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Tag Archives: Office for National Statistics

Workplace Health And Demographics – Managing The Mix

officeNew times ahead: emerging workforce

During the years after the war, there was an increase in the number of babies born in the UK, hence the term ‘baby boom’. But populations rise and fall, and so do the demographics therein. Due to a fall in the number of births, the age of the country’s people as a whole is set to rise.

This increase in the number of older people brings with it a number of challenges in terms of public spending and already the default retirement age of 65 had been abolished. Those who can afford to can still retire whenever they like, of course, but it is envisaged that in the future people will work for a longer period of their life than they had previously.

And according to an ICM poll that was commissioned a couple of years ago, less than a third of the workforce has made ‘adequate’ provision for retirement, which suggests that the majority of people could be working beyond the age of 65.

Implications for business

The Equality Act of 2010 makes it clear that employees can’t be discriminated against because of the age they happen to be. Which in turn means that organisations will increasingly require to have policies in place to prevent it occurring in the areas of recruitment, pay, training and so on.

From a health perspective, it’s obviously the case that older employees will have different needs and requirements. According to the UK Government’s Health & Safety Executive there are differing patterns of absence between younger and older employees in general – older people having fewer instances of sick leave, but the absences being for a longer period of time.

One important factor for health is that – as we all know – healthy lifestyles mean better health overall in the long run. So encouraging a set of conditions that mean the young workforce of today have healthy habits will have a positive effect on the future of their health.

The holistic approach – managing the age mix

Regardless of what average age the workforce eventually becomes, there is likely to be increasing focus on health and wellbeing – since both of these now look unarguably to have positive effects on productivity.

Continually improving things like job design, mental health promotion, working practices and so on, should mean the health of the workforce will undoubtedly benefit. Group health insurance  is likely to become more often included as part of the employee benefits package, especially as when the population ages more strain is widely predicted to be put on the health service.

Technology in terms of medical procedures, treatments and diagnostics will likely also have an effect on the workforce – and in the last two decades sickness absence has decreased to a remarkable extent. If this trend continues, then the chances are that some of the health issues that can affect older employees will be lessened in effect.

Human longevity is on the increase. And as the island communities of Okinawa in Japan and Ikaria in Greece have shown us, people can live healthy and productive lives to an age that far surpasses even the life expectancy of previous generations.

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About the author: health blogger J. Jones writes on workplace wellbeing for a number of blogs, add her to your circles on Google+.

 

 

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6 Businesses That Thrive In A Recession

gold-digger

Recessions mean everyone suffers? Well, not necessarily true at all and some businesses thrive during a recession and see the opportunities that it throws up really help them flourish. When most others who did well in the good times stall, these are the businesses that people should invest in.

Sin Industries

Where you would have once purchased a new TV, or taken a holiday to the wine region of France, people will scale down their luxuries in a recession. Fortunately for them most sin is cheap and though they may bypass the new electrical goods, it’s a good time to own an off-licence or sell cigarettes; all of which improve in sales during recession. Chocolate also becomes an alternative to a good night out and does well. The only morally dubious industry to suffer is gambling, which relies on extra cash to do well and takes advantage of the happy go lucky feeling of the good times. All that being said, mobile gambling is currently thriving during the recession.

 

The Constants

There are some businesses that just continue as usual and there is no boom or bust cycle. Pharmaceutical companies, grave diggers, waste disposal companies and healthcare companies are all constants that do well either way. People get sick, are taxed and die whether times are good or bad.

Discount Retailers

Those who can sell goods at a lower price will obviously do well when people are watching their pockets. Discount retailers benefit greatly during a recession as they allow people to save, something they may not care for significantly in the good times. People will purchase more expensive items when things are good, but may lower their quality when looking for goods in bad times.

These companies also benefit from economies of scale and so can offer cheap goods at great prices to consumers. Though people don’t shop there as an ideal, they still do so during recessions.

Freelancers and Freelance Service Providers

Instead of bringing someone in during a storm and paying them a full wage, business providers and freelancers are taken on as they cost less. These freelance providers don’t require health insurance, a roof, canteen facilities and all the extras that add up in business and so thrive during bad times.

Property Management

Letting agents and others in the property management game do well in recessions as people find it harder to get mortgages to purchase a house. These businesses do well from the increased rental market and so make plenty during recessions.

Debt Settlement

Anyone involved in the area of money collection does well during the bad times. As businesses close, people lose money and need to employ professional services to get their investment back. This means that they will employ people in this area including debt collection companies, legal representatives and others, who all do well when things are down.

These examples of companies, who do well during the bad times, show that there is opportunity in the bad times as well as the good ones.

Cormac Reynolds writes for http://snap-edition.co.uk/ and has written numerous articles on how businesses can succeed during recessions.

 

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