Posts Tagged “jobs for older workers”
In the space of five years, Liz Clifford has lost her husband to cancer, her office job and now her home.
At the age of 60 she finds herself struggling to get by on Newstart unemployment benefits.
“Very disappointed with life,” she told 7.30.
“It wasn’t his fault that he got sick and died, but after losing my job I don’t have the income now to support living here — rates to pay and bills to pay.
“I don’t like to say it’s destroyed my life, but it’s certainly torn it apart.”
Ms Clifford is part of a worrying trend. The number of people aged 55-64 on Newstart has risen by more than 55,000 in less than five years.
“It’s been very difficult. It makes you feel quite worthless actually, like you’ve got no purpose in life,” she said.
“I feel a little bit insulted and I feel like I’ve been punished for being unemployed.”
She lives on about $50 a day and has been forced to sell her and her late husband’s dream home because she can no longer keep up with repayments.
‘I’ve got a lot to offer’
Newstart has not increased in real terms for more than two decades, and the Federal Government is resisting calls to lift the payment.
“Electricity’s not cheap, water rates and house rates aren’t cheap,” Ms Clifford said.
“I get my Centrelink payment every fortnight and that just goes straight onto my credit card.
“Because I’ve used the redraw facility on [the mortgage], it’s gone up but I’ve tried to be very careful with that.”
Ms Clifford currently works part-time at a Gold Coast boarding kennel but is planning a move to Ipswich to find a cheaper home and full-time office work.
“I think people probably want someone who’s 35, 40 or something like that or maybe even younger.
“I know I’ve got a lot to offer, I’ve got a lot of skills and I’ve worked for a long time and I’m quite computer literate, but I think people just think, ‘She’ll be wanting to retire in a couple of years’ time, so it’s not worth taking her on’.”
More programs needed for mature age workers
Labour market analyst Professor John Spoehr said the sharp rise in the number of over-55s on Newstart was due to a downturn in traditional industries and a crackdown on eligibility for disability support payments.
“Despite the Australian unemployment rate being relatively low, that masks some other problems in the labour market,” he told 7.30.
“In particular, the difficult circumstances that mature-age workers face, particularly because of the decline in mining and manufacturing.
“People who were skilled in those sectors had to find jobs in very, very different areas of the labour market, predominantly in the services sector where they weren’t well skilled.”
Professor Spoehr said a poor education was hurting some workers in the modern employment landscape.
“Typically, mature-age workers, baby boomers in particular, often require more support than a lot of other workers in the labour market that are struggling,” he said.
“I think there’s a need for an expansion of mature-age employment programs in Australia to support mature age workers through these difficult transitions.”
Living on $40 a day
Phillip Cacciola, 61, has a lifetime of experience on the factory floor.
“My first job [was] cabinet maker, then I got a job at Holden, biscuit factory, steel fabrication,” he told 7.30.
“Then I got a job at Copperpot pate and dip factory. I was there for 10 years.”
He is now unemployed and believes his reading and writing skills and age are stopping him from finding work.
“Everything is on the computer,” he said.
“When you put a job application in you’ve got to put it in the computer. I can’t do that. Simple as that, I just can’t do that.
“If they put me on a forklift and show me what to do I’d probably pick it up after a while. You’ve got to go through the paperwork and safety and stuff.
“I know the safety stuff but you still got to write it down, that’s my biggest problem.”
Mr Cacciola said he had personally sought out courses to improve his reading and writing skills but wanted the Government to help more in this area as well as increase the Newstart payment.
He lives on about $40 a day.
“Sometimes I get cranky when I hear things about the politicians,” he said.
“They’ve got no problems paying the electric bills, they’ve got no problems paying anything.
“If they want to buy something they can get money out of the bank and buy it. I can’t do that.”
People are living longer, and organizations are shifting their attitudes toward older workers as a result. Organizations that can turn advancing worker age into an asset could gain a competitive advantage.
