Work and Wellbeing Fred Heritage · 19 October 2017
How employers can boost health and wellbeing support for older workers
Over five million British workers aged 50 and over are worried that health concerns will stop them from prolonging their careers, the latest health research from insurer Aviva has revealed. Some 55 per cent of over-50s fear their work will become detrimental to their health as they grow older, or they might not be well enough to continue working. Health concerns are already an issue for 13 per cent of workers over 50-years old. Aviva’s latest Real Retirement report also found that just 17 per cent of over-50s have access to health and wellbeing advice at work, with very few professionals having received any information about workplace initiatives that could prevent health issues and prolong their careers. Almost half of older workers (48 per cent) expect to be working beyond the age of 65, whilst 23 per cent expect to work past 70-years old. Some 13 per cent of older workers expect theyll never retire. The research found that the average age people expect to retire in the UK in 2017 is 66, although 43 per cent of over-50s claim they don’t have enough savings to retire when theyd like, and 32 per cent say high living costs mean they can’t afford to stop working. Despite the desire of many older workers to retire, some choose not to. Aviva revealed that 34 per cent of over-50s continue working because they value mental stimulation, whilst over a quarter value the social interaction that comes with being an employee. Support for older generations of workers is becoming more and more vital. Aviva’s study found that after the age of 50, a positive workplace culture? became the most important factor for workers, whilst the availability of part-time work or reduced working hours (47 per cent) and access to flexible working (29 per cent) were also highly valued factors. However, it was found that not all older workers are able to negotiate flexible working arrangements, with only 11 per cent of over-50s having access to these types of support. Commenting on the research, managing director of savings and retirement at Aviva, Lindsey Rix, said: Although it’s hard to predict what the future might bring, having access to health and wellbeing support via the workplace can help minimise the impact health problems have on people’s ability to work.
ABOUT THE EXPERTFred Heritage
Fred Heritage was previously deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London.