Will an ageing workforce prove beneficial or detrimental to your business?

Figures released by the Office for National Statistics (ONS) revealed that the UK’s population reached its largest ever tally at 65.6 million during 2016. The nation’s population isn’t only getting bigger mind, as it’s also getting older as well. The ONS underlined this point, by recording that 18 per cent of citizens in the UK were 65+ in 2016 and that 2.4 per cent were 85+.

With our population getting older, it stands to reason that businesses throughout the UK will begin to witness an ageing workforce in the years ahead too. In this article, we explore the pros and cons of such a workplace…

The approach UK workplaces are taking regarding an ageing workforce
A lot of firms across the UK are currently unprepared for an ageing workforce, if the results of a survey of 500 of the nation’s employers which was published by the Centre for Ageing Better is anything to go by. In fact, 24 per cent of those involved in the study admitted that they weren’t ready to welcome a growing number of older workers and only 20 per cent were currently discussing an ageing workforce strategically in the workplace.

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