Tag Archives: part-time work

Older workers don’t want to retire

relaxed manthey want to work part-time.

Half of workers approaching retirement intend to carry on working into their mid-sixties according to the government’s  older workers’ champion Ros  Altmann (didn’t know we had one but could she have had a more appropriate surname?)

Almost all the over-50s who planned to keep on working wanted to ease themselves into part-time jobs rather than suddenly stop working altogether,

Ms Altmann said employers’ attitudes “would have to change, with training for older workers imperative so that they could keep up with technological and other workplace changes”

Most of those approaching retirement didn’t realise that they wouldn’t have to pay National Insurance contributions if they carried on working after pension age.

People are being more flexible about when they retire – or can afford to retire – and later-life working is becoming more important.

Originally the Old Age Pension was paid at age 70 when it was introduced in 1908. Pensionable age dropped to 65 in 1925 and it wasn’t until 1940 that a woman could get her pension when she reached 60. Now pension age is creeping up again and people will collect their pensions at 66 until 2020 when the age threshold rises to 67.

Although the default retirement age no longer exists many workers feel that they were expected to go at 65. Many over-50s feel less well thought of than younger workers and 15% had experienced age-related discrimination in the workplace.

In Germany some companies have gone to great lengths to accommodate the needs of older workers e.g. at BMW

 

 

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When did you last ask for a pay rise?

shaking_figure_for_money_anim_500_wht_12913It appears that 50% of UK workers have never asked for a pay rise.

54% of working adults feel that they are not paid enough and half of these know other companies in their industry pay  more – but that doesn’t mean they will necessarily be asking for a pay rise.

It seems that we Brits are uncomfortable talking about money. Some people they don’t ask because they don’t want to appear ungrateful and others say they don’t want to spoil the relationship they have with their boss.

About 1 in 5 say they would be worried about losing their job if they asked for more and another 1 in 5 said they were too nervous to ask.

Even though 1 in 3 knew their colleagues were paid more for doing the same job only 1 in 3 of this group felt confident enough to ask for more money.

The data comes from a survey by Slater & Gordon, an employment law company, which asked 2,000 working Brits about how fairly they thought their employers treated them.

Not very fairly overall it would seem!

The newly appointed  “wellbeing Czar“, Lord O’Donnell, said that saying “thank you” and giving staff more autonomy could make them happier than giving them a pay rise.

Which is probably true but it doesn’t pay the rent for employees who have suffered from static pay since the start of the recession in 2008.

And it’s not only employees in the UK. One in six Germans is at risk of poverty because they earn so little. And this in the powerhouse of the EU. Although unemployment is among the lowest in the EU the economy is run by part-time workers in “Mini jobs” created by the previous chancellor.

About 13 million Germans earn less than €12,000, 60% of the national average. The chairman of Germany’s Welfare Equality Association blames the “Americanisation” of jobs i.e. low-paid and often temporary.

In the UK the voluntary “living wage” has just been increased to £7.85 an hour (£9.15 in London). This is the amount considered necessary to meet basic living costs and is supported by about 1,000 employers.

Even so about a quarter of the working population still earn less than the living wage and organisations like the IoD and the FSB aren’t particularly positive about the idea of helping people earn a decent income.

NB The current statutory minimum wage is £6.50 an hour for adults.

 

The impossible dream – Retirement

relaxing_cash_1600_wht_7397One in five working people believe they will never be able to afford to retire.

And four out of ten of those who believe they will retire from full-time work believe they will have to work part-time.

These figures come from a poll from the Association of  British Insurers which asked a representative sample of over 2,500 questions about work and welfare.

As there is no longer a statutory retirement age you can theoretically work until you drop.

As the UK has the lowest pension in the EU, half of that in the  Netherlands which is the second worst, and with interest rates on savings being held low, it’s no wonder people of pension age find it hard to make ends meet.