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. 14.12.2018
    14.12.2018
    by      In
    The convenience of opening doors or logging onto computers with the wave of a hand is now possible with new technology that enables humans to be microchipped.
    A human microchip is the size of a grain of rice and it is implanted into the hand, between the thumb and forefinger, in a quick and fairly... Read More
  2. 14.12.2018
    14.12.2018
    by      In
    An additional $500,000 Federal Government investment is set to allow Deakin’s ManuFutures advanced manufacturing business incubator to set up a new acceleration programme for its members. The new ManuFutures Export Acceleration Programme (MEAP) will support the emerging businesses to strengthen... Read More
  3. 13.12.2018
    13.12.2018
    by      In
    After a long stint as the Asia-Pacific Managing Director of 600 Machine Tools, Cliff Purser is retiring from his post in Sydney, and returning to live in New Zealand.
    The genial Englishman has led the 600 team in Australia since transferring in November 2004 from the position of New Zealand... Read More
  4. 13.12.2018
    13.12.2018
    by      In
    Adelaide has been chosen as the headquarters of the newly established Australian Space Agency.
    The Australian Space Agency was officially launched on 1st July and received $41 million over four years from 2018-19 in the federal budget to “grow the Australian space industry,” including $26 million... Read More