19.02.13

DWP Publish an Employer's Guide to Employing Older Workers

The Department for Work and Pensions (DWP) has published a new guide for employers on today’s multi-generational workforce.

‘Employing Older Workers. An employer’s guide to today’s multi-generational workforce’, explains how demographics show that the country is running out of workers with current employer plans suggesting that 13.5 million job vacancies will need to be filled in the next ten years but only 7 million young people will leave education during this time.

As people are living and keeping fit for longer, many older workers are looking to extend their working lives, with over 50 per cent of workers aged 55+ planning to work beyond the state pension age. Currently, over 50s make up 27 per cent of the current workforce and this is expected to reach a third by 2020. As such, it is vital for employers to effectively manage an ageing multi-generational workforce.

The guide also addresses misconceptions about employing older workers concerning productivity, up-skilling, health and ‘blocking’ opportunities for younger workers.

Many successful employers report the benefits of employing older workers as part of a multi-generational workforce include:

•     A broader range of skills and experience;

•     Opportunities for mentoring new recruits;

•     Transfer of skills across the workforce;

•     Reduced staff turnover;

•     Improved staff morale.

The guide aims to answer employers’ questions and concerns covering areas such as recruitment, performance, succession management, retention and retirement. It can be read alongside the Employer Case Studies which describe real life solutions that have been tried and tested by employers of different sectors and sizes.