Nov 12th 2019
NEWS UPDATE: SUPPORTING SEASONED EMPLOYEES IN THE DIGITAL WORKPLACE
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With the state pension set to rise to 67 by 2028, the UK workforce demographic will become increasingly older with people remaining in work for longer. Alongside this, by 2030 it is predicted that as many as 375 million workers will need to alter their skills in order to adapt to digital transformation. In order to future-proof organisations, business leaders should see these changes as an opportunity.
As technology continues to disrupt the workplace, business leaders should look to upskill older workers. Not only is this more economical but older workforces are the most engaged generation, bring stability and knowledge to the workplace and an age-diverse labour force is proven to contribute to better performance. Despite the business case of retaining the older workforce, only 25% of employees aged 50-59 felt their employer encouraged them to take up learning and development opportunities compared with 44% of 18-39 year olds.
Engaging older workers
Employers need to recognise the value added by older workers. There needs to be an increase in awareness around the importance of employers engaging and training older workers. As the state pension gets older, and the workforce demographics shift, disengaging or neglecting older workers will cause a larger strain on the wider economy and stunt economic growth.
Older workers should be used to their full potential. Investing in older workers and offering learning and development opportunities and working arrangements specifically targeted to older workers will not only retain key talent but will attract a demographic that will contribute to your wider organisation. Equally, disengaging older workers will lead to an unmotivated section of your workforce and reduce productivity. Employers need to adapt accordingly to the changing demographics of the workforce and this is not just with regards to Gen Z. Adapting to include older workers is just as important to compete in the fast-paced working environment.
Want to hear more of our point of view on the news? Read on here.