Working with The Prince’s Initiative for Mature Enterprise (PRIME) and Business In The Community, The Internation al Longevity Centre have published a major new report about the challenges facing older workers, The missing million: illuminating the employment challenges of the over 50s. This is the first in a series of three reports being published on this topic over the next year.
The research demonstrates that of the 3.3 million economically inactive people aged 50-64, approximately 1 million people have been made ‘involuntarily workless’ - pushed out of their previous job as a result of ‘shocks’, a combination of redundancy, ill health or early retirement. This has created a silent majority’, where millions of over 50s are not working but would like to and are not receiving the help they need.
The research also shows that if people aged over 50 are helped back into employment, it does not mean that younger people are ‘crowded out ‘of the labour market. Helping older people back into the labour market could also lead to a potential £88 billion boost to the UK GDP. Most importantly securing employment for older people will transform their lives and offer them the opportunity of a brighter, more secure future.
Two further reports will be published following this paper on employment solutions and benefits of maintaining an older workforce.
Date :23 October 2014
New data analysis reveals the vast market for health apps – including the 760,000 ‘living fast, dying young’ under 40s who smoke, drink frequently, have a smart phone and regularly use the internet.
Date :19 September 2018
We are recruiting for a temporary Events Coordinator to coordinate and support our busy events calendar for the remainder of 2018, build on our external communications and assist the Head of External Affairs on communications around our Future of Ageing conference.
Date :30 August 2018
New international report explores the relationship between life expectancy and productivity in developed countries.
Date :20 August 2018
ILC-UK are once again looking for someone to speak for 10 minutes on the plenary platform in front of 250 people at our annual Future of Ageing Conference (29th November, London).
Date :03 August 2018
“Auto-enrolment has successfully led to millions more saving each month towards a pension, but the Committee is right to call for action to get people saving more. We are pleased they support our recommendations to consider automatic escalation of pension contributions for some individuals, and we agree that a strategy is needed to automatically-enrol the self-employed."
Date :27 July 2018
Dr Brian Beach, Senior Research Fellow at ILC-UK and who gave oral evidence to the Committee, welcomes the Committee’s call for stronger action by Government and EHRC and says it’s crucial that employers understand what ageism really is.
Date :17 July 2018