The latest annual survey from workingwise.co.uk, the job and community site specifically for older workers, had a focus on the impact of the cost of living crisis as well as ongoing issues relating to everything from flexible working to potential ageism in the recruitment process.

Appetite for learning and career change

One of the standout revelations from the survey is the immense appetite for learning new skills among older workers. A remarkable 88% expressed openness to acquiring new knowledge, showcasing a dynamic and adaptable workforce. Simultaneously, a significant portion of the respondents indicated a willingness to consider a change in career, with 41% of retired workers revealing that they could be enticed back into the workforce under the right conditions.

Age discrimination in recruitment

Despite the eagerness to learn and adapt, older workers face substantial challenges in the recruitment process. A pervasive issue highlighted in the survey is the prevalence of age bias, with almost two-thirds (57%) of job seekers reporting instances of discrimination based on age. The introduction of AI in recruitment processes has added another layer of concern, with 55% believing that it will exacerbate the difficulty of securing a job.

Older workers worried about unemployment

The survey exposes the harsh reality that a third of older workers (31%) are currently grappling with unemployment. Significantly, 34% of job seekers within this demographic spend seven months to over a year searching for a suitable role. These statistics emphasise the urgency of addressing the challenges faced by older workers in their job search.

Retirement and changing priorities

For older workers, achieving a satisfactory work-life balance is paramount, with 36% ranking it as very important. Access to flexible working arrangements emerged as a deal breaker for 28% of respondents, highlighting the evolving expectations of the modern workforce. Additionally, the desire for meaningful work (32%) and having a job with purpose further underscore the changing priorities of older workers.

While a considerable number of middle-aged workers express a desire to retire early (75%), financial constraints hinder 69% from realising this aspiration. Health-related concerns (38%) and caregiving responsibilities (26%) are prevalent reasons for staying in the workforce. Notably, dissatisfaction with their current job is a significant factor for one in four older workers, revealing a disconnect between employers and employees.