The review survey findings gave a mixed view in terms of age in the workplace.
Many survey respondents did not see an issue or need to change within their own organisation, with an apparent disconnect between the experience of senior leaders and with the workforce as a whole. Only 15% of respondents felt they faced issues with managing age-diversity at work, or challenges with the retention and promotion of older workers. Some 57% believed that they already have measures in place to reduce age-bias in recruitment, however we know that this is not the experience of many older applicants with the majority of over 50s saying they feel disadvantaged because of their age.
Employers say they value the benefits that age-diversity can bring, with 91% of respondents recognising the benefits of an intergenerational workforce. A potential willingness to take a more proactive approach is highlighted in two thirds (67%) who would consider a pledge to be an age-friendly employer.
Many of these businesses do offer opportunities for older workers in leadership positions, such as:
- reducing working hours (83%)
- taking family/caring leave (66%)
- taking sabbatical leave (65%)
However a small proportion (6%) said that their business does nothing to support later life working. Just over half offer opportunities to retrain, a factor that will become increasingly important with the impact of COVID-19.
These findings show that while older workers are well represented in senior levels with 82% of board members aged over 50, they do not represent the experience of most over 50s. There is still an issue with a lack of opportunity to progress and develop at older ages, and a perception that if you haven’t progressed by a certain age you never will.
Huge strides are being taken by many employers to make work more inclusive for people of all backgrounds and of all ages, but there is still much work to be done.