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50 shades of Grey

50 SHADES OF GREY THE AGEING UK WORKFORCE There are many challenges facing UK employers today, but an important one that will| only grow in significance in the future is the ageing workforce. Older workers have different needs and priorities that businesses should recognise and address. Here are some facts and figures that illustrate the scale of the issue. How MANY? children born in 2012 are likely to retire at the age of 77 (2) 47% of UK employees say they anticipate they will retire later than they previously thought (1) 2030 50% By 2030, people over 50 will make up almost 1/3 of the workforce and almost ½ of the population (4) 1 in 6 of the UK 1 in 5 of population workers do not expect to retire until they are over 70 (3) is now 65 and over (5) and more than 900,000 of these are in 1/5 employment (5) 900,000 How PREPARED ARE EMPLOYERS? Only 14% of HR Only 1/3 of HR managers say there is board managers believe their organisation is well prepared to cope with the issues around an ageing working force (6) level recognition on the need to drive effective strategy on employing older workers (6) 14% 33% A GROWING PHENOMENON 29% of employers report a rise in the 29% average age of employees (7) 37% of employers expect to see their workforce 37% getting older in the future (7) 38% of employers say that ageing 38% workforce health issues will impact their business (7) IsSUEs FACED BY OLDER WORKERS 50% 111,000 1 in 4 people aged between 45 and 60 provide active Over ½ of all cancers Around 111,000 people have diagnosed each day-to-day support year are in adults aged heart attacks each year, most of these are aged 45 and over (source: NHS) to their parents (8) 50 to 74 (9) 1. Global Workforce Study, Towers Watson 2012 2. PwC research 3. ICM survey, commissioned by Unum 2011 4. DWP 5. ONS 6. Managing a healthy ageing workforce report, CIPD 2012 7. Annual health of the workplace report 8. YouGov study for Engage Mutual Insurance group, 2012 9. Cancer Research UK unum Because everyone needs a back-up plan 10. NHS 09-0

50 shades of Grey

shared by ramblerandgambler on May 22
Specialists in income protection, Unum, have created this great infographic about the ageing workforce.




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