OUR FUTURE WORKPLACE
?
HOW ARE THE DEMOGRAPHICS OF THE WORKFORCE CHANGING WITH INCREASING LIFE EXPECTANCY
9.4 million people in employment over the age of 50 in the UK, equivalent to over 30% of the workforce
ARE YOU AGE READY Through the increasing life expectancy from a baby boom generation make up a larger proportion of our workforce today
People aged 50 and over have made
80%
Older people who wish to remain in employment often face practical, cultural, organisational and psychological barriers to finding and staying in work.
total employment growth over the past decade
LIFE EXPECTANCY Within the UK 2.8% increase
Over a
2008
2.1% increase
2009
10 year period
2010
MALE
2011
FEMALE
2012 2013
life expectancy figures stand at 79.3 for males and 83 for females, with this rising to as high as 93.9 for males and 96.5 for females by 2039
2014 2015 2016 2017
78
2018 84
83
82
81
80
79
78
77
77
78
79
80
81
82
83
84
YEARS
(AGE)
85
EMPLOYMENT RATE (%) for 2018 66%
BACK IN
By 2022 there will be 700,000 fewer people between the age of 16 to 49 in the UK but 3.7 million more people aged between 50 and 65
25-34
2012
50-65
71.8%
83.5%
With an increase of 5.8% over a 6 year period makes an almost dramatic increase of a percentage every year. Organisations are not prepared to meet the challenges associated with these changes.
85.1%
85
35-49
50-65
THE ISSUES AN OLDER WORKFORCE FACES Hearing loss is common in those over 60, making conversations and instructions harder to distinguish
average retirement age shows a steady rise, from 63.8 years to 64.6 years between 2004 and 2010 for men and from 61.2 years to 62.3 years for women
With retirement ages increasing, it is becoming increasingly important for workers to remain physically and mentally healthy
Deterioration of visual acuity and functioning in low light levels may begin in the mid-40.
20 % 5
Mild cognitive impairment (MCI) affects between 5 and 20 per cent of the population aged 65 or over
REFERENCES 1.Parliament.uk. (2019). [online] Available at: https://www.parliament.uk/pagefiles/504/postpn391_Ageing-Workforce.pdf. 2.agediscrimination.info. (2019). Ageing workforce — agediscrimination.info. [online] Available at: http://www.agediscrimination.info/ageing-workforce. 3.CIPD. (2019). Workforce Demographics UK | Reports | CIPD. [online] Available at: https://www.cipd.co.uk/knowledge/work/trends/ageing-workforce-report.
CREATED BY CAMERON COPLAND