Getting started on age in the workplace
The workforce in the UK is changing. By 2020 1 in 3 workers will be over 50, and by 2030 half of all adults in the UK will be over 50.
Understanding the challenges and opportunities of an ageing population is vital if we want to create productive, innovative and inclusive multi-generational teams as we all lead longer working lives. This month Business in the Community is highlighting the steps you can take to make sure you are an age-friendly employer, and showing how we all benefit from inclusive, multi-generational teams.
The Business in the Community report The Missing Million in collaboration with ILC-UK, set out the dramatic drop off on labour market participation post 50 and recommendations for action. As we are all living longer, we cannot afford for people to be pushed out of work in mid-life. It is time for business to take on the baton. Employers hold the key to change.
In early 2017 Government committed to increasing the number of workers over 50. In September of the same year, labour statistics were published that showed an increase in the employment rate. Business in the Community welcomed the publication commenting:
“It’s great news that the employment rate for older workers has increased and we are closer to achieving the target of getting one million more older people into work. This shows that employers are increasingly recognising the value of employing older workers and the benefits they can bring to their organisations – but there is still more that can be done. That’s why Business in the Community is calling on every UK employer to publically commit to 12% more older workers to 2022 and to publish their workforce data by age.
Andy Briggs, CEO of Aviva and Chair of the Business in the Community age leadership team shares his thoughts on why business must recognise the benefits of a multi-generational workforce.