Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

Whether it’s through a sheer surge in entrepreneurial spirit or a need to provide income for longer, people are entering the workplace earlier and leaving it later. Young people want to plunge into the world of work sooner, whilst the retirement age gets pushed back further and further.

Studies by the Office of National Statistics show that the number of people age 70+ still working has more than doubled in a decade. It also revealed that in the UK, there are now more than 53,000 people aged 80+ still working, with 25% of those still working full time hours.

This broadening of professional generations means the age span of the modern workforce is expanding. As a result, most teams are now made up of staff from various different decades and therefore various different outlooks, abilities and approaches to work.

Anne Willmot, who is the Age Campaign Director at Business in the Community explains that “employers can now have up to five generations working together in the same workplace.” That’s a broad spectrum of experience, expectation, and needs.

Multigenerational management

Going forward into 2020 and beyond, these two words should be your mantra when it comes to business ownership and workforce management. It means adapting your approach and your processes in order to include and support all age groups, equally.

Want our advice?

• Get more granular with your management process – a blanket approach isn’t going to work with such a varied and diverse span of generations.
• Provide regular training opportunities, so that staff who do want to get involved in things outside of their comfort zone are supported in their efforts to do so.
• Consider implementing a mentor system where members of staff from different generations can mutually support each other. This will help bridge gaps, encourage communication and also ensure the equal spread of knowledge and experience throughout the workforce.

Are you a business owner with an age diverse workforce? We’d love to hear your tricks of the trade so leave them in the comments below or come and join us over on Twitter or Facebook.

About The Author

Stephanie Whalley

Serial snacker, compulsive cocktail sipper and full time wordsmith with a penchant for alliteration, all things marketing and pineapple on pizza.

More posts by this author
guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More

Succession Planning for Business Owners: What Comes Next?

When you own a business, it’s extremely normal to feel like you’re surviving one day to the next – ‘winging it’, as…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.