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UK businesses 'not recognising value of over-60s'

21 January 2013

Employers across the UK are not taking advantage of the skills offered by workers over the age of 60, according to a new report.

The survey of over 500 UK chief executive officers of businesses with more than 250 employees, across 13 different sectors, was carried out by Skillsoft.

It found that 92 per cent of firms do not invest in training or development for ageing employees, potentially meaning they are left behind in comparison to their younger colleagues.

Skillsoft general manager Kevin Young noted that two billion people across the globe will be over 60 by 2050, meaning businesses should be aware that more of their staff may be composed of older workers in the future.

"The older generation can add so much value to an organisation with their experience, and failing to complement this with the latest key training, could potentially damage future development," Mr Young added.

Executive director of manufacturing organisation EEF Caroline Gumble told HR Magazine that performance management schemes should be used to ensure older staff are used to their best advantage.

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Categories: Functional Practices, Human Resources

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