Tag Archives: Encore.org

The Social Value of Older Workers

In the seemingly never-ending conversation about the “future of work,” older workers figure prominently. There is growing recognition that enabling older workers to remain economically productive is good for their well-being, good for their employers and good for the economy. But I would like to highlight another benefit older workers can bring to the table: their potential to help solve social problems.

First, a brief detour to the well-known numbers:  older workers are a large, and rapidly growing, segment of the workforce across the world. In the United States, the Bureau of Labor Statistics projects that 25% of the country’s labour force in 2024 will be 55 or older; that’s up from 22% in 2014 and just 12% in 1994. In the U.K., the number of those aged over 70 who are in full- or part-time employment has been steadily rising year on year for the past decade, reaching a peak of 497,946 in the first quarter of this year – an increase of 135% since 2009.

Not everyone agrees that this surge in the number of working “perennials”  – as this cohort has sometimes been called — is necessarily to be welcomed. A recent RSA report examining the impact of the technological age on older workers in the UK, for example, outlined four different scenarios, not all of which were positive.

But contrary to the traditional view of older workers as an unmitigated drain on resources, there is growing appreciation of what they might bring to the table.

Read the rest of this post over on the Oxford Institute of Population Ageing blog

Image: Office Business Colleagues Meeting via Pixabay

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How to Live Forever: Book Review

inter-generational learning

inter-generational learningAt first blush, I didn’t think a book entitled  How to Live Forever was for me.  I was expecting a hard sell on a new killer vitamin that would add years to my life…gene therapy that could prevent chronic disease…botox for the brain. That sort of thing.

As with many books, however, the book’s main message is revealed in its sub-title: “The enduring power of connecting the generations.” The author, Marc Freedman, CEO of Encore.org, wants us to understand that we live in an age-segregated society, one where housing, labour markets, education and pensions policy combine to separate the old from the young. This “age apartheid” is not only out of step with current demographic trends, he argues, but down-right counter-productive:  It impedes the happiness of individuals, who benefit enormously from these cross-generational relationships, and it limits progress on a host of social ills.

Read the rest of this post over on the Oxford Institute of Population Ageing blog

Image: Art and Feminism NYC Generations via Wikimedia Commons

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Tips for Adulthood: Five Highlights from The Longevity Forum

new old age

new old ageOn occasional Wednesdays, I offer tips for adulthood.

It’s been a long time since I attended a conference where I found myself looking forward to every single panel. But that was precisely the feeling I had this past Monday, when I attended the launch of The Longevity Forum, the latest organisation to emerge on the UK’s burgeoning ageing scene.

The Longevity Forum takes a two-pronged approach to the demographic realities of a globally ageing population. It is, on the one hand, interested in the potential for current scientific research to extend the lifespan. But it is also focused on the social and behavioural changes needed to adapt to this age of longevity.

The inaugural event to launch the Forum was invitation-only, so this blog shares five interesting ideas I took away:

Read the rest of this post over on the Oxford Institute of Population Ageing blog

Image: Smart Phone Face Man Old Baby via Pixabay

21st Century Skills For Older Workers

Older Worker

Older WorkerIn an era where people in the West are living longer and healthier lives, older workers  not only can – but often choose – to remain in the workforce longer or return to work post-retirement.

The numbers speak for themselves. In the UK, over 50s now make up nearly one third (31%) of the entire workforce, up from around one in five (21%) in the early 1990s. In the US, two age groups – 65 to 74 years old and 75 and older – are projected to have faster annual rates of labor force growth than that of any others.

A consensus is emerging that if we are to benefit from the value that older workers can bring to the workforce, businesses will need to adjust their hiring practices and rethink their commitment to things like flexible hours and re-training programmes.  So too will our concept of education need to evolve, to place even greater emphasis on life-long learning and multi-generational classrooms.

But to do this, we we will also need to rethink the sorts of skills these workers need if they are to remain “fit for purpose” in this changing workforce..and how to obtain them.

Read the rest of this post over at the Oxford Institute of Population Ageing blog

Image: Man sitting on chair beside table by Bruce Mars via Pexels