Archive for category Media

WOW! Why Older Women matter

Sageco was particularly chuffed to work with Diversity Council Australia on their recent research report – Why Older Women matter – launched last Thursday in Melbourne.

What we particularly love about this report is that it is a framework for action. As Kate McCormack, Mercy Health’s Executive Director of People, Learning  and Culture said on the panel,

“This is a blueprint for your organisation. The hard work is done.”

The research generated a framework for action to assist organisations to attract, engage and retain older female workers, as well as to structure effective transitions into retirement.

The seven key enablers are:

  1. Source talent: tap into older femal talent
  2. Career and capabilities: Leverage older women’s ambition
  3. Cultivate culture: value older female workers
  4. Get flexible: Focus on flexibility for older female workers
  5. Invest in health and wellbeing: Work with older women’s wellbeing
  6. Focus on finances: Support older women’s financial independence
  7. Tailor transitions: Enable creative futures for older female workers

You can read an executive summary of the report or if you’re a DCA member, you can download a copy. We will unpack some of these enablers in future blogs.

This report is a call to action, and if you’d like some assistance for the next steps, then you should consider the Corporate Champion’s program. Sageco is a provider of the Corporate Champions program for organisations with 200+ employees. The Federal Government will fund $20 000 over 18 months for the following activities:

1. Workforce age audit/assessment
2. Development of an age management plan
3. Showcase solutions in a priority area of ‘The Experience+ Charter’
4. Develop a case study and measure outcomes

 Contact Sageco for an application form.

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Become a Corporate Champion with Sageco with funding from DEEWR

Minister for Employment Participation

Kate Ellis, Minister for Employment Participation

Sageco is thrilled to announce that we have been successful as a provider for the expansion of the Corporate Champions program for 2013 – 2016. As a Corporate Champions provider, we will be assisting employers (with 200+ employees) to recruit and retain mature age workers.

“The objective of the program is to build workplaces that value the experience of older Australians and increase the recruitment of mature age job seekers. This is to be achieved through the provision of advice and support to help individual employers realise the value of a diverse, flexible and loyal workforce.” DEEWR

With Sageco’s track record in ageing workforce planning and implementation, we encourage all employers to take this opportunity to become a Corporate Champion. Our impact data collated over five years shows that even small interventions can make a profound difference to your organisation.

As the Hon Kate Ellis MP, Minister for Employment Participation said in Hobart last Friday:

“There are many benefits for employers that join the Corporate Champions program. Corporate Champions are eligible to receive a program of tailored assistance from an industry expert, valued up to $10,000 (for SMEs, $20 000 for larger organisations). You get a professional assessment of your organisation’s workforce demographics and recruitment and retention practices and help to develop an action plan to improve in any areas you identify as a priority.”

This is something that Sageco has been passionately committed to for the last nine years. It is our hope that many more Australian employers will become Corporate Champions and use the associated start-up funding to implement programs that create a positive and productive future for their mature workers. The Sageco program will also include a consultation with mature age specialists Adage on recruitment.

We look forward to delivering a tailored, leading edge service to Corporate Champions who will rise to the challenge.

Employers are encouraged to register their interest in the Corporate Champions program. We’d love to discuss this exciting opportunity with you further.

More resources

Investing in Experience Employment Charter – this could be you!

Experience+ Corporate Champions resource page

Starting Point – use this inventory to get you started with Sageco

 

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Top tips for retaining older workers

A great article in the Australian Financial Review Work Space section yesterday that we wanted to bring to your attention.

Read on for these five top tips:

  • Don’t assume retirement
  • Encourage honest conversations
  • Provide flexibility
  • Use workers’ experience and be pro-active about knowledge transfer
  • Provide tailored benefits eg health insurance, financial planning

Are you on LinkedIn? Why not LinkIn to Sageco’s Wisdom Circle .

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The twilighters emerge….

Twilighters, people aged 63 and above, have emerged as the fastest growing workforce segment group according to the May 2012 MyCareer Employment Forecast.

I’m not sure I would ever want to be called a ‘twilighter’ – but we’ll gladly add it to our wonderful list of euphemisms for ‘mature age workers’. What’s interesting about this report is the changing face of the workforce. The number of working people aged 63 and over has doubled in the last 15 years. It would seem that ‘twilighters’ aren’t simply a group of people ‘waiting to retire’ or trapped in a ‘work forever’ cycle. People are choosing to work longer and differently – for all sorts of reasons. This is THE fastest growing workforce segment group – faster than the Gen Ys!

So – five questions for employers might be:

  1. What are you doing differently in your workplace to ensure that you employ your fair share of ‘twilighters’?
  2. How would you attract a ‘twilighter’ to your workplace?
  3. What training ,development and support would you provide a ‘twilighter’?
  4. How will you retain your current employees so that they share the ‘twilight’ of their career with your organisation, rather that somewhere else?
  5. Is it age or attitude that matters?

Organisations that have planned and invested in mature age workers already will be the ones that benefit from this dynamic workforce segment.

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Alumni – A nice thing to do for older people?

As mature age workforce specialists, we are often quizzed about alumni programs for organisations. Most of the questions are about how to engage retired ex-employees  into such a program. We don’t really ‘do’ alumni programs, but the solutions we have for mature workers would definitely contribute to an alumni initiative.

Here are some of the questions we ask:

  • What’s the business imperative for setting up an alumni? Is it a potential talent pool or living, walking knowledge base? (If it’s just about doing a nice thing for older people then it’s dooooooomed.)
  • How are you engaging your mature workers now? How do you support their decisions about work and retirement? Maybe you could start with pre-retirees for the alumni. (There’s often quite a pause before people answer that question – if they can.)
  • Do you have a transparent and defined process for re-engaging or re-employing  people who have retired? (The answers here are more miss than hit.)

The Washington Post Capital Business recent article on a graying workforce cites some good examples of how organisations are engaging retired workers.

The Agriculture Department is working with the National Older Worker Career Center to encourage people 55 and older — many of them retired federal employees — to come back to work on a specific project or be a temporary or part-time worker.

Joel Reaser, senior vice president at the Arlington-based center, said the program benefits older people who don’t want a full-time job but still have experience and knowledge as well as a government agency that’s facing an impending wave of retirements.

The effort is “not just a nice thing to do for old people,” said Reaser. “It’s absolutely critical that all employers, including the federal government, learn how to … retain [employees] further into their lives, extending their work lives and finding creative ways to bring them back.”

We couldn’t agree more.

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