Ageing workforces are set to bring new challenges for UK employers over the next 20 years, as workers over the age of 50 are predicted to nearly double from 9 million to 17 million during this time. With 38% of employees expected to retire between 66 and 70, retaining talented older employees is an important issue facing 21st century employers.
To help organisations to understand and manage the needs of this changing workforce, Simplyhealth has worked with the CIPD, the professional body for HR and people development to produce a useful whitepaper on the complexities and myths linked to an older workforce.
“Key to retaining older employees is the ability to understand the differing needs of this generation of worker. For example, there are now over seven million adult carers in the UK, and it is often the case that in addition to paid employment older employees also care for elderly friends and relatives. The need for employers to support older workers by offering flexible working patterns or phased approaches to reduced working hours is becoming more apparent.
With 36% of the working population expected to be over 50 by 2020, it is essential that we look at how to best support older employees to ensure organisations don’t lose experienced and knowledgeable staff”.
Dianah Worman, Public Policy Adviser Diversity at the CIPD
For the full press release visit simplyhealth.co.uk