The ageing of the workforce is the greatest challenge to face Australian employers this decade. It is also firmly on the corporate agenda with organisations looking for ways to tackle ageing workforce challenges. From the over 40s job board Adage.com.au
In May 2007 Adage released the Adage Top 20 – a list of organisations showing age management excellence. In its media release it said…
The ageing population’s impact on future business growth and sustainability is already biting according to executives from the country’s top employers who gathered in Sydney last night for the announcement of the Adage Top 20 – the definitive list of organisations demonstrating age management excellence.
Convenor of the inaugural Adage Top 20 judging panel, Adage Director Catriona Byrne said, “After years of talking about it, the realisation is hitting industry that the available talent pool is dramatically shrinking and with 85% of new labour force growth coming from the over 45s, only employers who understand how to attract and retain the mature worker will thrive.”
Ms Byrne said that while many companies are working towards effective age management by reviewing how they recruit, train and then retain older workers through flexible employment conditions, phased retirement programs and opportunities for wisdom sharing, a significant challenge remains in how to articulate the return on investment.
“These companies understand that mature workers stay with their organisation longer, that the experience and knowledge they bring is invaluable and cite improvements in customer satisfaction when their workforce mirrors their ageing customer base.” she said.
Are you challenged by an ageing workforce, and want to fully engage the experience and creativity of people throughout all stages of life, we would like to hear what you have experienced. Post your comments now…
For further information visit http://adage.com.au/Adage_Top_20_Winners_2007.html
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