Retail turning backs on young workers to favour older generation

by | Nov 13, 2019 | News | 0 comments

retail

41% of retail businesses would recruit an older worker over a younger candidate with exactly the same skills and experience. This is according to new research from corporate healthcare provider, Benenden Health.

In a national survey, more than a third of 1,000 SME business owners said that they would recruit a 55-year-old over a 24-year-old. 41% of business owners in the retail, hospitality and catering sector saying the same.
 
19% of retail, catering and hospitality business owners preferred a 24-year-old with the same CV.
 
One of the issues raised about young employees included lower productivity and higher absence rates. Instead they prefer ‘loyal’ older employees.
 
The study also found that 56% of Generation Z employees felt they have been overlooked for roles.
 
 
The findings have shown a major discrepancy between what employers and employees see as a priority. 45% of businesses have not asked employees to consult on a strong health and wellbeing scheme.
 
Health and wellbeing packages are starting to command increasing importance for employees. 46% of all respondents said a strong health and wellbeing benefit would increase their likelihood to join or stay with a business.
 
Generation Z employees revealed they would be willing to sacrifice a third of their salary to receive a healthcare package.
 
87% of SMEs surveyed reported that they don’t have a healthcare package in place for employees. 42% of those without one claimed they don’t believe it is necessary. 62% said they don’t believe a strong health and wellbeing package is valuable in recruiting and retaining employees.

Retail undervaluing a healthcare package

44% revealed that they have never consulted workers on what they would value in a healthcare package. This is despite employees having different priorities depending on their age.
 
Young workers said they place value on mental health support, counselling sessions and life skill lessons. Older people said regular medical checks and flexible working were top of their list.
 
Helen Smith of Benenden Health, commented: “Our research has highlighted some alarming discrepancies.
 
“The majority of businesses in the retail sector don’t have a healthcare package in place.
 
“This comes despite healthcare being valued by workers. Often more so than other benefits and even salary. This indicates that firms should prioritise a strong health and wellbeing programme to meet needs of a workforce.
 
“Younger people told us that mental health support is of great importance to them. But these priorities change over time.
 
Benenden Health is a not-for-profit society with a UK-wide membership of over 815,000. It was founded in 1905 to bring people together to help pay for medical care when they might need it.
 
Today, it has a mission to support businesses by providing affordable healthcare that helps keep employees healthy and valued and businesses thriving.
 
To download Benenden Health’s guide, go to: https://www.benenden.co.uk/health-through-your-life

more latest news ➡

Burgon & Ball wins four stars at RHS Chelsea Flower Show

BURGON & BALL WINS FOUR STARS AT RHS CHELSEA

Burgon & Ball, creator of beautiful garden tools since 1730, has won four stars from the Royal Horticultural Society for its stand at the RHS Chelsea Flower Show 2024. In its twenty-seventh year at the show, the Sheffield-based company has been honoured for the...

BOT shows catering performing well

Clothing and catering strong in April’s BoT figures

The Garden Centre Association’s (GCA) Barometer of Trade (BoT) for April is out and shows clothing and catering leading the way when compared to the same month last year. There was also a positive, 3.77%, year-to-date variance, but 10 of the 13 categories recorded...

Hozelock auto reel mobile

Hozelock unveils ground-breaking automatic hose system

The demands of modern gardening have evolved as consumers search for more convenient and efficient methods for an array of tasks, from planting and pruning to garden watering. This year, Hozelock has expanded its’ extensive hose storage offering with the launch of...

Squire's achieves peat free milestone

Squire’s achieves peat free milestone

Squire’s Garden Centres has confirmed that it no longer sells any bagged compost containing peat. The UK government proposed to ban the sale of bagged compost containing peat to home gardeners in England by the end of 2024. Although the ban is not yet in force,...

Horticultural manager wanted

Opportunity for horticultural manager

A garden centre in the Ipswich area is looking for a new horticultural manager to run the plant area. The new recruit will lead and develop a small team whilst enjoying the freedom to make decisions. Garden Centre Horticultural Manager £32 – 35,000 + Package &...

Read GCR's latest edition!

Subscribe ToThe Wednesday Word

Subscribe To
The Wednesday Word

 

Get all the latest news, events & more straight to your inbox every Wednesday.

You have Successfully Subscribed!

Pin It on Pinterest

Share This