Demographics and longer schooling mean too few young people to grow businesses; so organisations need to hire and retain older people to fill the talent gap.
This is not a new problem, but few organisations have responded. Certainly, there are challenges, such as unconscious bias. “It’s this automatic assumption (that) in your late 50s you’re on a downhill slope and you’ll soon be gone, so let’s focus on everyone else” says Ros Altmann, UK Pensions Minister 2015–16. That extends to opportunities for promotion and learning. But we’re in a new world, where the older generation have higher expectations of themselves and their workplace.
Considerations for an ageing workforce.