How employees in their over-50s are changing our current and future employment landscape…
Did you know that…
- Professionals in their 50s and 60s are largely driving the nation’s record employment?
- 76% of ‘eligible’ job candidates are currently working.
- More than 80% of new UK roles were filled by employees aged over 50 ‘in the past year up to April’.
- The number of professionals aged over 65 also increased by 80,000 people within this period.
- Furthermore, the over-50s group may become the largest working demographic by 2030. 1/3 of employees will already be a part of this group by 2025.
- More than 8% of people in their 70s are still working, which is significantly more than a decade ago.
Are there enough opportunities for the over-50s employee?
Although the above all sounds highly positive, the demographic is still experiencing challenges.
- 41% of people aged over 50 say there is a ‘lack of opportunity’ to progress with their current employer.
- 34% do not know what is required of them to receive a promotion.
- And 1/5 of this group attributes a ‘lack of training’ to their limited career growth.
These are concerning findings. Especially as both reports suggest older employees could help overcome the national skills shortage.
There are a number of industries that express increased confidence and greater opportunities for respondents.
Also in the news…
- Working after retirement: 1/3 of over-55s actually intend to work part-time during retirement to ‘make ends meet’, according to People Management.
- Employees fear their health will get in the way: 2/5 of people (9.5 million workers) worry their health will make it challenging for them to work after the age of 65. They’re also concerned that their employers will hold negative stereotypes about older workers.
- Why so many people are working longer: we’ve recently explored what’s actually motivating more employees to work beyond the age of 65. Is it purely financial?
- Ending on a high: workplace wellbeing increases with age, which is promising news for us all.
Looking for a role that better suits your skills and experience? Visit our jobs page. For further recruitment support, please call the office on 01225 313130.