The Chartered Institute of Payroll Professionals
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• the employment rate of people aged 50 to 64 years has generally been statistically significantly increasing over the long-term. The employment rate increased by 4.0 percentage points in the last 10 years (from 67.3% in 2013) and by 7.3 percentage points over the last 20 years (from 64.0% in 2003) • the employment rate gap between people aged 35 and 49 years and 50 to 64 years, has statistically significantly decreased in the last year, from 15.1 percentage points in 2022 to 14.2 percentage points in 2023. This is due to a decrease in the employment rate of people aged between 35 and 49 years and an increase in the employment rate for those aged 50 to 64 years
• around half of inactive 50 to 64-year-olds left their last job five or more years ago (51.0%) compared with a fifth (19.9%) who have left their jobs within the last two years
• being sick, injured or disabled continues to be the main reason why people aged 50 to 64 years are economically inactive in the labour market, this was the main reason given by 42.3% of older inactive adults
• the state pension age has a statistically significant impact on employment and inactivity rates of older adults. Between ages 65 and 66 the employment rate decreases by almost 10 percentage points and the inactivity rate increased by a similar proportion
• older adults are more likely to be long-term unemployed (12 months plus) compared to those aged 35 to 49, with 37.5% of those aged 50 to 64 being long-term unemployed compared to 21.0% of those aged 35 to 49.
This is an annual release, and the next release will be in September 2024.
Read the full official statistics, here.
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Research: UK records highest sickness absence rates Published: 5 October 2023 Emailed: 11 October 2023
The Chartered Institute for Professional Development (CIPD) and health cash plan provider Simplyhealth have jointly released findings from a survey highlighting a rise in employee absenteeism across the UK workforce.
Some of the key findings are:
• employees were absent for an average of 7.8 days over the past year, a significant increase from the pre- pandemic rate of 5.8 days • stress played a significant role in both short- and long-term absences, with over 76% of respondents reporting stress-related absenteeism in the past year • heavy workloads were identified as the primary cause of stress-related absence (67%), followed by management style (37%). Minor illnesses (94%), musculoskeletal injuries (45%), and mental health issues (39%) were the top reasons for short-term absenteeism • long-term absence was primarily driven by mental health problems (63%), acute medical conditions like stroke or cancer (51%), and musculoskeletal injuries (51%) • covid-19 continued to be a significant cause of short-term absence for 37% of organisations • 69% of organisations offered occupational sick pay leave schemes for all employees, 82% provided an employee assistance program (EAP) and 53% had a stand-alone wellbeing strategy, marking an increase from 50% in the previous year • the public sector reported significantly higher average absence levels (10.6 days per employee) compared to the private sector • smaller organisations with 50 or fewer staff recorded lower sickness absence rates (5.0 days per employee) than larger ones with 5,000 or more employees (13.3 days per employee).
Read the full news story, here.
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cipp.org.uk
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