While it has been well documented that we’re now all living longer, with life expectancy in the UK the highest it has ever been, the implications of our ageing population are getting greater.
A forecast has predicted that by 2022, one in three of the working age population will be 50 and over. Unfortunately, this is an age group who typically find it harder to stay in work; and once out of work, struggle to re-enter the workplace due to a number of barriers. To help the ageing workforce overcome these, the government have developed Fuller Working Lives, a national strategy aiming to help employers retain, retrain and recruit people aged 50 and over.
By drawing on the skills of older workers through retaining, retraining and recruiting, employers can avoid a significant skills gap in their businesses and save time and money on essential costs. There are wider economic benefits too with reduced pressure on the pension pot and improved mental health and well-being of the population overall.
To find out more about Fuller Working Lives, visit our toolkit where you can find reams of useful advice, events and real business stories from RSM, Hodgson Sayers and Sunderland Software City, which are sure to inspire you to make the most of the skills of the over 50s.