Work for tomorrow: Identifying innovations to respond to an ageing workforce
As life expectancy increases, we are not only going to see longer but also changing working lives.
Across the world, older workers make up a growing proportion of the workforce – in the UK alone, the share of the workforce aged 50 and over rose from 26% in 2004 to 32% in 2018 and is projected to be 37% by 2040. This trend is mirrored all across the G20.
And this is going to fundamentally affect not only older workers themselves, but the way in which we plan the future of work for young and old alike.
Harnessing the potential of workers, regardless of age, will be crucial in the post-pandemic recovery and could deliver a significant longevity dividend to economies across the world.
But too often, barriers like poor health, caring responsibilities or ageism in the workplace shut older workers out of the job market.
With an ageing workforce, we need to fundamentally rethink the way we work, learn and live. We cannot afford to leave anyone behind.
As such, we have launched an international programme of work, supported by IRC4HR, to identify the challenges and innovations to respond to an ageing workforce through a global innovations competition across four key areas:
- Promoting health
- Creating opportunities
- Ensuring diversity
- Offering flexibility
Over the coming year, we will be talking to policymakers, employers and HR experts across the world about the need to adapt the workplace to an ageing workforce, before launching our international innovations competition in early 2021.
Webinar: The new long life – A framework for flourishing in a changing world
Date: Thursday 20 August 2020
Time: 3.00pm – 5.00pm BST (10.00am – 12.00pm EDT)
Longer life spans, AI and robotics will fundamentally reshape the way we work and live in the future.
Join us for our upcoming webinar to hear from Prof Andrew Scott how COVID-19 has accelerated these trends around technology and an ageing society, and what some of the main challenges and opportunities will be for an ageing workforce.
Alongside the webinar, we will be launching a new international programme of work in collaboration with IRC4HR, to support these changing working lives and identify solutions to the challenges faced by older workers.
- Prof Andrew Scott, London Business School
- Caroline Waters OBE, Equality and Human Rights Commission
- Jodi Starkman, IRC4HR
- Stefan Stern, Journalist
- George MacGinnis, UK Research and Innovation
Responding to an ageing workforce key in post-pandemic recovery
Across the world, older workers make up a growing proportion of the workforce – according to research by the International Longevity Centre UK (ILC), in the UK alone, the share of the workforce aged 50 and over rose from 26% in 2004 to 32% in 2018 and is projected to rise to 37% by 2040. This trend is mirrored all across the G20.
The new long life
Blog by Prof Andrew Scott, London Business School
Demographers have long warned that the world is going through a transition towards an ageing society. Declines in the birth rate, more people living into old age combined with increases in lifespan mean that for the first time ever there are now more people globally aged over 65 than under 5. That longer future requires rethinking how we structure the life course and behaving differently around education, health, work, careers, relationships and community…
Can you help?
We want to hear from you if you:
- Want to share key challenges you have identified that face an ageing workforce
- Would like to write a blog or do a video on one of these issues
- Have a bright idea or existing product/ service that addresses one or more of the challenges associated with an ageing workforce
If you want to get involved in our programme, please email: LilyParsey@ilcuk.org.uk.