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Employed over-50s 'at an all-time high'

Document Cited in Related
Vincent
Published date02 April 2024
Publication titleEvening Chronicle
The employment rate of those aged between 50 and 64 has increased by 16% from 56% to 72% in the past 30 years - showing the rapidly growing contribution of this age group to the workforce, said Rest Less

Its analysis of official data indicated that the number of employees aged 50 or over is close to equalling the number of aged 35 to 49-year-olds for the first time in history.

Stuart Lewis, chief executive of Rest Less, said: "Falling fertility rates, medical advancements and a whole host of other societal changes that have taken place across many decades have resulted in a seismic shift to the demographic make-up of a typical workplace today.

"In organisations around the country, it is

There are 10.9 million people aged 50 or over in employment no longer uncommon to have five generations under one roof - a trend that is only likely to accelerate with older workers as the fastest growing demographic in the workforce. Smart, forward looking organisations are starting to take advantage of the many benefits of age diversity and harness the diversity of thought, different approaches to problem solving and the marriage of experience and new perspectives that can be achieved through the huge value of multigenerational teams.

"It's becoming commonplace for...

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