More than three quarters of small and medium-sized enterprises (SMEs) in the UK support the end of the UK's compulsory retirement age, finds research.
According to a study by Orange of more than 2,000 SMEs, some 77 per cent think employees should be judged on merit, not on age.
The compulsory retirement age is due to be abolished today, and the move has won favour with business owners who are keen to lock in key skills and find a way to help essential staff work as long as they want to.
More than half of the companies questioned believe more experienced employees can help younger staff develop in their own roles.
Martin Lyne, SME director at Orange2 says, ' With large sections of the UK economy now built on knowledge rather than manual labour or manufacturing, is one of the most valuable resources many businesses have experience. Understandably, many businesses don 't want to lose their most knowledgeable workers.'
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