Mid-life support: Insights for employers
Employers should do more for workers in their 40s and 50s to help them plan for the future, according to a report published today by the Centre for Ageing Better.
The report highlights the importance of providing support to employees in mid-life as a way of helping them stay in work for longer if they want to, plan for what they will need in retirement, and think ahead about their future needs.
Conclusions made in the report include:
- The mid-life MOT should cover psychological and emotional wellbeing as well as health, finances, and career and retirement plans.
- Being supported by employers to plan and prepare can help improve our health and wellbeing, as well as increase our emotional resilience.
- Mid-life support via interventions such as mid-life MOTs is an employee benefit that can contribute to a strong employer brand and the recruitment and retention of employees.
- Mid-life support enables people to work for as long as they want to. In turn, employers can hold on to their skills and experiences, deploy staff effectively and benefit from age-diverse workforces.
- Planning for the transition to retirement can help people avoid leaving work prematurely or experiencing a ‘cliff-edge’ retirement where they stop work abruptly.
Read the report here.