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Over-60s ignored by UK employers

Britain&#39s bosses are shunning the over-60s workforce, says a study by Norwich Union.

Its Grey Matters research shows three-quarters of all UK employers do not employ anyone over the age of 60.

But the study, which surveyed 300 employers across a range of industry sectors, shows more than four in five employers think over-60s could make a significant contribution to the workplace.

The main concerns of employers about taking on over-60s are health and safety issues, as well as fears that older people will not stay in the job as long as younger employees.

They also see problems with over-60s fitting in with the younger staff and work environment and are unsure of the legal issues surrounding their employment.

Employers are also worried that over-60s would not do as good a job as a younger per-

son and that employing over-60s would be bad for the com-pany&#39s image.

The research is part of

the life office&#39s push into the equity-release market – an area which it feels is often overlooked as a means of freeing up cash to enable the old to enjoy a more comfortable retirement.

Head of equity-release marketing Daren Carter says: “Our research shows that more than three-quarters of Britain&#39s

bosses do value age and experience and believe over-60s can make a significant contribution in the workplace.

“At present, the tendency to favour youth over experience is leaving a significant and highly skilled section out in the cold. However, employers think they will take on more staff over 60 over the next 10 years as the population ages.”

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