New research from Norwich Union (NU) suggests that older workers are prevented from working as long as they wish because of barriers in the workplace.
When asked what factors would stop them working past retirement age, nearly two thirds of 45 to 54 year-olds questioned, answered that employer culture does not support older workers.
Many more people are continuing to work past 65, either because they enjoy the mental stimulation and social aspects of their work or because they can’t afford to retire comfortably. Therefore the acceptance of older workers within a company is becoming a high priority, says the provider.
The research also reveals 17% of respondents believe a lack of part-time flexibility contributes to the problem, while 13% blame a compulsory retirement age.
Sandy Wilson, head of HR policy and reward at NU, says employers should encourage employees to stay in work longer. With an average customer age of 50, the company is currently reviewing recruitment practices in a bid to attract older workers.
He explains: “Promotion of a culture that embraces and values the knowledge and expertise of older workers is key to putting the retirement decision back into the hands of employees. Norwich Union is already working to improve its stance on age diversity. Its aim is to create a workforce that is more flexible, more creative and more reflective of our customer base. We want to ensure that our employees and customers have the power to make their own decisions”
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7968 4558 or email [email protected].IFAonline
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