You are here: Home - Retirement -

Employers worried about aging workforce

0
Written by:
17/09/2012
UK companies are bracing themselves for the impact of aging workforce health issues on sickness absence rates.
Employers worried about aging workforce

Aviva’s annual Health of the Workplace report revealed that a quarter of employers are concerned over the concerned that an increase in the numbers of older employees will see sickness absence rates rise.

A similar proportion of employers were concerned that older employees would be absent with more serious conditions than their younger colleagues.

Nearly three-quarters of employers believe that health issues in the workplace will increase because older employees suffer from different medical complications to younger employees.

Dr Doug Wright, medical director for Aviva UK Health says: “Life expectancy has been increasing for some time now and we are clearly seeing more people working past the traditional retirement age to meet their financial commitments or to help keep themselves fit and active.

“With that, employers are undoubtedly going to see some employees with conditions that are more common in older people, such as certain forms of cancer and cardiovascular disorders.

Despite the possible impact on sickness absences, half of employers believe there are positive benefits for individuals working past the traditional retirement age.

Wright added: “It’s encouraging to see from our report that employers recognise the role they hold in helping to keep their employees healthy – and in particular the need to adapt the support and benefits they offer to suit the differing healthcare needs of an older workforce.”

A third of employers said they would need to offer different health advice as the workforce ages further.

One in five said they would need to offer different health benefits and over a quarter of employers said they would need training to help spot signs of serious illness, such as dementia.

Over a third of employers have also realised that they may need to introduce flexible working hours for older employees.

The report also reveals that employees’ requirements change with age and as a result, so do the benefits that they value.

Over a third of employees over 55 said that having access to benefits such as private medical insurance could help them stay healthy, compared to a fifth of 25-34 year-old employees.

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Insurance Experts: Are you fully insured? Click here to get a quote.

For a free quote or to speak with an insurance expert call 0800 1218744

The 20+ savings accounts that beat inflation

Inflation unexpectedly remaining flat in June was good news for savers who had been expecting the rate to rise...

Why you shouldn’t buy travel currency in the UK with your credit card

If you’re heading abroad this summer, exchanging money in the UK ahead of your travels is a sensible idea. But...

Online pension dashboard could be scrapped

Plans to introduce an online hub which would allow savers to view all their pension savings, including their s...

Ryanair jetting towards US flights for £10

Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...

Investing in car parks: a good vehicle for income seekers?

As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...

A quick guide to guarantor loans – in association with Guarantor Loan Comparison

Considering a guarantor loan or becoming a guarantor yourself? Read our essential guide...

Results round-up: Companies to watch this week

Mulberry and more will face the music this week.

Product launches of the week

Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
2206023-tv
‘I’m in’: Celebs signed up to £3.5m pension campaign

The Department for Work and Pensions (DWP) has announced that well-known business icons including Theo Paphitis and Karren Brady are...

Close