New research suggests people may benefit from working past retirement, especially office workers, teachers or skilled workers.
With the government recently saying the state pension age will now rise to 68 between 2037 and 2039, it’s becoming increasingly important to look at the impact of working into older age.
The benefits of keeping busy
Researchers in the US have now suggested that some form of work, whether it be part-time or self-employment, can keep people mentally and physically healthier for longer.
Work provides social interaction and a feeling of worth. The old saying ‘use it or lose it’ is ringing more true than ever.
A Mercedes-Benz plant in Germany found that older workers were actually more productive. With their experience and ability to work in teams, they were better at fixing problems quickly.
People over 50 have often struggled to find work if they have been made redundant. Or having tried retirement for a year, realised there is only so much gardening you can do!
Older people in the workplace
B&Q have long been a champion of older workers, praising their customer service skills and loyalty. Now they are joined by M&S, Sainsburys, Barclays and Aviva, who are recognising we may have a skills shortage after Brexit and are actively targeting this age group.
Not everyone takes it easy into old age. President Trump is 71, Prime Minister Theresa May is 60 and Jeremy Corbyn is 67. Some jobs and companies won’t have the right environment. But if all else fails, they could always go into politics!
Help from The HR Dept
We have long discussed the merits of employing a diverse workforce, and age certainly comes into that. If you would like help ensuring you are exploring the full depths of the talent pool, get in touch with your local HR Dept adviser.