Good news for older workers … and the economy

The government in the UK has finally called time on the Default Retirement Age saying workers nowadays are living healthier and longer lives. From October no firm will be able to retire employees compulsorily retire older employees. This decision has been long due. Few can disagree that older workers bring many positive experiences and benefits to any workforce, with lifeskills such as attitude, work ethic, teamwork ability, problem solving and commitment. Liz Field, CEO of the Financial Skills Partnership (FSP), says “the economy and society we live in are changing and demand greater flexibility. The skills, past experience, customer knowledge and soft skills provided by older workers are therefore essential in enhancing a changing market”.

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