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Skills productivity and the ageing workforce

Fuller Working Lives, is a government lead partnership approach which encourages businesses to retain, retrain and recruit older workers.

As the workforce ages, employers are increasingly having to retain the valuable skills of their older workers. With many people leaving the workforce before they reach State Pension age, it’s important for employers to offer opportunities, such as retraining and flexible working, to keep them.

Evidence shows that multi-generational workforces are more productive and that businesses benefit from the experience, loyalty and reliability that older workers bring. For employees, making informed and timely career and retirement choices can ensure they are financially secure throughout their life.

 

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Trends

How does the ageing workforce affect you? 

 Top tips for employers 

Firstly, conduct an age audit (Look), talk to employees about the results (Listen) and consider options (Act) including:

Practical help

National-Careers-Service

The National Careers Service provides free, up to date, impartial information, advice and guidance on careers, skills and the labour market in England. The service has been working with employers to offer older workers a mid-life career review. The review helps identify how workers can update their skills, so they are able to consider other job opportunities with their employer that may suit them better as they approach retirement.

Further information:

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You can download this pdf document by clicking on the link below. The document explains how as the population ages, employers need to draw on the skills and experience of older workers to avoid loss of labour.

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princes responsible network

Getting Started on Age: Look, Listen, Act: This toolkit for employers will guide and support in getting started with age inclusion in the workplace and includes a three-step process based on Look, Listen, Act. access the Toolkit