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Latest News

Ageism costing UK economy time and money

by Personnel Today 14 Apr 2003
by Personnel Today 14 Apr 2003

Thirty
per cent of men over 50 years old are unemployed because firms are ageist,
research finds.

Employers
are reluctant to adapt and retrain older staff, according to the survey by
Third Age Employer Network.

The
report claims UK businesses must change their attitude to older staff if the
country is to compete in the global marketplace.

Up to
£20bn a year is lost in productivity and taxes due to employers’ attitudes.

The
study concludes that because a third of the working population is currently
over 50, and the figure is expected to rise to 40 per cent by 2020, UK
organisations can’t afford to ignore the merits of employing older workers.

By
Paul Nelson

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Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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