Welcome to our latest Coffee Break in which we look at the latest legal and practical developments for UK employers.
Our ageing workforce report
Following our event on Tuesday 4 July, we are pleased to launch our new report "Providing for tomorrow today: understanding an ageing workforce". With over a third of the current UK workforce falling within the over-50s age band, our UK-focused report draws out some key learnings to help employers prepare and provide for an ageing workforce. 700 UK employees aged 35-55 from across a range of sectors were asked about their workplace experiences, preferences and future expectations: examining areas such as benefits, pensions, retirement age, skills gaps and training.
Respondents to the survey discussed in the report stated they would expect to retire at an average age of 62 (based on their current financial circumstances) and 83% of respondents said that their company is supporting them in planning for their retirement. However, 96% of respondents said that they would need additional training to ensure that they can do their job until their intended retirement age, while 79% would like to work remotely in their current role from an overseas location at any time up to their intended retirement age. These, together with other findings, were discussed by our panel at our event on 4 July; please look out for our forthcoming Insight on the key observations for employers as they navigate an ageing workforce.
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