Investing in Experience

Australia’s population is ageing and population growth is expected to slow. This has direct consequences for businesses in terms of the composition of the Australian workforce and the source of skills and labour. The impact of an ageing workforce is beginning to be recognised as a critical business risk, not just a HR concern - with strategic, financial, compliance and operational ramifications. Mature age workers add value through:

• increased retention,
• lower absenteeism,
• decreased recruitment costs,
• greater investment returns on training, and
• the maintenance of ‘corporate memory’, the largely undocumented experience and knowledge of how things are done.

All of these elements combine to make mature age workers valuable employees.

The Australian Industry Group, in partnership with the Australian Government, has developed Investing in Experience - a practical guide to employing and managing mature age workers.

Download your free copy of the Investing in Experience Guide.

If you would like additional information on programs and services that can help you attract experienced and reliable staff or retain the skills and experience of existing mature age workers please visit http://www.deewr.gov.au/Employment/Programs/ExpPlus/Pages/default.aspx

To view current case studies please click here and here

For more information on this project contact Michael Taylor by emailing mtaylor@aigroup.asn.au.