Longer lives, older workforces
Rising life expectancies and an aging global workforce present organizations with unprecedented challenges and untapped opportunities. Companies that plan, design, and experiment with workforce strategies, workplace policies, and management approaches for longer working lives can reap a longevity dividend. Those that lag behind face potential liability concerns and skill gaps. Creating ways for people to have meaningful, productive multi-stage and multidimensional careers is a major opportunity to engage workers across generations.
One of modern science’s greatest achievements is longevity: the unprecedented length of human lives today. Average global life expectancy has rocketed from 53 years in 1960 to 72 years in 2015—and it is still climbing,1 with life expectancy projected to grow by 1.5 years per decade.2 Longevity, combined with falling birth rates, is dramatically increasing the share of older people in populations worldwide.3 Looking ahead, the number of retirees per worker globally is expected to decline from 8:1 today to 4:1 in 2050.4
These demographic facts have profound implications for individuals, organizations, and society. In this era of longevity, an individual’s career can last far longer, spanning generations of technologies and businesses. Companies can employ people into their 60s, 70s, and beyond as the pool of traditional “working-age” (20- to 54-year-old) adults shrinks. For their part, many individuals find the need—financially and/or emotionally—to stay in the workforce past “traditional” retirement age.
In our 2018 Global Human Capital Trends survey, 29 percent of the respondents rated longevity as a very important issue, and another 40 percent rated it as important. Respondents in Japan in particular, whose population is rapidly aging, were especially concerned about the issue, with 41 percent saying that it is very important.
The looming impacts of global aging
Population aging poses a workforce dilemma for both economies and organizations. Thirteen countries are expected to have “super-aged” populations—where more than one in five people is 65 or older—by 2020, up from just three in 2014.5 These include major economies such as the United States, the United Kingdom, Japan, Germany, France, and South Korea. China’s 65-and-older population is projected to more than triple from approximately 100 million in 2005 to over 329 million in 2050.6 In fact, analysts have estimated that 60 percent of the world’s population over 65 will live in Asia by 2030.7
Compounding the challenge, almost all developed economies now have birth rates below the replacement rate of 2.1.8 This means that companies in these countries must either attract workers from abroad or tap into the maturing workforce. For a view of the challenges ahead, one needs look no further than Japan—the world’s oldest country—where a shortage of roughly 1 million employees in 2015 and 2016 is estimated to cost nearly $90 billion.9
New research is being conducted to help organizations shape their talent and business strategies for an era of longevity. The MIT AgeLab, for example, works with businesses, government, and other stakeholders to develop solutions and policies aimed at engaging the elderly population. The AgeLab uses consumer-centered thinking to understand the challenges and opportunities of longevity in order to catalyze innovation across business markets.10
Older talent as a competitive advantage
As talent markets grow more competitive, organizations often find it valuable to keep older workers on the job rather than replace them with younger ones. Our research shows that older workers represent a largely untapped opportunity: Only 18 percent of this year’s respondents said that age is viewed as an advantage in their organization. But leading companies are beginning to focus on this talent pool as a competitive advantage.
The older labor pool represents a proven, committed, and diverse set of workers. More than 80 percent of US employers believe that workers aged 50 and more are “a valuable resource for training and mentoring,” “an important source of institutional knowledge,” and offer “more knowledge, wisdom, and life experience.”11 The UK government incentivizes employers to retain, retrain, and recruit older workers, and it is committed to policies that support lifetime learning and training and decrease loneliness and social isolation.12
Proactive organizations are tapping into the older talent pool by extending their career models, creating new development paths, and inventing roles to accommodate workers in their 50s, 60s, and 70s. This year, 16 percent of the respondents we surveyed for this report say their companies are creating special roles for older workers, and 20 percent are partnering with older workers to develop new career models. Organizations could find great value in older workers’ ability to serve as mentors, coaches, or experts. Taking on these kinds of roles allows older workers to “pass the baton” to younger generations, while making room for ambitious younger workers.
