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Research conducted by Ruthbusters, found that 34 per cent of senior managers and executives said: “there is no training programme for senior executives here.”
There was also a feeling that as you age, less attention is focused on you with 41 per cent saying “the older you are, the less my organisation wants to spend on me.” As well as 40 per cent saying “once you have been there a few years the will to train you stops.”
These feelings are felt the most in the IT and telecoms, and the banking and finance sectors. With both 46 per cent of IT and telecoms and banking and finance senior executives saying that once you have been in the company for a few years the training stops. As well as 50 per cent of IT and telecoms saying the older you get, the less their company will spend on them. With 47 per cent of banking and finance saying the same.
The research highlights the need for organisations to rethink their training and development programmes. With an ageing population, older workers are staying in work longer, therefore, to create an inclusive environment, it is increasingly important for organisations to offer all employees the same access to learning and development opportunities.
Read our case study, which saw our Member introduce ageing programmes and innovations in flexible working, in order to create an inclusive atmosphere and attract and retain the best people.