Unemployment in the over 50s
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Unemployment in the over 50s. Researching high profile jobs. Experience Works Promoting Age Diversity Project Statistics 1 st Case Study 2 nd Case Study 3 rd Case Study Current statistics Conclusion. Unemployment in the over 50s.

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Unemployment in the over 50s

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Unemployment in the over 50s

Unemployment in the over 50s

Researching high profile jobs


Unemployment in the over 50s1

  • Experience Works

  • Promoting Age Diversity

  • Project Statistics

  • 1st Case Study

  • 2nd Case Study

  • 3rd Case Study

  • Current statistics

  • Conclusion

Unemployment in the over 50s


Experience works

  • Experience Works Project co-funded until 2012 by European Social Funds & London Councils.

  • Support mature jobseekers find work, take up training or become self employed.

  • Limited to 96 jobseekers in target boroughs.

Experience Works


Promoting age diversity

  • Phone & Online support for the 50 plus Jobseekers in the UK.

  • 2-year grant by the Trust for London; the largest charitable funder of anti-poverty projects in the Capital.

  • Promote the benefits of Age diversity and the use of older workers in the work place.

Promoting Age Diversity


Project statistics

  • 55% of EWs clients have been in Professional or managerial jobs.

  • 63% have made redundant in the last 5 years.

  • 98% expect less pay than previous jobs.

  • 86% feel that their age is major factor in not getting re-employment.

Project Statistics


1 st case study

  • Mr. M; 50 years old.

  • Made redundant in 2008.

  • Joined the EWs programme in July 2010.

  • Last job was Senior Technical Account Manager on £45k.

  • Have 25 years experience in national & international project Management.

  • On average 20 job applications p/k with £25 – £35k pay.

  • 3 replies in the last 2 months & 2 interviews since made redundant.

  • Currently looking for jobs overseas.

1st Case Study


2 nd case study

  • Mr. D, 53 years old

  • Made redundant in December 2010.

  • Joined EWs January 2011.

  • Last job was Sales Manager/ Engineer on £40k

  • Have 20 experience in overseas account management.

  • On average 30 job applications per week; ranging from field to general sales jobs with £20k – £30k pay.

  • 1 interview in the last 3 months.

  • Currently looking to get an A1 Assessor qualification in Sales & Marketing.

2nd Case Study


3 rd case study

  • Mr. R; 54 years old.

  • Made redundant January 2009.

  • Joined EWs programme September 2010.

  • Last job was Data Communication Analyst on £50k.

  • On average 15 job applications per week with £30k - £35K pay.

  • 2 interviews in the last 6 months.

  • Currently on Job Seekers Allowance.

3rd Case Study


Current statistics

Redundancy;

  • In 2010, 26.53% of the UK’s redundancies have been aged over 50.

  • The highest point in the last 10 years.

  • Redundancy rate in the public sector is much higher than the national average, with 57% in London Borough councils being over 50.

Current Statistics


Current statistics1

Reemployment;

  • In 2010, 16.59% of over 50s found reemployment.

  • Up 0.21% from the previous year.

  • Down 5.67% from its highest point in the last 10 years.

  • Pay; 50-59 year olds earn on average less than £28,356 per year; compared to 30-39 and 40-49 year olds on £29,004 and £30,443 respectively.

Current Statistics


Conclusion

  • In 2010, 25.85% of the UK’s workforce was made up of over 50s; the highest in the last 10 years.

  • Contrary to the significant increase in jobs vacancies between 2009-2010, 3.75%, reemployment for the over 50s is down by 5.67%.

  • The number of age discrimination cases brought to tribunal has risen by a third in the past year.

  • Good News;After 1 October 2011, employers will no longer be able to use the default retirement age (DRA) to compulsorily retire employees.

Conclusion


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