Many companies are also experimenting with workplace changes to help older employees remain in the workforce. For instance, BMW increased productivity on an assembly line staffed with older workers by 7 percent in just three months through simple changes such as providing cushioned floors and adjustable work benches.13 Home Depot and other organizations are engaging older workers with flexible scheduling options and part-time positions.14 Further, as many as one-third of retirees are willing to work part-time, offering opportunities to leverage this group on a contingent or gig basis.15
Reskilling also plays a role in successful strategies to utilize older talent. One global telecommunications provider encourages senior workers to reinvent themselves and invests in programs to help them acquire new technical skills.16 Software engineers who have built careers on older technologies such as COBOL or C++ can use this experience to learn mobile computing, AI, and other technologies at a very rapid rate.
An interesting and little-known fact, moreover, is that older people are among the most entrepreneurial of workers across age groups. Between 1996 and 2014, the percentage of older workers (aged 55–64) starting new ventures increased—exceeding (by 68 percent) the rate of entrepreneurship among millennial entrepreneurs (aged 20–34), which actually decreased during the same period.17
The new challenges of an aging workforce
The transition toward older talent can present challenges. Older workers may have specialized workplace needs and can attract resentment from younger workers, and they often enjoy higher salaries because of their tenure. Organizations looking to assimilate an older worker population may face the need to design new wage policies, create more flexible rewards programs, and train young leaders to manage people across generations (including team members who may be their parents’ age).
Pensions are another area where longevity impacts organizations. The World Economic Forum estimates that a $70 trillion global retirement savings gap exists today, highlighting the sharp difference between retirement needs and actual retirement income. Moreover, this gap is projected to grow to $400 trillion by 2050.18 Helping older adults to work longer and manage their retirement savings will be a vital need for companies in order to avoid the negative productivity effects of financial stress.
Our Global Human Capital Trends research shows that many organizations are unprepared to deal with the aging of global workforces. Nearly half of the respondents we surveyed (49 percent) reported that their organizations have done nothing to help older workers find new careers as they age. Rather than seeing opportunity, 20 percent of respondents view older workers as a competitive disadvantage, and in countries such as Singapore, the Netherlands, and Russia, this percentage is far higher. In fact, 15 percent of respondents believed that older employees are “an impediment to rising talent” by getting in the way of up-and-coming younger workers.
Are older workers an advantage or a disadvantage?
Perceptions of workers over 55 years old spanned both extremes, though these perceptions varied significantly by country.
Based on these findings and our anecdotal observations, we believe there may be a significant hidden problem of age bias in the workforce today. Left unaddressed, perceptions that a company’s culture and employment practices suffer from age bias could damage its brand and social capital.
Age discrimination is already becoming a mainstream diversity issue and liability concern. More than 21,000 age discrimination complaints were filed with the US Equal Employment Opportunity Commission in 2016.19 The problem is particularly acute in Silicon Valley’s technology industry, where older software engineers are often pushed to take lower-paying jobs or look for work outside Silicon Valley because of the emphasis on the “youth culture.”20
The demographic math is undeniable: As national populations age, challenges related to engaging and managing the older workforce will intensify. Companies that ignore or resist them may not only incur reputational damage and possible liabilities, but also risk falling behind those organizations that succeed in turning longevity into a competitive advantage.
The bottom line
Staying competitive in a world of unprecedented longevity demands that organizations adopt new strategies to engage with older talent. Traditional assumptions—that learning ends in one’s 20s, career progression ends in the 40s, and work ends in the 60s—are no longer accurate or sustainable. Rethinking workforce strategies across multiple generations to account for longer lives will require open minds and fresh approaches.
Workers and job seekers aged over 45 will be eligible for training programs to ensure they have the skills necessary to stay in the labour market for as long as they want instead of winding up on the unemployment scrapheap.
As part of the government’s baby boomers package, it will allocate $189.7 million over five years to assist mature-age workers adapt to the changing needs of the economy.
The bulk of the funding, $136.4 million over four years beginning in financial year 2019, will be available as targeted training for registered jobseekers to develop digital skills, enhance their employability and to identify job opportunities in local labour markets.
