Employers fight to halt exodus of over-50s

Employers are pulling out all the stops to prevent an exodus of staff aged over 50 years old.

One in 10 firms have introduced support measures to help this age-group continue in the workplace in the past year, according to a report by insurer Aviva.

It comes as the Chancellor has pleaded with the over-50s who have retired early to return to work – at a time when 8.7m working age people are classed as economically inactive.

Support from employers include offering workers apprenticeships to learn new skills and ‘mid-life MOTs’ that offer workers checks on their health and financial position.

It has also included flexibility such as job-sharing or part-retirement where workers work part-time.

In the Spring Budget, the Government dedicated a £70m pot to supporting over-50s in staying in or returning to work.