This House of Commons Committee report provides an interesting assessment of the current UK labour market, including the impact of AI, automation and an ageing population.
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The deep and rapid changes in the world of work driven by the digital and green transformations as well as population ageing have been associated with greater job instability, with potential costs for companies, workers and society. The unprecedented labour and skill shortages that emerged during the recovery from the COVID-19 pandemic have raised further the importance of developing and retaining talent. In the context of a more age-diverse workforce, addressing this challenge will require better working conditions, greater investments in training and tackling difficulties in reconciling work with health issues and caring responsibilities. This report presents evidence on recent trends in job tenure and employee turnover, how they have changed due to the COVID-19 shock and sheds light on why employees quit their jobs. It identifies key employer and public policies that can support increased employment retention through better job quality, health at the workplace, and training and skills.
The City & Guilds group, based on regional labour market data and a poll of 5,000 working age people, have produced a report to explain the current impact of low investment levels in training and to quantify how many peoples’ contribution is being lost because they cannot access regular skills development.
In this report by Marsh & McLennan, in collaboration with Mercer and Oliver Wyman, it’s highlighted that organisational leaders are advised to position their companies for the future of work by focusing on ways to engage and retain experienced workers.
Hiscox report on how ageism in the workplace has changed and increased. The number of age-related discrimination charges filed with employers and the EEOC by workers aged 65+ doubled from 1990 to 2017. There were 18,376 cases in 2017.
This CIPD report notes that as life expectancies increase, most countries are seeing ageing populations which comes with the challenge of how states and individuals would fund retirement, as this added strain is placed on their tax and welfare systems.
The 2019 Edelman Trust Barometer Special Report: In Brands We Trust?, an eight-country study, shows that the vast majority of consumers across markets, ages, incomes and gender say that brand trust is essential to buying.
In the context of the ageing workforce, this Centre for Ageing Better guide looks at what employers can do to improve the way they recruit, support and retain older workers.
This briefing provides an overview of globalisation, technology and demography and some of the ways in which they affect work and employment in the UK.