A Skills and Training Incentive, costing $19.3 million over three years, will provide as much as $2000 for workers aged 45 – 70 at risk of being made redundant through technological or economic change to undertake reskilling or upskilling. The worker or employer will have to match the funding.
A separate $15.2 million program – the Job Change Initiative – will be set up to outline career options for mature-age workers who are considering early retirement or facing redundancy.
The government will expand its Entrepreneurship Facilitators program, which promotes self-employment, to 20 additional locations at a cost of $17.7 million.
Recruiting and retraining
Incentives to hire a worker aged over 50 will be increased modestly by $1.1 million to provide additional wage subsidies for employers worth up to $10,000.
As part of the effort to keep Australians employed longer, workers will be able to undertake an online skills checkpoint when aged between 45 and 65 to provide advice to building their careers or transitioning to new industries.
As well as looking at workers’ employment history and qualifications, the checkpoint will look at their involvement in the community, such as volunteering, to see whether those skills would translate to a new career path.
By targeting workers aged in their late 40s, the hope is they will receive assistance to prolong their careers before running the risk of retrenchment, seniors advocates argue.
The government has flagged a need to drive cultural change and stop discrimination against older workers, promising to develop strategies in conjunction with business and seniors lobby groups.
“The government understands the importance of working with employers to ensure they understand the benefits of recruiting and retaining mature age people,” Jobs Minister Michaelia Cash said.
“We also need to support Australians most affected by our transitioning economy by providing opportunities for them to acquire the skills that will equip them for future opportunities and jobs.”
Older workers must not be left behind when it comes to digital skills training, according to a survey and report from Business in the Community.
The poll of 2,000 employees, 1,000 of whom were over 50, found that older workerss are not receiving the training and skills development they need to succeed in the digital era. Only 25% of employees aged 50-59, and 22% of those aged 60-69, felt their employer encouraged them to take up learning and development opportunities. This is compared with 44% of 18-39 year-olds and 32% of 40-49 year-olds.
Older workers were also more likely to feel that their employer did not inform them about how technology and automation would impact their job compared to younger employees.
Separate research from McKinsey Global Institute has forecast that up to a third of US and German workers, and nearly half of those in Japan, may need to switch occupations by 2030 due to a sudden surge in automation. The researchers describe this as an upheaval on a par with the shift from agriculture to manufacturing.
Cary Cooper, Professor of Organisational Psychology and Health at Alliance Manchester Business School, told the Financial Times that that older workers, who remember a time when jobs were for life, may struggle with re-skilling.
“Thirty years ago the psychological contract was if you [work hard] for us we’ll give you career development,” he said. “Now the contract is that we expect you to be committed . . . but we cannot guarantee future employment.”
Therefore, what can businesses do to support older workers in their upskilling journey? Nupur Malik is the HR Director at Tata Consultancy Services, which helped support the Business in the Community research. She called on organisations to take action.
“We believe that training and development is an ongoing process and support all our employees to gain the skills needed to succeed at work, whatever their age,” she said. “Taking action will mean more businesses can thrive in an increasingly competitive global business environment and support employees to stay in good work for longer.”
“By supporting older workers to be ‘digital adopters’ employers can show they value experience, ambition and ensure that their businesses are prepared for future skills shortages,” added Lincoln.
Carol Kulik, Opinion, The Advertiser
November 24, 2017
WHEN Australia’s age pension was introduced in 1909, just 4 per cent of the population lived long enough to claim it.
Now, the average Australian is expected to live 15-20 years beyond the traditional retirement age of 65 — and by 2050, nearly a quarter of our population will be aged 65 and over.
Clearly Australia’s ageing workforce is a reality that we cannot afford to ignore. But what can organisations do in order to benefit from this growing demographic?
For older Australians, the key here is choice. On the one hand, they’re physically capable of working longer, so they could stay in the workforce. On the other hand, they’re tempted by retirement so they can travel, spend quality time with family and friends, or pursue a favourite hobby.
