Charities are "woefully under-prepared" for the impact of an ageing workforce, according to research published today by the Chartered Management Institute and the Chartered Institute of Personnel and Development.
The research reveals that only 15 per cent of managers of not-for-profit groups consider their organisations well prepared to cope with an ageing workforce.
Thirty-nine per cent say board-level recognition of ageing workforce issues is non-existent even though 89 per cent see a value in retaining knowledge and experience.
The findings, which are contained in the report Managing an Ageing Workforce, are based on 128 responses from not-for-profit sector leaders to a survey of CMI and CIPD members in April.
The report argues that, despite the impending abolition of the default retirement age and the fact that a third of UK employees will be aged 50 or over by 2020, the sector’s failure to adapt to an ageing workforce is putting their organisations at risk.
Petra Wilton, director of policy and research at the CMI, said: "The age profile of the UK workforce is changing, yet charities are woefully under-prepared for the impact this will have on their organisations.
"This latest research makes it clear that those at senior level in particular are failing to take the issue seriously and that discrimination is still too frequent.
"If action isn’t taken, employees who are in the over-50 age bracket will feel undervalued and will have no incentive to carry on working beyond normal retirement age. The loss of their talents and considerable experience by organisations not prepared to adapt is reckless in the extreme."