Your business can’t afford to overlook your older workers
A lot of over 50s are leaving the workforce. Here’s how you can halt the trend and bring them back.
Labour shortages are holding back growth so it’s on businesses and policy makers to turn over every stone to find ways to ease – if not solve – the issue.
One thing is for sure: we need to address our high levels of economic inactivity – people who are neither working nor looking for work. And as older workers are behind the sharp rise in UK inactivity since the pandemic, we need to be having more discussions about the reasons for it, and what might make the over 50s stick around or come back to work – for the sake of our businesses and the economy.
The topic came up time and again at the CBI Annual Conference 2022, with speakers focusing on issues including:
- workplace health
- caring responsibilities
- menopause awareness
- flexible working
- attracting people back from retirement
- recruitment considerations
Take six minutes to watch highlights from one of the sessions to find out more, with CBI Chief Economist Rain Newton Smith talking alongside Phoenix CEO and the government’s champion for older workers Andy Briggs, and Chairman of John Lewis Sharon White.
We need more discussions about the over 50s workforce
