Research reveals that older workers are not receiving adequate training and development, as employers overlook the experience gained by the over-60s, freshbusinessthinking.com reports.
A survey of 500 British CEOs by Skillsoft found that an incredible 92 per cent admit to not extending training to the older proportion of their workforce. This is despite the fact that more people are choosing to work beyond retirement age.
What's more, many of this 'neglected generation of workers' possess a wealth of untapped knowledge and experience that could help a business expand. Investing in this demographic and taking advantage of its expertise could help firms in navigating through uncertainty.
Skillsoft general manager, Kevin Young, asserted that businesses could potentially damage their future development by failing to provide training for this experienced group. As such, he believes that businesses need to rethink their training strategy to prevent the emergence of a wide skills gap.
"With nearly 85 per cent of British bosses not considering training the over 60s as a priority, the problem appears more deep rooted than just a short-term cost-cutting exercise," Mr Young told hrmagazine.com.
"Changes to the retirement age and uncertainty over pensions means that many over 60s want to work longer and remain an integral part of a company for years to come."