Posts Tagged ageing workforce
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:
- Source talent: tap into older femal talent
- Career and capabilities: Leverage older women’s ambition
- Cultivate culture: value older female workers
- Get flexible: Focus on flexibility for older female workers
- Invest in health and wellbeing: Work with older women’s wellbeing
- Focus on finances: Support older women’s financial independence
- 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:
Contact Sageco for an application form.
Just over two years ago we embarked on our first ever online course adventure. We wrestled with how to take the half day, high impact, colourful, engaging Envisage seminar for older workers and successfully translate it to an online experience. The reaction from even within our own ranks wasn’t always confident.
- “I think the online participants will lose out.”
- “I’m not sure this is what older workers want.”
- “It just won’t be the same’.
But we are solutions focused. And we had organisations that needed an economic solution for their geographically dispersed workforce. Envisage Online was born in November 2011 and 18 months later we have some compelling data that surprises even the true believers amongst us. Envisage is a catalyst for taking action. It supports participants to take action on their goals for the future. We always run impact surveys between 6 – 12 weeks after the program. Here’s the data from those surveys:
After completing the Envisage program, I have (planned to or completed)…..
|1. Organised an individual financial planning consultation.||67%||59%|
|2. Undertaken a health check.||82%||89%|
|3. Developed my own flexible work proposal and/or spoken to others in the organization about flexible work options or a transition to retirement plan.||45%||25%|
|4. Implemented my own flexible work arrangement e.g. working from home, reduced hours, accessed additional leave.||35%||24%|
|5. Held a conversation regarding my future work/life/retirement plans with significant others e.g. my partner, family, friends, colleagues.||86%||74%|
|6. Developed a personal action plan to achieve my goals for the future.||70%||69%|
|7. Had a conversation with my manager/people leader/team leader to discuss my goals for the future.||47%||21%|
|8. Taken initial steps to transfer my knowledge to others and/or spoken to others in the organization about intentional knowledge transfer.||58%||28%|
What does this data tell us?
- Envisage creates results. Many participants take action about their future as a result of participating in a seminar or online.
- In the focus areas of health, finances and planning the future, there is 8% or less difference between face-to-face and online.
- Well over two thirds of Envisage participants have conversations about their future with significant others after completing the course.
- If one of your ageing workforce strategies is to support mature workers to make decisions about work and retirement, then Envisage OnlineEnvisage Online will get you a long way down the track.
- If you want to increase engagement around flexible working options, knowledge transfer and manager / older worker conversations, then you will also need the Envisage seminar for greater impact.
Book now for your Envisage Online pilot
In the spirit of Envisage, take action now. All you need to do is sign up for an Envisage Online pilot before Thursday 13 June 2013 and you are on your way.
- Up to 50 participants from one organisation
- Each participant gets three months access to Envisage Online via a web browser – at work or home.
- Includes full implementation and communication support for organisation representative and an impact report on completion.
Envisage Online deal = $ 1800 + GST
For as little as $36 per person, you can create a productive and positive impact for your older workers.
Please note that this offer does not include journals, webinars or seminars. It is for participation in Envisage Online only.
Book now! Or call 1300 72 4343 for this end of financial year offer.
Here’s what recent Envisage participants have said:
“I think it is a practical wake up call to take things in hand and start some planning for retirement. Sometimes you can be paralysed by thinking you have left things too late but when you start to change things you find that you haven’t. I often read the money section of the Age newspaper but never acted on any advice from that. I have acted on recommendations from Envisage.”
Mercy Health participant
“I found the program to be very encouraging and feel more optimistic about the future as a consequence.”
“I found that I need to think outside the square about my future – not only with work commitments.”
View this overview of Envisage Online for more information. We look forward to hearing from you.
We’ve been resourcing and researching age management for over ten years now. We’re always on the look out for comprehensive and compelling stuff to support practitioners. If you’re just starting the age management journey or you’ve been treading the boards for some time, these three sites might be just the thing to spur you on.
1 Do you know what a ‘downager’ is?
McCrindle Research’s latest collation of research around older workers in Australia looks at older workers, downagers, and redefining retirement. It features concise statistical evidence to challenge the notion and perceptions of ‘age’. Age is a relative concept and what was once ‘old’ is maybe not so old in these times.
2 Engaging and retaining older workers
You may have missed this excellent paper from AIM Qld. Very practical and sound research.
3 Success stories from Europe
We’ve long been fans of the Eurofound website. Dig around for innovative case studies across a wide range of cultures and industries.
It’s one thing to read all about it – but quite another to actually do something. If you are an employer with over 200 employees in Australia, why not apply for the Experience Plus Corporate Champions program and receive up to $20 000 worth of assistance with managing your ageing workforce. Contact Sageco to find out more.
Most organisations have health and well-being programs for all employees. Tick that box. But how effective are they? And how targetted? Two research projects we’ve come across recently provide strong arguments for tailored health and well being programs for older workers. By focusing on the particular needs of older workers, employers will increasingly be able to attract and retain the fastest growing labour cohort. And the return on investment is greater.
Working late: This research project focuses on strategies to enhance productive and healthy environments for the older workforce.For organisations who are serious about becoming corporate champions for their older workers – this site is developing excellent research and resources for:
- improving physical activity
- considering the daily journey to work
- designing workspaces and working healthily
- dealing with discrimination
And closer to home from Monash University, research suggests that there is a greater return on investment in supporting the health and well being of older workers. The labour market is the main area of the economy to be affected by the indirect costs of disease as demonstrated by reduced labour productivity and workforce participation.
The Sageco Envisage program includes health as one of its six key focus areas. Over eight years, our impact data consistently shows us that after participating in a seminar or completing Envisage online, 80% of participants planned to have a health checkup.It stands to reason – healthier workers stay longer, have less days off and are more productive.
Australian employers with over 200 employees now have an opportunity to champion the health and well being of their older workers (as well as many other initiatives) with the support of federal government funding in the Corporate Champions program. Register your interest with Sageco to find out more.
We are keen collectors of statistics and research to support ageing workforce initiatives. If you need a few facts and figures for your business case, you might enjoy watching our latest compilation that we use in our Navigate workshops for managers.
And congratulations to AIM NSW & ACT on their excellent discussion paper on Engaging and Retaining Older Workers researched by Dr Lucy Burgmann. Definitely worth a read.