*New research shows retired people are inverting the work-life balance concept*
*Working offers Over 65s structure, social life and sense of contribution in retirement*
- 79 per cent of Over 65s work in retirement because they want to, not because they need to
- 77 per cent of Over 65s who currently work state they will continue to do so later in life
Research released today by Hanover Housing Association exposes a new attitude towards work-life balance among the UK’s retired population. Whilst the pre-retirement population often yearns for free time to inject some balance into their work life, retired people are seeking employment to give their lives’ balance.
Retirement often brings an abundance of free time to many Over 65s. Work offers structure and social interaction to their lives. Older people can use their well-honed skills and can benefit from both the mental and physical stimulation employment offers.
Nearly four out of five Over 65s work during their retirement because they want to, not because they have to for financial reasons. Of the Over 65s who currently work, more than three quarters believe they will continue to do so later in life.
Michele Hollywood, Communications Director of Hanover Housing Association said, “Many people over 65 remain very capable workers. They are a skilled and experienced human resource that offer a great deal to employers.”
Hanover’s Regard for New Work-Life Demands
Hanover Housing Association takes an active role in responding to the work-life needs of its employees.
Ms. Hollywood continued, “Estate managers can work past retirement age on an annual contract basis at Hanover. We have also trained many of our estate managers over the past few years to become IT literate. This improves their career prospects and adds to their social lives as more people across the age spectrum use the Internet to communicate with friends.”
Hanover Housing Association also adopts a flexible policy when it comes to staff that are carers or are heavily involved in enabling their parents to lead an independent life.
Ms. Hollywood said, ”Today, many workers are in a dual caring role – they care for both their children and their parents. Hanover’s workforce has a high number of middle-aged women who are likely to face such issues. With this in mind Hanover has offered its office employees a greater degree of flexibility in core work hours. Staff can work their hours between 8am and 6pm, starting earlier or later as appropriate. This allows them to take care of family matters, such as taking a parent to a doctors' appointment.”
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Notes to Editors:
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About the survey:
Hanover Housing Association commissioned the 'Homes through the Ages' survey. The survey was conducted by BMRB's ACCESS division which questioned 2,268 working and retired adults, aged 45 plus, to help understand people's attitude's to home and finance as they get older.
About Hanover Housing Association:
Founded in 1963, Hanover is a not-for-profit organisation and was the first housing association to build, manage and maintain sheltered housing for older people on a national basis.
Hanover offers flexible and imaginative solutions to the changing needs of older people for housing and support.
Hanover Housing Association manages over 10,500 rented properties owned by the Group on over 370 estates throughout England. It also manages more than 500 homes on behalf of other organisations including almshouses and charitable trusts.
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