Businesses estimate a third of staff will struggle past traditional retirement age

Gaynor-Tom-MetLife-2013

HR directors believe that on average 31% of their current workforce would not be able to perform their jobs adequately past the traditional retirement age. Despite this, over half (54%) of businesses expect an increase in the number of older employees within the company.

The research, conducted for MetLife Employee Benefits in March, found that 32% of employers thought their company had a positive attitude to older workers, with another 12% admitting people in their workplace had a less favorable attitude to older staff.

The survey, which conducted interviews with 214 HR directors across the UK, found that the biggest concerns attributed to an older workforce are a potential increase in staff absence or difficulties in career progression and recruitment.

Tom Gaynor, employee benefits director at MetLife UK (pictured) said: “Employers are on the front line and need to respond positively to the demographic changes we’re starting to see in the workforce. It’s encouraging that there are mainly positive attitudes, but there is still an undercurrent of concern and misguided thinking that could inhibit positive change.

“Older workers have a tremendous amount to offer and shouldn’t be seen as a problem, but as a solution to many workplace challenges.”