ILM Leadership News - Employers struggling to effectively manage an aging workforce

Research from Group Risk Development (GRiD) shows that 53% of employers have taken no steps to meet the needs of an aging workforce. Only 7% have refocused their health, wellbeing and absence-management procedures to manage those with age-related conditions, and only 2% continue to provide group risk benefits for those aged over 65. As 27% of the workforce now comprises 50- to 64-year-olds, coupled with the removal of the default retirement age, employers have had to consider how best to look after their workforce.

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