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Unemployment in the over 50s

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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  1. Unemployment in the over 50s Researching high profile jobs

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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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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