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Contrary to public and employer perception, older workers pay is not higher on average than that of their younger counterparts. The average gross hourly wage for those between 50 and state pension age (SPA) is £10.30 (£11.70 for men and £8.74 for women). This compares with an average gross hourly wage for 25-49 year olds of £10.75 (£12.19 for men and £9.24 for women). When it comes to time spent with their current employers those aged 50-SPA average 13 years versus 7.2 years for those aged 25-49 and just 1.7 years for those aged 16-24. This is extremely significant because it blows away the justification some employers are seeking to have built into the forthcoming age legislation for discriminating against recruiting older workers i.e. on the basis that they will get a better payback period from taking on and training younger employees. The evidence is quite the contrary. These are just two invaluable pieces of ‘myth-busting’ information contained in the latest ‘Older Workers : Statistical Information Booklet – Spring 2003’ published by the DWP. |
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Archive News
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Feb 2010 Newsletter
04-February-2010 -
How HR professionals and recruitment consultants can get the best from each other
19-November-2009 -
Older candidates do they have higher standards... or just different expectations?
19-November-2009 -
Flexible Working - how flexible should you be?
19-November-2009 -
Your guide to the latest Employment Law legislation
20-October-2009