Baby Boomers have an unprecedented option to extend their working careers beyond the traditional retirement age, and being the largest — and wealthiest — older generation ever, their motivations for staying in the labour force are dependent on the quality of support they receive from their manager.
So for organisations, the challenge is to adequately deliver just this.
To help you on your way, here are a few strategic tips for attracting, engaging, and retaining older workers in your organisation:
Plan for older workers to be front and centre
Have you reviewed the age profile of your workforce and your customers? Some industries like aged care and financial services rely heavily on older clients and customers but, as the population ages, older Australians will become a fast-growing segment across all industries.
To engage this growing demographic group, you can position your older workers in visible, frontline roles to connect with similar older customers, suppliers and stakeholders.
This sends a strong signal that your organisation values older people, making the business more attractive to both older customers and job applicants.
Listen up — or miss out
How much do you know about the changing needs of your older workers? If you’re to benefit from their experience, you may need to redesign jobs to match the changing physical and psychological needs of an older workforce.
Simple things, like losing the physical components of the job, or increasing their opportunities to engage with other people, can seem like easy adjustments, but unfortunately many older workers have tried unsuccessfully to negotiate such changes.
The consequence is an unhappy older worker, who, tired of being in a job that provides a poor fit, simply “retires”, only to return to the job market a few weeks or months later, with a different organisation.
Just like that, you’ve lost one of your most valuable resources — and when they exit, their skills and experience also go out the door.
Keep an open mind about who does what
Do you assume that interns are young? Do you think that managers should be older than the people they supervise? Traditional ideas about the right age for the right job are quickly becoming outdated, and organisations need to acknowledge this in order to get the most out of the workforce.
In the case of older workers, many are interested in “encore careers” that enable them to pursue opportunities outside their original career choice.
As an employer, you may be able to leverage this by offering older workers opportunities within your organisation, perhaps rotating across roles and units or retraining for different kinds of work.
And remember, keep an eye out for older jobseekers making a “sea change” in occupation or industry — they can bring transferable skills, such as budgeting or project management, and new perspectives to your organisation.
Carol Kulik is professor of human resource management at the University of South Australia
Half of us will live to 100 that’s why senior workers need a gap year to plan for their retirement
HALF the Aussies born today will live to be 100. So it’s time to reassess how we live healthier and work smarter.
HALF the Aussies born today will live to be 100 and it is time to introduce a senior’s gap year where older workers take a year off work to consider their next 20 years says Aged Care minister Ken Wyatt.
Describing 70 as the new 40, Mr Wyatt is warning Australians they will have to prepare for a future in which they will be healthy enough to work or volunteer well into their eighties.
“More than six million of Australians now aged between 50 and 75 are facing an extended life expectancy,” he told the National Press Club in Canberra.
Researchers at the London Business School had calculated that children born today in the US, Canada, Italy or France had a 50 per cent chance of living to at least 104, and 107 if they came from Japan.
“These projections are the real deal. Therefore, we need to seriously refocus our attention on living better,” he said.
More than six million of Australians now aged between 50 and 75 are facing an extended life expectancy.
This new age could bring us fulfilment and freedom but it has to be managed by a gradual move to part time employment, changing careers, volunteer work or a combination of both.
Too many Australians who retired wished later they had stayed on at work and their employers often found it hard to find a replacement worker with their experience and knowledge, he said.
“For all of these reasons, I personally believe we should consider a “seniors gap year”, made available for employees, in the lead up to the traditional retirement age,” he said.
“Like teenagers have done for decades, as they plan their studies and career paths, this “gap year” could allow older people to map out their future, while maintaining job security,” he said.
The question they would consider during this year would be what they do for the next few decades? How will they continue to contribute and harness their knowledge and skills for the benefit of society and the economy?
“Just imagine if, when we reach 60 and we are thinking of retiring, and we are given the opportunity to take 12 months’ leave without pay and go and do the grey nomad travelling, do all the things you wanted to do on your bucket list for 12 months, and then you come back and you say to your employer, I’m back, I’m ready to start working again’ he said.
