Almost 3 in 10 (28%) employees want their employer to introduce flexible working arrangements and part-time roles for people nearing retirement, according to a study by Aegon UK.
The research reveals that flexible work is widely sought by pre-retirees across a range of sectors. Employees working in the following sectors are the most likely to expect their employers to allow them a flexible role:
- healthcare (40%)
- engineering and manufacturing (32%)
- administrative (31%).
The survey of 4,000 employees also asked respondents for their plans for retirement should they not save their target retirement income:
- 61% say they will continue working into retirement
- 36% will remain in their current role
- 9% will become self-employed and start their own business.
Angela Seymour, managing director of workplace pensions at Aegon UK, called on employers to introduce flexible working arrangements for older workers:
“Workers across the UK are waking up to the reality that they will likely have to work well past their planned retirement age to make up for shortfalls in their savings. With so many expecting to work on past traditional retirement age on more flexible contracts, employers will need to move quickly to accommodate this new later-life work culture.
“Creating a flexible and inclusive workplace strategy won’t only benefit those working longer to hit their savings targets but, according to recent research, will also prove good for business, adding £100 billion to UK productivity.”