Employers fight to halt exodus of over-50s
Employers are doing everything they can to prevent the outflow of over-50s
Employers are doing everything they can to prevent an exodus of the over-50s.
According to a report by insurer Aviva, one in ten companies has taken support measures in the past year to help this age group stay in work.
Future planning: one in 10 companies has taken support measures in the past year to help the over-50s to stay in work
It comes as the Chancellor has begged those over 50 who have taken early retirement to return to work – at a time when 8.7 million people of working age are classified as economically inactive.
Support from employers includes offering apprenticeships to employees to learn new skills and mid-life MOTs that provide employees with checks on their health and financial position.
It also includes flexibility such as job sharing or partial retirement when employees work part-time.
In the spring budget, the government earmarked a Β£70 million fund to support people over 50 to stay in or return to work.