Government publish new labour market statistics on over 50's

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The government have today ( 7 September) published the economic labour market status of individuals aged 50 and over.  The report includes the trends over time.

Commenting on the report,  Andy Briggs, CEO UK Insurance, Aviva UK Life, Government Business Champion for Older Workers and Chair of the Business in the Community Age at Work Leadership Team, said: 

“Today’s report is a big boost for the over 50s, it shows that the long term trend in employment for older workers is increasing. 

“The UK is facing a huge skills gap, older workers are vital to filling it and are ready to. We need more businesses to show leadership and commit to retaining and recruiting the over 50s talent so they can benefit from their abilities and experience. I call on leading companies to encourage others to publically commit to hiring older people so that we can hit our target of one million more over-50s into work by 2022.”


Rachael Saunders, Age at Work Director, Business in the Community, said:

“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 publishing their workforce data by age by the end of this calendar year. We’re delighted that 10 organisations have already signed up to helping us reach this target and would encourage more employers to join them.

“Without adapting to retain, recruit and develop people aged over 50, the UK simply cannot meet is growth and productivity objectives. We have an ageing society and it is essential that employers act now to ensure employees can stay in work for longer and to support career changes in later life. Older workers have a wealth of skills and experience to offer business – now we need more employers to take action on this urgent issue.”

Business in the Community is the Government Business Champion for Older Workers  - we are calling on employers to increase the number of older workers they employ. 

 

For further information please contact:  Alex Delaney on 020 7566 8694 | 07766 161419 for further information.
 E: alex.delaney@bitc.org.uk

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