The Pandemic Has Intensified Ageism

As we come to terms with inclusion in the workplace, there is a form of exclusion impacting the talent pool and the companies that hire. Recent figures from the Department for Work and Pensions have highlighted that increasing employment for people over 50, has halted.

According to the report, 60% of people over 50 leave work, not necessarily by choice, but because of negative effects, such as redundancy.

There is a significant economic impact for people over 50.

Sally Bennett, executive manager, says, “I think the first step to tackle is to acknowledge that discrimination does exist when it comes to age. Candidates I work with have such a depth of knowledge on the business world, a clear outlook as well a responsible nature in the attitude towards work. No one should be sleepwalking into retirement.”

According to The UN, people over 65 is growing faster than any other age group. This statistic is expected to double over the next 30 years, whilst the number of people over 80 is projected to triple. 

According to accountancy firm PwC, empowering older people in the workplace boosts the GDP of an economy. In their Golden Age Index, it recognised if the 37 countries in the Organisation for Economic Co-operation and Development (OECD) increased employment rates for people over-55s to New Zealand levels, the long-term GDP gain could be as much as $3.5 trillion (£2.7tn).

Sally highlights where a brighter tomorrow can be found. “For any person looking for a new job, being employed should not be based on their age, but recognised by a business as someone who can contribute and become a real asset to the work environment.” 

Monica Collings, CEO highlighted, “Creating an environment that celebrates and promotes diversity is an important part of leadership. There are so many benefits, from better productivity, creativity and performance through to the positive perceptions of your business from an employer brand perspective. Greater diversity on all counts, including age, matters.”

The skillsets, values and quality of a person can contribute to the bottom line of a business. Better team members contribute to better business, no matter the persons age.