Can’t put a price on quality employees
We are increasingly speaking to employers who struggle to find quality employees who have the skillset, experience and basic workplace disciplines to deliver the results that employers are looking for.
It used to be that people couldn’t wait to get their gold watch and escape to the freedom of the golf course, but over the past 3 years, the number of 65-74 year olds still earning a wage has risen to 1 in 4, and the proportion of people over the age of 55 who are planning to work beyond the state pension age has jumped from 40% to 71%. For the first time, there are more than one million people aged 65 or over in the UK workforce, and a recent survey by Baring Asset Management found that 14% of working people don’t plan to retire at all.
This is fantastic news all round, because people are fitter, more active and live longer, they can be productive at work for longer, relieving the pressure on public finances and boosting their pension pots into the bargain.
Evidence suggests that people who continue working are happier because they feel valued. The benefits to companies include the fact that older workers have valuable and often scarce skills, are often more concerned about the success of the business than their own career progression and may have the confidence and tolerance to fill difficult customer-facing roles.
So there’s your window of opportunity. Don’t miss it!!