Posts Tagged ageing workforce

65 ain’t 65 anymore

Just as 40 is the new 30, 65 ain’t 65 anymore

writes Greg Jericho in The Drum Opinion yesterday.

Last week the Daily Telegraph ran a front page story with the cheery headline “Graveyard Shift“, bemoaning that mature workers are being ‘forced’ to work longer. Not so, says Jericho. The facts support this counter argument, we are living longer healthier lives and mature workers have been steadily ‘working longer’ since 1983. A trend quite removed from the impact of the GFC and stock market fluctuations.

we should not be running front page stories about older people having to work, we should be running front page stories about what governments and employers are doing to encourage and help those over 65 to work

SageCo echoes these sentiments in an article published by Human Capital Online last week, sharing data gained from over 2500 mature workers in the past year on their future working intentions.

It comes down to individual choice (and of course ability) to continue working. For choice to occur, there need to be options available. For options to be available, organisations need to focus on reshaping the way we work and create space for the conversation.

81% stated they would continue to work, if they could work differently. The problem is that the conversation is not taking place, said Monroe

It is integral for leaders to be talking to the mature members of the team, and gauging their future work intentions, not their ‘retirement intentions’, which sends the wrong message to the older workforce.

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Baby Boomers – satisfied but overlooked

Mercer’s What’s Working survey declares that baby boomers are more satisfied with the work they do, less likely to leave BUT they are overlooked for career development and opportunities. Do you agree?

Sageco always encourages employers to actively support mature workers in their late career and retirement decisions. Sometimes it is the ‘assumption’ of retirement that is the greatest barrier to this. If you manage mature workers, then follow these three easy steps to ensure that they’re not being overlooked:

  • Have a conversation about their work and retirement intentions. Ask the questions, “What would you like the next ten years working here to look like?”
  • Encourage your mature workers to think about taking charge of their own career development.
  • Make sure that performance and development reviews are constructive and don’t assume that someone is ‘just going to retire soon’ because they are over 50.

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NAB puts Australia on the mature age map

Congratulations to National Australia Bank!

NAB has been recognized with AARP’s 2011 ‘Best Employers for Workers over Age 50’ award for their innovative and exemplary practices in recruiting, retaining and promoting mature age workers. This is an international award and NAB joins 14 other non-US based organizations that were recognized with this distinction.

AARP is a US-based non-profit association with over 37 million members, dedicated to enhancing the quality of life for people over the age of 50.

This award shows that we’re really making a difference outside our organization, and even outside Australia

said Colleen Harris, Executive General Manager of NAB Human Capital.

Our focus on mature age workers as valued employees puts NAB in a unique position to retain experienced workers, which is critical in a shrinking labor market, and to build a sustainable competitive advantage

NAB is the 1st Australian employer to achieve this Award and they have placed a pin on the world map.

We put NAB’s winning strategy down to a few success factors;

  • executive support and advocacy
  • leadership awareness and education
  • a passionate, dedicated and influential diversity team.

Find out more about NAB’s Award here!

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Branson talks Experience

When Richard Branson speaks, people tend to listen. You don’t become a billionaire for nothing!

And once again he demonstrates his ‘deep smarts’ by sharing advice for promoting your business’s best asset – your experienced workers.

Q: How do you help ageing workers embrace a changing environment and adapt to new ways of doing things, and how can employers better utilize their more senior employees?

A: As an ageing worker myself, I will attempt to answer on behalf of my contemporaries.

When people ask how old I am, my favorite response is,

Younger than Mick Jagger!

No disrespect intended to Mick, who is a friend of mine, but seeing him onstage certainly shows how big a disconnect there can be between doing what you do best and acting your age.

In the business of entrepreneurship, past experience is particularly helpful, since building a business is an art. There’s really no right or wrong way to do it, but the more you practice, the more skilled you become.

Read the full response from Richard on Entrepreneur.com

 

 

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One size does not fit all

A very impressive line up of speakers generously shared their time, knowledge and insights at today’s 5th annual ageing workforce conference convened by Department of Premier and Cabinet, IPAA NSW and SageCo.

With over 100 attendees and held at Customs House, the agenda explored a wide range of topics under the umbrella of ‘targeting and aligning workforce strategies’.

Peter Duncan, Deputy Director General, Government Coordination and Corporate Administration, provided the opening address, stating some of the key ageing workforce objectives as;

  • greater levels of labour force participation
  • continual development of mature workers
  • managing the transfer of critical knowledge
  • implementing talent management systems to fill capability gaps

Geoff Gilfillan from the Productivity Commission in Canberra provided an overview of the Research Paper on Labour Force Participation Rates of Women 45+ with delegates then given an opportunity to work on a hypothetical challenging them to visualise “The Year 2020″ and what it would take to achieve ‘best practice accreditation’ for the employment of mature age women.

Output from the facilitated interactive session included tailored health and wellbeing interventions for mature women; equal representation of mature women in senior leadership and executive roles; redesign of the working day and the working week (from Part Time to Part Year?!); training in non traditional roles; carers leave extended to cater for elder and grandchild caregiving; and the debate on gender bias becoming obsolete as it will be a ‘non issue’ by 2020.

Chair Alison Monroe conducted an interview with Professor Philip Taylor of Monash University to gain an international perspective on age management and a ‘judges’ view of the AARP Best Employers Award for 50+ . Philip challenged Australian employers to look again at the opportunity to train, develop and upskill mature workers to enable them to remain employable, marketable and productive.

A lively session followed presented by John Cross, Assistant Executive Director of Workforce Planning at State Services Authority VIC, who challenged some traditional views and shared with delegates his framework for robust age management and workforce planning;

  1. Accountability – shared between organisational leaders, frontline managers and HR
  2. Appetite – assessing ageing workforce challenges through the risk lens and speak the language of the business
  3. Design – job redesign and evolution over time, learning and development models that address future skill gaps
  4. Data – the role of HR in collecting, collating and communicating the data story to the business, to which John added;

look at the ripples created by the rock, not just the rock itself as it is thrown into the water!

Case Studies were shared by Hunter Water, Department of Trade and Investment NSW and National Australia Bank – with a common thread seeming to be conversations and culture.

A jam packed agenda and one that resulted in delegates walking away with new knowledge and a variety of next steps. Each continuing on their individual and organisational journey, where one size does not fit all.

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