Island Life Magazine Ltd February/March 2011 | Page 60

Island Life - February/March 2011 How will new Goverment affect Island's over-65s? Many Island workers are expected to companies who welcome the proposed a mix of ages working together, to be given the opportunity to continue change. provide the best in new ideas and their employment beyond their 65th B&Q, whose large store in Newport is experience. With a total workforce of birthday following the Government’s among 330 spread across Britain and over 30,000, more than a quarter of its recent announcement to phase out the Ireland, scrapped its own retirement workforce is over the age of 50 with a so-called default retirement age. age in the mid-1990s, and some Island similar percentage under the age of 25. Because more people are living workers have already benefitted from B&Q decided to test the true value longer, Ministers have decided that B&Q’s stance. But no one here has of an older workforce back in the from October employers will no longer yet surpassed the company’s oldest late 1980s when it staffed a store in be able to make staff retire at 65 colleague, Syd Prior, who is 96 and Macclesfield with employees entirely regardless of their circumstances. works at B&Q’s store in New Malden. over the age of 50 and the results were He has just celebrated two decades compelling. Productivity increased default retirement age (DRA) has been working for the retailer. Meanwhile and absenteeism fell. Since then, the outlined in a consultation document. B&Q’s eldest retailing apprentice, company has promoted the value Although the Government maintain Terry Robinson from Oxford has just to businesses of integrating older employees will still be able to operate a graduated at the age of 72 some colleagues into the workforce. compulsory retirement age if they can 57 years after completing his first ‘objectively justify it’, B&Q, the UK’s apprenticeship in carpentry. The proposal to phase out the largest home improvement and garden B&Q say they believe its customers, centre retailer, is among many leading colleagues and business benefit from 60 Now it is anticipated that for exactly the same reasons that B&Q state, other Island companies and businesses will follow suit, and allow their staff to Visit our new website - www.visitislandlife.com