New research shows nearly half of workers would stay in their work- if offered improved flexibility by their employers in later life New research shows nearly half of workers would stay in their work- if offered improved flexibility by their employers in later life. An interesting fact that 47% per cent of (older) workers responding to the latest British Social Attitudes Survey (BSAS) indicated they would happily work longer before retiring providing their employer were to offer more flexible hours. This would mean older workers keep their skills up to date, continue to earn an income and free up some time to take part in other things such as caring for a spouse, grandchildren or perhaps indulging in a new hobby or sport.. A similar proportion of respondents said they would want to work part time (46%), or take on a less demanding role (30%). The latest official employment figures show that there are more older people in work than ever before, with the employment rate for older workers at a near-record 70.8%. It is predicted that by 2020, 30% of British workers will be aged 50 and over. Employment Minister Damian Hinds said: There are more older people in work than ever before, but we know that many leave the workforce earlier than they’d like. Having greater flexibility over when and for how long they work is clearly something that appeals to many people. Encouragingly, we’re seeing more employers taking on older workers as they recognise the benefits of having them on the payroll. Annual Report of the Chief Medical Officer 2015, On the State of the Public’s Health, Baby Boomers: Fit for the Future ………………… But we want to go further to help more older people stay in employment, which is why in the new year we will publish a strategy led by employers on how we plan to do it. Other findings in the report show: Nearly two-thirds of employees say that they expect to retire in their 60s Approximately 30% of 18 to 24 year olds and 21% of 25 to 34 year olds expect to retire in their 70s More people reported a good or reasonable knowledge (47%) of pensions issues, compared to the BSAS in 2011 (33%) Earlier this month the government’s Chief Medical Officer – Dame Sally Davies – released her report recommending “baby boomers” stay in work to remain healthy.
