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Mind the gap, warns CIPD

Older workers are needed to help the UK remedy the challenges of a future employment gap, according to the Chartered Institute of Personnel and Development (CIPD).

 

It is predicted that UK employers will need to fill an estimated 13.5 million job vacancies in the next ten years, but only seven million young people will leave education over this period. Employers will increasingly need to rely on older workers to fill these vacancies.

New guidance from the CIPD stresses the need for employers to act now, or risk the consequences.

Research shows that the age of the UK population is predicted to grow: by 2020, 36% of the working population will be aged over 50. And the number of people aged 90 and above will triple by 2035. Although some employers have begun to manage the issues associated with an ageing workforce, for those who have yet to make headway the main barrier appears to be a lack of expertise and awareness around these changing demographics.

Dianah Worman, Diversity Adviser, CIPD, said: “The business case for older workers is strong and research shows their impact and experience within the organisation enables better customer service, enhanced knowledge retention and can help to address talent and skills shortages. All of this will help to guard against potential age discrimination claims, thereby mitigating damage to the brand and any associated costs. With the removal of the Default Retirement Age last October, employers are freed up to adapt their workforce to the labour needs of the market.”

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