a panel discussion on the UK’s ageing workforce and how HR must adapt.
The last few years have seen British workers retiring later and later, whether through choice or a financial need. By 2020 it is projected that a third of all employees in the UK will be over 50.
Ageism in the workforce is creating a wider skill gap due to over 50s not being considered for senior and managerial roles despite having the knowledge and experience to fill this gap.