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A new report has shown that the reason for so many people in their 50s retiring recently was due to declining job satisfaction in the lead-up to the pandemic.

The Phoenix Group research found that 34% of workers in their 50s said that their job was unfulfilling and another 59% said they feel older workers are being left behind by employers.

Commenting on the findings, Phoenix Group’s Catherine Foot, Director of Phoenix Insights, said, “Huge numbers of people in their 50s dropped out of work during and immediately after the coronavirus pandemic and our research suggests job dissatisfaction played a big part in this.

“While some over-50s have returned to work over the last year, the pace of return has been slow with many remaining dissatisfied or facing barriers and insufficient support to re-enter the workforce.”

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Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

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Catherine added, “Good quality, satisfying jobs matter to people of all ages. For those over 50, we know that it’s particularly important that jobs provide flexibility, support for people with caring responsibilities and health conditions, and opportunities to develop skills.

“We also know from our research how crucial it is that businesses tackle what can be quite subtle but deeply ingrained ageism in their recruitment process.

“Ensuring people remain in good work later in life can be hugely beneficial for an individual’s finances and wellbeing, and with labour shortages still a major issue in our economy, it is also a key element to boosting the UK’s post-pandemic productivity and economic growth for the years ahead.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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