"Older workers, likely on higher salaries than their Gen Z colleagues, have borne the brunt of businesses reassessing their hiring strategies, according to Kevin Fitzgerald, UK managing director at jobs platform Employment Hero."
"Alex Hall-Chen of the Institute of Directors pointed to the Employment Rights Act, the rise in employer NICs and successive increases to the minimum wage as a triple blow that has dampened employer appetite for risk."
"The scrapping of the cap on payouts for successful unfair dismissal claims is widely expected to prove costlier in cases involving over-50s, who tend to command higher salaries."
The number of jobseekers aged 50 and above in Britain has risen by 22% since 2023, with nearly a million unable to find work. The Employment Rights Act and increased employer National Insurance contributions are blamed for firms being cautious in hiring older, more expensive workers. Industry leaders note that older workers are disproportionately affected by changes in employment law, particularly regarding unfair dismissal claims and the right to request flexible working arrangements, which complicates their job prospects.
Read at Business Matters
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