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Why Should Firms And Fund Workers Plan For Careers After 50?

In a bid to fill in the recent labour shortfalls, the UK government is keen to see more over-50s return to the workplace, with Chancellor Jeremy Hunt announcing several initiatives. 

In light of this announcement, Caroline Walker, managing director of Cavendish Employment Law Limited, contributed towards a Financial Times article discussing why firms and fund workers should plan for careers after 50.

Caroline says the ideal scenario for most mature workers would be a work environment that "is stimulating and rewarding, without being too stressful or demanding".

A recent study suggests that those over the age of 50 are 16 times more concerned than younger employees about the flexibility a role offers, rather than money and status.

Caroline added, "This may be because they have family commitments, or they have found the right work/life balance, that they are not prepared to sacrifice for a role”.

"Rather than being seen as a lack of commitment, however, this will more than likely mean they are not burnt out and can be fully focused and driven on the days they are working."

Planning for your career after 50 requires a shift in mindset for the individual too.

Ms Walker says there is a current movement being adopted by key employers in which they showcase their commitment to recruiting over-50s. "In my opinion this is the best approach to showing recruitment agencies and potential employees alike that they would welcome applications from this age group”, she added. 

Read the full article to hear more on the discussion of why firm and fund workers should plan for careers after 50.

If you have been the subject of discrimination, you may be entitled to a high-value claim. For immediate expert advice, get in contact with Cavendish Employment Law Limited today.

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