Employers reminded of value of older workers on eve of new legislation
The face of the UK’s workforce is set to change “dramatically” from tomorrow (1 October), as employers will no longer be able to use the Default Retirement Age (DRA) to force employees to retire.
This is according to the Financial Skills Partnership, which said the resulting older workforce means employers will have to review their recruitment policies to ensure they continue to stay within the law.
The new legislation coming into force on 1 October marks the completion of the phasing out of the retirement age, which began in April, when employers were no longer able to issue notifications for compulsory retirement using the DRA procedure.
Although the Government cited the healthier and longer lives of workers as the reason for scrapping the DRA, Liz Field, CEO of the Financial Skills Partnership (FSP), believes it will have a significant impact on age diversity in the UK’s workforce, where the focus is often on the younger end of the spectrum.€
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Employers reminded of value of older workers on eve of new legislation
The face of the UK's workforce is set to change "dramatically" from tomorrow (1 October), as employers will no longer be able to use the Default Retirement Age (DRA) to force employees to retire.
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