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Businesses unprepared for age-diverse workforce

Small medium-sized enterprises are putting their growth at risk by failing to adapt to the changing, age-diverse workforce, according to the latest findings from the CIPD.
Despite nearly nine in ten (86 per cent) SMEs recognising the valuable contribution older workers make to the business, 60 per cent admitted they had never recruited a mature worker.
These results follow the abolishment of the default retirement age in 2011 and yet, employees over the age of 65 represent just 5 per cent the UK’s SME workforce.
The CIPD said smaller companies were not going far enough to ensure they had the same access as larger businesses, to skilled and diverse people of all ages.
The report — Age diversity in SMEs: reaping the benefits — was produced in partnership with the Scottish Centre for Healthy Working Lives, and surveyed 578 senior decision makers in SMEs across the UK.
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