- 37% of workers over 55 say they would plan to leave their jobs if their employer has restricted the ability to work on flexible hours, and 25% would take a salary reduction in exchange for more flexible work options.
- The report reveals that the key sectors of the UK's industrial strategy lose 440,000 workers from the 1950s each year until the early exit, often for reasons that could be supported by better flexible work.
- The standard center of life for the future of retirement requires expanded flexible work options to help maintain precious workers over the 1950s in employment longer and reduce the levels of economic inactivity of the United Kingdom.
More than a third (37%) of workers aged 55 and over would consider leaving their job if their ability to work flexible hours was considerably reduced, according to research from the Life Center for the Future of Retrying. One in four (25%) out of 55 would take a salary reduction in exchange for more flexible work options. *
Research, based on a survey of 4,000 British adults, highlights the essential role that flexible work plays in work satisfaction and labor retention. This is particularly important for elderly workers, with 26% of children aged 50 to 64 in the economically inactive United Kingdom. **
Standard Life's Center also found that three workers out of 10 (30%) over 55 years and almost half (48%) of all workers would think of stopping if their employer limited their ability to work flexible in different places, such as home work.
This has important implications for the economy, in particular in the light of the recent report of the center, counting on the experience ***, which revealed that the key sectors to provide the industrial strategy of the British government depend strongly on workers over 50 years. However, these sectors lose 440,000 more than 50 years each year thanks to early outings, often due to factors that could be supported by better flexible work.
Currently, more than 3.4 million workers aged 50 and over are employed in these strategic sectors, including 450,000 people over the age of 65.
The report warns that these industries, from advanced manufacturing to life sciences, age faster than the wider economy. The premature loss of more than 50 years experienced should cost the British economy 31 billion pounds sterling per year in loss of production.
Political recommendations
The report has highlighted a certain number of possible political solutions to support the workforce plans and explicit factors in the needs of over 50 years. Key recommendations include:
- Introduce more flexible work options and improve the design of work to support longer and more fulfilling professional life.
- Develop access to occupational health and support for those who managed health problems.
- Improve the availability of the training of quarantine, career advice and financial advice to help workers plan and adapt.
Patrick Thomson, head of research analysis and policy at the center, commented: “Flexible work can make the difference between the maintenance of qualified employees or see them go out. This can help many workers in fifty and sixty to balance their work with factors such as health or care responsibilities. If we want to stimulate the growth of the economy, we cannot afford to lose their experience.
“While people live longer, it is important that employers and decision -makers continue to facilitate work for people as long as they wish or must, so that they can save enough for good quality retirement.
“This means normalizing age recruitment, investing in lifelong learning and offering the flexibility that people need to balance work with health and benevolence responsibilities.
“At the national level, the advantages are just as clear. The conservation of experienced workers stimulates productivity, reduces pressure on public services and supports long -term economic growth. The support of older workers is not only the right thing to do – it's the smart economy. ”
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