none

AiGroup backs support for mature-age employment

31-08-2010
by 
in 

 

The Australian Industry Group has strongly supported a Federal Government initiative to include wage subsidies for employers who take on mature age employees.
 
The move, announced recently by Prime Minister Julia Gillard would help ensure highly skilled and experienced workers continue to contribute to the workplace and the national economy, Ai Group Chief Executive Designate, Innes Willox, said.
 
"With an ageing population, it is critical to our productivity performance and to address skills and labour shortages that we make the effort to change the mindset so that businesses are more willing to engage and maintain mature age workers,” Mr Willox said.  
 
Currently, working age people (15-64 years) are increasing by 170,000 per year, it is estimated for the decade 2020-2030, this will drop to 125,000 per year.  
 
By 2052 it is also estimated only half of the population will be under 45.
 
"Mature age workers have proven to be of huge benefit to the workplace, Mr Willox said.  
 
“In last decade, workers aged 15-44 years have accounted for 28 per cent of labour force growth, while workers aged 45+ accounts for 72 per cent of growth.
 
"Mature age workers deliver an average net benefit of $1,956 per year compared to other workers due to high retention rates, lower absenteeism, decreased recruitment costs and greater return on investment.”

Related news & editorials

  1. 26.04.2018
    26.04.2018
    by      In
    Work to transform the Commonwealth Games Village to form part of a 200-hectare Gold Coast health and knowledge precinct has begun. 
    The project is spearheaded by the City of Gold Coast in collaboration with the Queensland Government, Griffith University and Gold Coast Health is part of a $550... Read More
  2. 26.04.2018
    26.04.2018
    by      In
    It's all about the jobs in Wodonga, where 15 new businesses will benefit from the regional clusters investment scheme, set to grant $5 million to businesses over two years. 
    Australian Industry Group regional manager Tim Farrah said that the initiative would support businesses in regional areas,... Read More
  3. 26.04.2018
    26.04.2018
    by      In
    The Chinese government has doubled down on its import restrictions for recycleable and waste material, building on its previous bans to include more kinds of items. 
    In 2017, China placed an import ban on 24 kinds of solid waste, which it had previously imported from dozens of other countries and... Read More
  4. 26.04.2018
    26.04.2018
    by      In
    A $1.5 million Local Industry Fund for Transition grant is helping Holden Special Vehicles embark on a $12 million project that will create at least fifty new jobs, all suitable for ex-auto workers.
    As part of its project, the company has established a purpose-built facility and purchased new high-... Read More