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Anything that keeps the ageing workforce issue on the agenda and in the spotlight gets the thumbs up from Sageco. However, the Jury’s still out on the new mature worker bonus incentive package announced this week.

In response to the Final Report of the Advisory Panel on the Economic Potential of Senior Australians (also entitled ‘Turning Grey into Gold’), the Government has pledged $10M over 4 years for new ‘Jobs Bonuses’ to help tackle age discrimination and encourage 10,000 businesses to employ 50+ workers. In return, the business will receive a $1000 bonus if the employees stays on board for a minimum of 3 months.

Which all sounds well and good. In principle. We are keen to read the fine print which will reveal how employers will find out about (and access) funding,  how much paperwork (and time) will be involved, and the criteria for eligibility (any mature worker 50+ or restricted to long term unemployed?)

As Sageco we would not seek financial incentive to hire mature workers. It simply makes good business sense. Why wouldn’t we want experienced, knowledgeable, sometimes quirky people over 50 joining our team and adding to our deep smarts?

So on the topic of hiring mature workers, here are Sageco’s 5 top tips for making sure you can not only find the goodies but also keep them on board:

1. Look in the right places. There are a wealth of fabulous candidates sitting on the databases of some of the niche job boards such as Adage and on the books of boutique recruitment firms like 2discover and 360hr. Mature workers are fed up of being overlooked and ignored by the ‘big guys’ so gravitate towards more mature age friendly employment providers.

2.Review your employer brand. When you take a look at your own careers page on your website, what do you see? Fresh faced young Grads smiling back at you? Or a page that represents a diverse workforce and therefore will also attract a diverse set of applicants? How is the language sitting? Age neutral? Steering clear of ‘fast paced’ and ‘dynamic’ that covertly indicates ‘youth’?

3. Assess your hiring process. Two candidates are on the short list, both with the skills and qualifications you are seeking. Candidate A is 27 and Candidate B is 57. “A” has been with their current employer for 18 months and is seeking a change. They are abreast of current interview techniques and psychometric testing. “B” has recently left their company after 26 years. They haven’t been for an interview in all that time and have never experienced modern testing methods. Who is set up to win? Think about levelling the playing field and adapting your processes accordingly to give everyone a fair shot at the goal.

4. Be flexible. Our research shows that over 2/3 of mature workers would continue working longer, if they could work differently. Funnily enough, ‘differently’ means different things to different people! So have the conversation. Find out what flexibility means to your new hire. It could mean full time hours over a 4 day week or later start/finishing times. Flexibility is a no-brainer. It engages, retains and enhances productivity.

5. Prepare for the future. We love this quote “Plan for the future, because that’s where you are going to spend the rest of your life”. Wise words from Mark Twain. So, it goes without saying that if you support your mature employees to think about, plan, prepare and take action regarding their ‘late career’ and future retirement, then they will give you their loyalty and commitment. And you will benefit from them being ‘fit for work’ health-wise and taking ownership of their work and life decisions.

The full paper detailing the Government response to the EPSA report can be found here

We would love to hear your thoughts…