Demographic trends in UK clearly indicate there is an issue of ageing workforce increase which brings both benefits and challenges mainly in small medium size businesses (CIPD, 2014).

Demographic trends in UK clearly indicate there is an issue of ageing workforce increase which brings both benefits and challenges mainly in small medium size businesses (CIPD, 2014).

Demographic trends in UK clearly indicate there is an issue of ageing workforce increase which brings both benefits and challenges mainly in small medium size businesses (CIPD, 2014). Statistics featured in the literature by Feyrer (2009) indicate that the UKs population that is above 65 years will increase by 12 percent between 2015 and 2020. It also shows that the population above 85 years will increase by 18 percent with centenarians umbers increasing by 40 percent. In a country where the general population is projected to increase by 3 percent, the ageing population continues to pose serious impacts on the labour structure of small businesses.

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Background of the Study
According to Dhanjal and Schirle (2014), the UK experienced an increase in birth rates after the World War II. The increased birth rates caused substantial increase in the size of the countrys workforce in the years after the war. Decades later, the workforce has aged, posing challenges to the federal government, the local state and small businesses. In most sections of the UKs economy, it is hard to predict the return value of investments made to projects relating to senior citizens, especially on an institution basis. In this paper, the value of an old worker to a business is explained to provide an understanding of the implications when they retire.

Rationale of the study
The UKs population increase after World War II is responsible for the sprouting of multiple small businesses in town and the countryside. To date, these businesses are run by the workforce that was present during establishment. However, age is catching up with them and they are impacting the businesses in a variety of ways, some negative, others positive. Again, the retirement of the senior citizens leaves a gap that most small businesses find hard to fill. Business planning depends on the proper allocation of resources. But to plan for the resources, the business requires to establish their nature and the period for which they will be beneficial to it. This study will bring to light the nature of an ageing workforce and establish how it impacts small businesses in UK (Dhanjal and Schirle 2014).

Aims of the study

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