DWP encourages ‘midlife MOTs’ for employees over 50

Tech company Multiverse found that around 5.3 million workers over 50 are considering early retirement owing to perceived skill gaps.  So, the government is encouraging employers, particularly small and medium-sized businesses, to offer midlife MOTs to retain and support employees aged 50 and above. The idea involves individuals reflecting on their wealth, well-being and careers, with a view to keeping older workers in the workforce.  Work and Pensions Minister Jo Churchill said: ‘The retirement age is currently 68, so a person at 50 will potentially have 18 years more years– nearly 40% of their working life’.

Source: Minister encourages employers to offer ‘midlife MOTs’ to retain older talent, personneltoday.com, 11th December 2023.