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LATEST NEWS
| Older Workers will be more valued in the Future | | | Source: TAEN Website 20/05/2010
It's latest Visions of Britain 2020 report conducted in conjunction with the Future Foundation, concludes that three types of worker are set to dominate Britain’s workforce in 2020. The majority of the workforce will be comprised of older workers, sandwich-generation workers and graduates.
By then, the number of workers aged 55 and over will grow by 2 million to 7.16 million, the report predicts. The recession has vividly demonstrated the value of experience, and the research predicts employers will place more of a premium on those with “years under their belt”.
Trevor Matthews, Chief Executive officer of Friends Provident, said:
“Our new report highlights significant challenges facing three key groups within the workforce of 2020, and shows that each group will have its own unique requirements within the workplace. We believe employers need to develop targeted policies and benefit packages for each audience to manage the needs of an increasingly diverse workforce.
“For older employees, there will be more opportunities in the workplace than ever before; for others, finding the right opportunity will be a significant challenge.”
Ian Brinkley, Director, The Work Foundation, says:
“One of the great shocks of this downturn was the realisation that hardly anyone, particularly in the senior reaches of companies, remembered what the last recession was like. I think a lot of firms have found that the loss of corporate memory from their older and more senior workers is quite a difficult problem, which this report examines.”
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