MANAGING AN AGEING WORKFORCE

TOP 5 AGE-FRIENDLY POLICIES

SURVEY OF HR PROFESSIONALS Very effective Moderately effective Not effective OTHER AGE-FRIENDLY
POLICIES AT WORK

Review of pay levels across

age bands (for the same jobs)
Regular age
discrimination checks
Career guidance for older
workers to help people
make choices about future
career development

81% 52% 45% 36% 30% Adaptation of workspaces

for older workers
FLEXIBLE WORKING PREPARING FOR ADVICE AND SUPPORT HEALTH AND/OR ABSENCE AGE-SPECIFIC
FOR ALL AGE RETIREMENT FOR THOSE CARING FOR ANALYTICS ACROSS WELLNESS Reverse mentoring
GROUPS PROGRAMME AGEING RELATIVES VARIOUS AGES PROGRAMME
Measurement of the
distribution of training
78% 86% 81% 52% 81% spending among the
20% 14% 19% 44% 19% different age groups

2% 0% 0% 4% 0%
Source: Mercer 2015

UK PARTICIPATION RATES FOR THOSE AGED BETWEEN 50 AND STATE-PENSION AGE AGED BETWEEN 50 AGED ABOVE STATE-
AND STATE-PENSION AGE PENSION AGE
PARTICIPATION RATE, BASED ON YEARLY ROLLING AVERAGE
Participation rate (%) Participation rate (%)
In employment (m) In employment (m)
100 8

90
7

80
6
70

5
PARTICIPATION RATE (%)

60

IN EMPLOYMENT (M)
50 75.3% 4
of those aged between
50 and the state-pension age
40
were participating in the labour 3
market by the end of 2014,
along with 12.1 per cent of
30
people beyond the state-
pension age 2
20

1
10

0 0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

MAIN OBSTACLES IN MANAGING AN AGEING WORKFORCE

UNDERSTANDING
EMPLOYEE INTENTIONS 27%
NO BUDGET/RESOURCES
AVAILABLE
27%
MULTIPLE STAKEHOLDERS
TO MANAGEMENT
22%
UNDERSTANDING
COST IMPACT
21%

HIGHER PRIORITY ITEMS 18%

BENCHMARKING 15%

DATA GATHERING 12%

Source: Mercer 2015

AGE DISTRIBUTION OF THE AGED 0-15 16-64 65+ REASONS WHY PEOPLE WORK PAST STATE-PENSION AGE
UK POPULATION (%) 1.3%
64 63 64 63 Due to
61
58 58 opportunities
to work more
10.1% flexible hours
Other
6.6%
7.4% Employer needs
To boost your experience
pension pot or you are
24 25
21 21 needed in the
20 19 19 20 family
18 18 17
15 16 16
16.8% 8.3%
49.5% To pay for To pay for
Not ready to stop work essential items desirable items
1984 1994 2004 2014 2024 2034 2044
Source: Office for National Statistics 2014
Source: Office for National Statistics 2015

WHAT COMPANIES ARE DOING TO MANAGE AN AGEING WORKFORCE OCCUPATIONS OF PEOPLE WORKING PAST STATE-PENSION AGE

11% 5.6%
Thinking about
when to retire 8.2% Process, plant
and machine
Caring,
operatives
leisure and
10% 15.6% 12.3% other service
Developed Administrative and Skilled trades occupations
policy secretarial occupations occupations 6.6%
Sales and
customer
service
occupations
25% 10% 10.1%
Data and Working 13.2% Associate
information group 44% 17.3% Managers, 11.2% professional
gathering discussions Nothing yet Professional directors and Elementary and technical
occupations senior officials occupations occupations
Source: Mercer 2015
Source: Office for National Statistics 2014