Ageing population to spark "second industrial revolution"
Britain is entering a "second industrial revolution" of working practices and culture as a result of an ageing population, flexible working organisation Work Wise UK has claimed.
With fertility rates in every European country now falling below population replacement rates, the whole region faces an ageing workforce which will lead to staff and skills shortages, the organisation said.
British businesses will be forced to provide a more appealing work environment to attract staff, which will include smarter working practices such as home working, flexible, remote and mobile working.
Chief executive of Work Wise Phil Flaxton said: "Employers will have to adapt their working practices to fit with their ageing workforce.
"Actually, working nine to five, five days a week, at a central location is a bit of an anachronism. It is only culture which dictates this rigid work structure and is largely unnecessary."
Adopting smarter working practices also has a number of other benefits, the organisation claimed, including reducing the need for travel which could reduce rush-hour congestion and transport-related pollution.