Mr Wyatt said his idea was not government policy but he spoke of how after he took a redundancy package in his fifties he decided he wanted to re-enter the workforce.
National seniors policy advocate Ian Henschke said it was important for people to consider if they were ready for retirement but “I’m not sure it requires an entire gap year”.
People should experiment with retirement by using their long service leave before they retire to see if they are ready to leave the workforce, he said.
“If you took six months long service leave at half pay that would be sufficient to understand whether playing golf six days a week or doing pottery and art classes was right for you rather than working, he said.
Scott Barklamb, Director of Workplace Relations at the Australian Chamber of Commerce and Industry said Australia needed creative ideas for a national discussion on retaining more Australians in work, as the Minister has provided today.
“Expanded options for flexibility seem the most productive area to look at, and we should better empower employers and their older employees to work out flexible arrangements that best meet their needs,” he said.
“Just as planning your retirement is important for individuals, succession planning is important for businesses. We would be wary of any provision that introduced greater uncertainty for business or made succession planning even more difficult,” he said.
The minister is also calling for major changes to the way we treat the aged many of whom are lonely and who live in aged care facilities where they receive no visitors at all.
He wants small houses grouped around a central kitchen and living room built to improve housing options for the aged.
“When I talk to people in Aged Care, I find so many who crave simple touch, a hug, the warmth of palms clasped together, or a soothing hand on their shoulder,’ he said.
It was distressing that 40 per cent of people in nursing homes did not receive a single visitor 365 days of the year, he said.
“Our elders should hold a special place in our society — they are not to be sent away or shunned, but remain fundamental to family groups and communities, as wisdom-givers,” Mr Wyatt said.
Older people should be valued for who they are, not just in terms of economics, but for what they have done and continue to do
Mr Wyatt on Wednesday announced a $2.8 million consultation to set out a plan for future investment for My Aged Care, this will be done in close consultation with consumers, service providers and community partners.
The government has recently embarked on a major expansion of home care services that provide help for the elderly in their own homes so they don’t need to move into aged care facilities.
Source: News Corp Australia Network October 25, 2017
Alan Williams, 62, is attempting to return to the workforce after nine years of unemployment but says his age appears to be a hindrance.
A leading social welfare group will form a coalition to tackle ageism in what is being described as Australia’s biggest campaign to reframe attitudes towards growing older.
The Benevolent Society announced its campaign EveryAGE Counts on Thursday, as it launched a report that revealed concerning findings about growing older.
Executive director of the Benevolent Society Kirsty Nowlan said the research, The Drivers of Ageism, showed a mismatch between perceptions about ageing and reality.
“Views about ageing have a preponderance of negativity,” she said.
“People believe that ageing is a process of inevitable decline. The reality is a lot of the fear about ageing is based on a set of myths.
“Ninety per cent of people over 65 rate their health as excellent. More than 90 per cent of older people live independently, not in a nursing home.
“There is a real dissonance between people’s beliefs and what is actually happening.”
The research found that ageist attitudes were most prevalent around employment with one-third of respondents saying employers should be able to force older workers into reduced roles, one-quarter saying bosses would get better value out of training younger workers than older ones and one-fifth saying younger people should get priority over older people for promotion.
Eighteen per cent of respondents accused people who don’t retire at 65 of stealing jobs from younger people.
Alan Williams, 62, is attempting to return to the workforce after nine years of unemployment. After his wife was diagnosed with dementia, he became her full-time carer. He said that now he is willing to return to the workforce, his age appears to be a hindrance.
“You don’t get told officially but I’ve gone for 22 jobs this month and only got two interviews,” he said. “A few others had strict instructions saying that I currently have to be employed”
Mr Williams had previously been self-employed, running a variety of successful businesses. He said that even applying for jobs at his age can be difficult, with changing technology and changing attitudes.
