Firms need to place more value on older workers

As we live longer lives, it’s inevitable that more of us want to work for longer. It makes good business sense too: with fewer younger people starting work to replace those set to retire in future years, coupled with uncertainty over Brexit and labour shortages, employers can’t afford to lose older workers. 


Recent ONS analysis of the changes in the UK labour composition during and after the 2008 economic crash show that over-50s made the largest contribution to post-downturn growth in total hours and now fill a third (30 percent) of all hours worked in the UK. Their share of working hours began rising the fastest post-recession and has increased the most compared to other age groups since then.

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