Workers aged 60 and above are expected to rise up to 22% by 2050.
Organizations worldwide are being forced to adapt their strategies and policies in response to this transformation.
The Coven reveals most organizations are unprepared to support an aging workforce.
The study surveyed over 1,500 employed Americans aged 18 to 75+ to understand their needs and desires as they age in the workplace. As people live and work longer, the number of older employees has risen dramatically. Nearly half of workers aged 65+ intend to stay employed for 5+ more years.
In the United Kingdom, employment rates for individuals aged 50-70 have shown consistent upward trends, and the pension age is set to increase to 67 by March 2028, according to the Office for National Statistics. This shift is particularly significant as employers will increasingly depend on older workers to maintain productivity and drive growth amid a shrinking pool of younger talent.
However, 95% of employers lack strategies to ensure an age-inclusive culture, though 83% believe their workplace already is. Just 67% of employees agree. The study identified key needs across age groups: a sense of purpose, flexibility, and belonging. Older employees especially seek meaningful work, citing purpose as their top motivator.
The increasing number of older workers and the shrinking pool of younger talent present a significant challenge.
How can you balance the needs of experienced, aging employees with the demands of a physically or mentally taxing work environment, especially when attracting younger workers is difficult?
A practical solution is to build global teams and access global talent. The online space facilitates productive remote and hybrid collaboration, allowing you to connect with top professionals regardless of location.
An Employer of Record (EOR), such as Filta, simplifies this process.
We identify and recruit skilled professionals from countries like the Philippines and Colombia and connect them with your business. You manage the talent, while we handle the administrative aspects of employment—this includes payroll, taxes, benefits, and compliance. We provide the necessary support for your global workforce, enabling you to achieve your business targets more efficiently.
Filta streamlines the process of building a global team. We connect you with top-tier talent, and we manage the complexities of international employment. You gain access to a larger pool of qualified candidates, and you avoid the administrative burdens of international hiring while efficiently achieving your business goals.
Are you interested in learning more about how Filta can help you build a global team and grow your business? Visit our website at www.filtaglobal.com to explore our services.
