Age of UK workforce edges higher

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According to the latest stats from the Department for Work and Pensions (DWP), the number of people in employment aged between 50 and 64 has ballooned by nearly two million in the last 15 years.

 

It’s news being welcomed by the government, which is highlighting a need for small and medium-sized enterprises to ‘embrace our ageing population’.

 

Pensions Minister Steve Webb said: “Employers who ignore the talent pool on offer amongst the over-50s are likely to suffer skills shortages and lose a key competitive edge.”

 

Stats show the number of employees in this age bracket totalled almost 7.7 million in the last quarter, a boost of 54,000.

 

Mr Webb also added over 50s can help to mentor and develop new recruits, which could be a useful attribute given recent research from the Federation of Small Businesses suggested five in ten small firms believe young people lack a good attitude to work. 

 

Posted by the Secret Businessman