The over-50s & 60s employment boom

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.

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