Business needs to act now to retain older workers

In response to today’s publication of Government workforce statistics, Anne Willmot, age director, Business in the Community said: "Government figures published this morning show that the numbers of older workers over the age of 50 continues to increase. What is particularly striking is the growth in employment rates amongst women and especially those aged 60-64. Employment rates for this age group of women has increased from less than 1 in 5 to almost 1 in 2 in the last 30 years. 

"Older workers bring a wealth of vital skills and experience to the workforce which are often overlooked by employers and they can even face age bias. Over the next decade the population of workers in their 20's is set to shrink by over half a million while those aged 55-64 is set to rise by 1.34 million.

"Too many older workers leave the workplace not through choice but because they struggle to combine work with their caring responsibilities or physical and mental health conditions. For instance our latest Mental Health at Work report shows that while more older workers feel comfortable talking about their mental health at work compared to younger people, crucially they are less likely to feel that their line manager is concerned about their wellbeing than their younger counterparts. Business needs to act now to retain its older workers."

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Media contact
Alex Delaney, PR manager, Business in the Community, Tel: 020 7566 8694, Email: alex.delaney@bitc.org.uk