Strategic commentary John Deacon he number of people working However, with a growing number of John Deacon is based at Head of Employee Beneﬁts, London, UK. past the age of 50 is on the older employees on the payroll, it is rise. According to the Ofﬁce for natural for junior staff to question the National Statistics, workers aged 50 likelihood of progression and future and over made up nearly 80 per cent opportunities in the business. If senior of employment growth over the past staff stay the same, businesses risk decade. Living longer, coupled with missing out on new ideas and skills inadequate pensions and savings, that new promotions bring. means that for many older workers, While the government has pushed for retirement is still years away from a more training among younger people, reality. the same cannot be said for those There are lots of beneﬁts to employing over the age of 55. According to the older staff, not least the experience, CIPD, training opportunities for older skills and knowledge they bring to the workers remain limited, meaning table. A melting pot of Baby boomers, these employees will ﬁnd it harder to millennial professionals and fresh- grow and
Strategic HR Review – Emerald Publishing
Published: Aug 12, 2019
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