Businesses must use data to better understand why over 50s are quitting work and what needs to be done to stem the flow. Examining the attrition rate among older workers is the second of three factors firms need to focus on, says the Andy Briggs, chair of the 50Plus Choices Employer Taskforce, a coalition that includes the Confederation of British Industry and the British Chambers of Commerce. First employers should monitor recruitment. With some 30% of the workforce aged over 50 “a lack of recruitment from this pool of experience is a missed opportunity”. And finally they should capture data on what percentage of their workforce is currently enrolled in training, ensuring that over 50s “have the skills to fulfil their role and progress”. Though some firms may not have the resources to do this, larger employers should lead the way, he says.

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