Open the pages of any business magazine and there is likely to be an article on the millennial workforce – what they need from their employer, the benefits of millennials in business. But what about the benefits of an ageing workforce?

There are now more than 1.2 million workers aged over 65, and almost one in seven is part of this age group. With state pension age continuing to rise, the lifecycle of employees is changing.

Employees in their 50s, 60s and 70s are a valuable asset to any business. Living through periods of enormous change means that they have had to be exceptionally resilient. They’ve adapted to the new demands of working, different approaches to business, and worked through various technological changes. This generation of ‘baby boomers’ have immense experience and knowledge to pass on to their colleagues.

Although an ageing workforce brings more experience to an organisation, it isn’t without its downfalls. The wear and tear from decades of work takes its toll physically, and the likelihood of serious illness still increases with age.

In order to keep these employees in work, employers should consider their specific needs. I would recommend that organisations look into the following key benefit areas for an ageing workforce.

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