an older workforce - the opportunities and challenges for
employers
details
Blake Lapthorn and Bluefin, an award-winning employee
benefits consultancy, held a seminar at Blake Lapthorn's
Chandler's Ford office on Tuesday 27 September on the opportunities
and challenges employers need to consider arising from the
abolition of the default retirement age. To view the slides,
please see below.
The abolition of the default retirement age has been a hot topic
for some time now. The preceding Labour government introduced
regulations to allow employees the right to request to work beyond
65.
While bureaucratic in places this still allowed employers to
exercise control over their workforce - to be blunt, employers
retained the ability to remove employees once they reached 65 if it
suited their purposes.
Following abolition of the default retirement age, employers
will face new challenges through employing older workers. This
seminar looked at the following challenges.
what does this mean from an employment perspective?
Employees will continue to work for as long as they wish to. In
some cases, this may be longer than an employer feels appropriate,
perhaps because they would like staff turnover in particular roles
or because they feel that a worker is slowing down or becoming less
able to do their job.
what about continued employee benefits?
An employer may find it more difficult or expensive to offer
employees of 65 or above certain benefits, such as health care or
life insurance. To what extent will age discrimination law require
you to provide pension and other benefits beyond age 65?
what about flexible retirement?
The traditional notion of an employee working until 65 and then
retiring on a full pension has been turned on its head. The
inadequacy of retirement income for many will mean more employees
need to work and save for longer. With this will come pressure for
flexible retirement – for example, where pension benefits come into
payment in phases.
cost
Free
contact
For further information please contact Sarah Strathdee
on 023 8085 7061 or sarah.strathdee@bllaw.co.uk.
