the Business Forum and
the Economic Partnership
in Brighton & Hove
Homepage    BCRP Intranet    Funding    Events    Knowledgebase    Links    About us     Contact us
Key projects
Crime
reduction
 


Inward
investment
information
 


Licensee
Forum
 

Workforce development 

Transport
 

Business &
climate
change

Property &
Development sites

Business
Improvement
Districts

Housing
 

Strategy
 

Consultation opportunities
 

Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
Email: info@brighton
business.co.uk

© Brighton & Hove
Business Forum

News - 30 January 2010

Should older people be encouraged to work?

A new report from the Equality and Human Rights Commission shows that many people approaching the age of retirement would prefer to continue working.

Scrapping the default retirement age would reduce the financial burden on the state and prevent a shortage of skills needed to steer Britain through the economic recovery. But it is not just about policy. Businesses need to re-evaluate their position on employing over 50s.

The report shows that financial necessity is the main driver in keeping older people at work but that isn't the whole story. Many want to stay for personal fulfilment and development.

Extending working lives by 18 months could inject £15 billion into the British economy. An end to forced retirement at age 65 will keep skills in the economy, decrease welfare costs and increase the spending power of older Britons.

A total of 24% of men and 64% of women say they plan to keep working beyond the state pension age.

According to the report the ageing of the population has led policy-makers to put a high priority on extending working life. However, little attention has been paid to creating the conditions to enable people to work beyond retirement age. Traditional views about older workers still shape the attitudes of many employers. The survey of the work aspirations of the over 50s, and the barriers facing them, reveals that many assumptions made about this age group are wrong:

  • The majority of workers over 50 (62% of women and 59% of men) want to continue working beyond state pension age.
  • More than twice as many (1%) over 50s want promotion as want to downshift (4%).
  • Instead of being unfit to work due to ageing and ill health, 62% describe themselves as feeling as fit as ever, with structural and attitudinal barriers thwarting their ability to stay involved.
  • Enthusiasm for learning persists: 44 per cent of 56-59 year-olds and a third of 60-64 year-olds have undertaken training in the past three years. 2% of the over 50s had trained to improve their job prospects.
  • Responsibility for children continues, with nearly one-quarter of 56-59 year-olds and 9% of 70-75 year-olds still supporting their children financially.
  • Working longer is not a burden borne purely out of necessity: those who have elected to work longer are happy and enjoying what they do.
  • There is significant demand for greater flexibility in hours and location of work.

Almost 70% of the over 50s unemployed below state pension age and 85% of people inactive and over state pension age said that greater availability of flexible and part-time work would help them to find jobs.

An official review on retirement ages is due this year. The Equality and Human Rights Commission said the Lords today have the opportunity to remove the default retirement age through the Equality Bill.


Read related items on:
Employment
Surveys
Equality and Human Rights Commission


Browse our business Knowledgebase or search by keyword


Headlines

9 February 2018
Make Change Count 2018 - helping rough sleepers in Brighton & Hove
8 February 2018
Brighton Technology Company Paxton Announces Recipients of New Scholarship Programmein Association with the University of Brighton 8 February 2018
Cyber London Accelerator Invites Summer 2018 Entries 8 February 2018
Innovate UK Launches Strand 2 Emerging and Enabling Technologies Sector Competition 8 February 2018
Success In Sussex As Food And Drink Heroes Crowned Winners 8 February 2018
UK Games Fund - Fourth Round Open to Applications 8 February 2018
Innovate UK & Prince's Trust Launch Young Innovators' Programme 6 February 2018
Brighton & Hove Food Partnership launches 'Kit Out The Kitchen' crowdfunding campaign 2 February 2018
Brighton & Hove Council and Crest Nicholson win £15m government funding to kickstart King Alfred project 1 February 2018
Could a Utilise Plus Programme grant help you? 1 February 2018
Shoreham Port Facilitates Huge Operation 18 January 2018
IUK Announces Collaborative R&D Funding for Connected and Autonomous Vehicles Simulation 18 January 2018
Renault-Nissan-Mitsubishi Launches $1 Billion Corporate Venture Capital Fund for Next Generation Mobility 17 January 2018
PORTlife #17 Newsletter Out Now 17 January 2018
Over £19,000 raised for Burning the Clocks 2017 11 January 2018
Brighton Main Line Improvement Project: Planned closures in October 2018 and February 2019 11 January 2018
Come on in! Fairtrade Fortnight 2018 8 January 2018
Sussex Business SkillSnap targets hospitality industry skill shortage 3 January 2018
House Price update 2017 Q3 20 December 2017
£14.35 Million European Regional Development Fund Launched 19 December 2017
Leading the way - Sustainability in Action masterclass 15 December 2017
Brighton is among the best places to start a business due to their strong growth factors 15 December 2017
GTR consultation ends 20th Dec 2017 13 December 2017
Ethical Food StartUp Programme - Idea Generation Workshop 12 December 2017
Utilise Plus launch programme of energy efficiency grants and business support for SMEs 11 December 2017
City Centre Vacancy Rates Drop Slightly From Sept 5 December 2017
Innovate UK Announces Sector Competitions in Manufacturing and Infrastructure Systems 5 December 2017
GDPR, steps to early compliance 1 December 2017
The 29th Sussex Business Awards 2017 Winners Announced 1 December 2017
Old tech gear? Give IT a new lease of life 29 November 2017
Driving for Better Business Campaign launches 29 November 2017
ARKA Funerals sponsor Burning the Clocks 2017 with 'In Memory' lanterns 27 November 2017
Govia Thameslink launches third consultation phase on once-in-a-generation timetable restructure 23 November 2017
Coast to Capital Launches Brighton Mainline Alliance 22 November 2017
Calling all UK companies that have transport, parking and commuting issues to address 15 November 2017
Start-up Challenge Business Competition Offering £10,000 Investment to Young Entrepreneurs 15 November 2017
IUK Announces £10 Million Innovation Loans Infrastructure Systems Funding Competition for UK SMEs 15 November 2017
Sussex Food and Drink Grand Finalists Celebrate Success 10 November 2017
Meaning conference confirms speaker line-up: breeding a new army of business activists 10 November 2017
Positive body image documentary screening at Hove school