Posts Tagged ageing workforce

Three reasons why organisations should support retirement planning

Envisage - Create your future

Envisage journal for retirement, redeployment, career management plannign

In HR Daily today, I was asked ‘When should you talk to employees about retirement?’ It’s never too early, but we would recommend that by the time employees turn 50, their performance development review conversations should include the topics of future work intentions and retirement conversations. And organisations should be actively supporting their decision making about the future. Why?

  1. Forward planning allows for enough time to transfer knowledge. There is an opportunity to shape a mature employee’s role to support knowledge sharing activities.
  2. The more support a mature employee has in making work and retirement decisions, the more likely they are to experience a positive and productive career.
  3. By having a timely conversation about future working intentions, you may retain that mature employee for longer. They may work differently, but you can reduce recruitment and training costs and minimise knowledge risk.

, ,

No Comments

A level playing field

On Monday in her speech at the National Convention Centre in Canberra (‘Australia’s Welfare 2011′), Susan Ryan called for new visionary thinking when it comes to mature age workers.

We need to create a more fluid working environment where we are encouraged to keep learning at intervals throughout our life cycle – in a workforce that lets us move in and out – at any age, without penalty.

Today at an employer roundtable luncheon convened by The Age Discrimination Unit in conjunction with Sageco, The Commissioner was therefore encouraged and enlightened to hear from organisations doing just this.

Organisations in attendance were at various stages of their age management journey, from  building the business case through to showcasing Award winning strategies. Telstra, National Australia Bank, QBE, Service First, PepsiCo, TabCorp and 2disccover shared their thoughts, their challenges, their initiatives and the positive impact of their strategies with the group and members of The Australian Human Rights Commission team.

Catalysts for taking action were explored. What was it that made these organisations move forward in developing mature age strategies and solutions?

  • the data story – including a comparison of the average age of retirement within the organisation to the national average (59)
  • health and safety – in roles with a high level of physicality and an ageing workforce
  • knowledge loss – key people in the business retiring and taking with them critical know-how
  • a wave of premature retirements and the mention by one executive that he ‘didn’t want to drop dead two years from now!’

Attraction and recruitment. Why are more mature workers not breaking through to final offer stage?

  • a triple edged sword – successful placement requires a combination of marketable mature workers, age positive recruiters, and enlightened employers
  • over qualified – the assumption being made that an experienced worker is not prepared to ‘downsize’ in late career
  • ‘language’ – communication used in job ads by agencies and employers screening out mature workers at application stage

Retention. What are some of the triggers for retirement and how can organisations enable working longer, but differently?

  • unconscious bias – unearthing myths, assumptions and stereotypes residing amongst people leaders
  • conversations – enabling authentic conversations between mature workers and their people leaders
  • flexibility – throughout the life course, all ages, all stages
  • culture – creating an environment where mature workers feel valued and acknowledged for their experience

…and so much more!

Older workers have always been, and will continue to be, an important part of the Australian workforce. We are on the cusp of a vastly changing demographic, and it is now necessary for older workers to remain in the workforce to support Australia’s society and economy

- The Hon Susan Ryan, Age Discrimination Commissioner

, , , , , , ,

No Comments

Monash Older Workers and Work Ability Conference

If you are after a hearty injection of all things ‘ageing workforce’ then the 2011 Older Workers and Work Ability Conference is not to be missed!

With The Hon. Wayne Swann providing the Opening Address and presentations by Professor Philip Taylor, Susan Ryan, Professor Juhani Ilmarinen, and SageCo’s own Alison Monroe, this conference is bringing together the leading international experts on older workers.

It will be a forum for the exchange of knowledge among policymakers, employers and researchers and others with an interest in workforce ageing.

The Older Workers and Work Ability Conference will be held at the Rendezvous Hotel, Melbourne, on the 12-13 December 2011. Find out more and register now

, , , , ,

No Comments

Lifting the bar

Yesterday the Assistant Treasurer Bill Shorten announced that the age bar for superannuation guarantee contributions would be lifted completely – updating the previous decision to raise to 75 years.

From July 2013, all employees regardless of age will receive the superannuation guarantee.

This decision has been welcomed by Susan Ryan, Age Discrimination Commissioner, who says:

It sends a strong and positive message to older employees and to their employers that age should be no barrier to equal employee rights.

This decision means that in respect of superannuation, older workers, be they over 75 or over 80, will have the same rights as all other employees.

One more move in the right direction for mature workers in Australia. Chip chip…

, , , , ,

1 Comment

Susan Ryan, Age Discrimination Commissioner: Redrawing the picture

There is a buzz around the SageCo office as we eagerly anticipate the November launch of ENVISAGE – our new facilitated and online solution. ENVISAGE is an evolution of our popular Create program and takes a (very!) colourful and artistic view of retirement and planning in late career.

So with this in mind, Susan Ryan’s latest opinion piece strikes a chord as she speaks of ‘redrawing’ the mature age picture.

Recently appointed as Australia’s first dedicated Age Commissioner, Susan is already making her mark, recently putting forward a suite of proposals at the federal Government’s Tax Forum held in September.  The objective? To remove negative tax impacts on older Australians.

Getting rid of age barriers in super, workers compensation and income insurance would produce more productivity. If, in the near future, we can provide successful examples, put in place by forward-looking employers, we would have inspirational models for the broader workforce.

Age caps currently leave workers over 65 uncovered for workers’ compensation and income maintenance insurance. Not conducive to the current trend of working longer and deferring retirement.

The changes put forward by The Commissioner will support employers keen to benefit from the skills, experience, knowledge and loyalty of the mature workforce.

(Published in The Equality Law Reform Project, 10 October 2011)

 

, , , , , ,

No Comments