Click Fraud Protection

Connecting...

CIPD: Valuing older workers is key for business operations

News | Older employees | Business operations | CIPD

W1siziisijiwmtcvmdqvmjcvmtivmdkvntgvmtc4l3zhbhvpbmctb2xkzxjzlxdvcmtlcnmuanbnil0swyjwiiwidgh1bwiilcixmdawedqwmcmixv0

Older employees are becoming more important for business operations, a new study has found. 

The Chartered Institute of Personnel and Development (CIPD) and the International Longevity Centre found that Britain could face severe skills shortages in the next 20 years if managers do not change their approach to workforce planning. 

To prevent these issues, the CIPD is urging all organisations to capitalise on the benefits of a more diverse workforce instead of suffering from an absence of skills as the workforce gets older.

Unless organisations begin improving how they recruit older workers, it is believed that the UK economy will struggle to fill one million jobs by 2035. The health and social work, education and public administration industries are most in danger of skills shortages. 

The study also found that the manufacturing, construction and transport and storage sectors all see at least a 50 per cent drop in the number of people employed between 45-49 and 60-64.

Ben Willmott, head of public policy at the CIPD, said: “2035 may sound far off but the reality is that organisations need to get to grips with the ageing workforce challenge today or face skills shortages that will affect their ability to grow or deliver key services in the very near future. 

“The findings in this report suggest too many employers are sleep-walking towards a significant skills problem that risks derailing their business strategy if not addressed.”

Mr Willmott explained that enough organisations are thinking of workforce planning or know about the makeup of their company. Managers need to understand the value older workers can bring to their organisation when hiring new staff. 

As well as this, it is more important that employers consider the health and wellbeing of their staff to provide more flexible working possibilities.


Posted by Jon Aspinell on 1st July 2015

SHARE

RECENT CONTENT
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

IT Support Analyst - Central London -...

London, England

£35000 per annum

IT Support Analyst - Kentish Town, NW London. A well-established firm within the manufacturing industry is looking fo...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndcvntgvmjy1l1cxc2laaulzswpjd01uy3znrff2twprdk1urxznelv2turrdk5etxhmm2rwy21vdwfulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Lead DevOps / Systems Engineer

Surrey

£75,000

A rapidly growing technology business is seeking to add a very experienced Lead DevOps / Systems Engineer to their te...

READ MORE
W1siziisijiwmtcvmdqvmjqvmtevmjavmjcvmtyvahixlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

HR Advisor

City of London

£25,000

A rapidly growing IT business based in the City of London is currently recruiting for an HR Advisor to join their Hum...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndkvmduvmta4l1cxc2laaulzswpjd01uy3znrfv2twpzdk1urxznakl2turndk9euxpmmezqwxkxdgfxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Finance Manager

Dunstable

£45000

A creative agency are seeking a Senior Accountant or Finance Manager looking to step up into an Financial Controller ...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndkvmduvmta4l1cxc2laaulzswpjd01uy3znrfv2twpzdk1urxznakl2turndk9euxpmmezqwxkxdgfxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Payroll Clerk

Berkshire

£26,000

A highly successful and growing business is looking for a positive Payroll Clerk to be based in the Wokingham area, B...

READ MORE
W1siziisijiwmtcvmdcvmtavmtavndkvmduvmta4l1cxc2laaulzswpjd01uy3znrfv2twpzdk1urxznakl2turndk9euxpmmezqwxkxdgfxlmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mfx1mdazyyjdxq
VACANCY

Assistant Accountant

Borehamwood

£35,000

The Ashdown Group have been engaged by a well-established business operating in the finance sector to assist them in ...

READ MORE
W1siziisijiwmtcvmdcvmtqvmdkvntyvmtevnjm5l1dvcmsgagfyzgvymi1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Advice

What to look for in the perfect application

There are few things more detrimental to a company than making the wrong hire for a critical role. A recent study by ...

READ STORY

W1siziisijiwmtcvmdcvmtavmtavndmvnduvnju2l1vudgl0bgvkms1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Advice

How can you make your workplace more attractive to top talent?

Businesses are facing a challenge in trying to attract top talent to their workforces in the current economic climate...

READ STORY

W1siziisijiwmtcvmdcvmdqvmdcvntyvndkvmty1l0hpcmluzy1taw4ucg5nil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
News

Skills gap ‘costing UK businesses £2 billion a year’

The skills gap is costing UK businesses more than £2 billion a year in higher salaries, temporary staff and recruitme...

READ STORY

W1siziisijiwmtcvmdyvmjkvmtevmdmvntuvnjk4l1dob29wcy5wbmcixsxbinailcj0ahvtyiisijmznxgxnzajbmuixv0
News

UK businesses ‘making bad hires in two-fifths of roles’

UK businesses are failing to hire the right person for two out of every five vacancies, a new report from the Recruit...

READ STORY

W1siziisijiwmtcvmdyvmjkvmdgvmzkvmtgvmtqxl0nvbgxhyi1taw4uanbnil0swyjwiiwidgh1bwiilcizmzv4mtcwi25lil1d
Insight

Should you be using social media in your recruitment strategy?

It has evolved into a particularly useful tool for companies looking to attract younger, tech-savvy candidates. Howev...

READ STORY

W1siziisijiwmtcvmdyvmjivmdkvmzmvmtuvodc3l1f1zwvucybtcgvly2gtbwlulmpwzyjdlfsiccisinrodw1iiiwimzm1ede3mcnuzsjdxq
News

Business responds to Queen’s Speech

This year’s Queen’s Speech follows a tumultuous period in British politics, with Article 50 being triggered and a sna...

READ STORY