“I rang a recruiter and said that I was putting in an online application and that I couldn’t find anywhere to put in a cover letter. She said she never reads them anyway.
“Coming back in, technology has changed. I expected that but a lot of the terminology is different too.”
Mr Williams said many of his friends had been in a similar situation and had simply given up on looking for work at their age.
“Friends in my age group, over 50, mostly are just doing volunteering work. They applied for several jobs but just didn’t get any.
“I would like a bit more in my superannuation though. I’m happy to work until I’m 75.
“I’m even starting to look overseas so I can get back into the workforce. At least then I’m actually back in the workforce.”
The research, which involved 1400 participants of varying ages, exposed a number of other negative stereotypes about ageing.
However, it did not state an age at which a person becomes “old”.
Almost 60 per cent of respondents believed mental and physical deterioration were inevitable, 43 per cent associated old age with death and 39 per cent said growing older meant losing independence.
Negative attitudes about the cost associated with ageing also came out in the survey with 19 per cent of respondents saying the amount of money spent on healthcare for the elderly should be rationed.
People aged over 65 who took part in the survey had experienced ageism with 57 per cent saying they’d been told a joke about older people, 38 per cent reporting being patronised and 37 per cent being ignored.
Almost a third of older people said they had been turned down for a job due to their age and 14 per cent said they had been turned down for a promotion.
There were some positive perceptions with 73 per cent of people saying older people had a lot to offer younger people, 65 per cent reporting older people have a strong work ethic and 65 per cent believing older people are responsible.
Almost 80 per cent of respondents agreed that ageism was an important issue.
Australians aged 65 and over comprise about 15 per cent of the population, a proportion set to increase to 23 per cent by 2064, according to data from the Australian Institute of Health and Welfare.
Dr Nowlan said the campaign would work with governments and the private sector over the next 10 to 15 years to address ageism, a form of discrimination that is likely to affect everyone.
As part of the advocacy, the coalition will lobby for a federal minister to represent older Australians.
“We view this as a long-term campaign of the same scope and scale as the NDIS,” she said.
“This campaign is a 10- to 15-year project aimed at shifting views about growing older.
“We have been given this gift of longer, healthier life and we really ought to make the most of it.”
Source: Sydney Morning Herald
If you have an elderly parent, there is a worrying new fraud that you must warn them of, after a number of older Aussies were robbed of their life savings by a particularly complex phone-and-bank scam.
The unusually detailed fraud runs like this: a person telephones, claiming to be from an expensive jewellery store, and warns the victim that their credit card is being used to purchase a particularly pricey item.
The ‘jewellery salesperson’ informs tells the victim that they’re concerned their card is being used fraudulently and warns them to call their bank and the police, and even helpfully offers to transfer them to the police so they can report the crime.
However, the phone transfer is to a fake police officer, who then advises the victim that staff within their own Australian bank are involved in the fraud and that they must not alert them that the gig’s up. Instead, the ‘police officer’ advises the victim to transfer the money they have in their Australian bank account to a UK account via the international bank transfer system, in order to ‘protect’ it from the scammers.
The victim is warned to carry out the transfer without mentioning its purpose to bank staff, whether they do so by telephone or in a branch.
But the UK bank accounts are actually controlled by the scammers, who then make off with the money. Once money leaves Australia, it is difficult to retrieve, even if it is paid into a legitimate UK bank account.
The fraudsters are known to be targeting Australians over the age of 75. And although their ploy may sound implausible, Starts at 60 has been told that a number of older people have sent a significant sum overseas in just the past few days.
UPDATE: Liberal frontbenchers Simon Birmingham and Christopher Pyne have backed the process that delivered politicians a minimum $4000 pay rise from next week, with Senator Birmingham insisting their salaries were kept “well and truly in check”.
Australian politicians have been handed a two per cent pay rise from next Saturday on top of their current $199,040 base salary.
On top of that, they will get a tax cut as the 2 per cent budget repair levy is also due to be removed on July 1.
In justifying the decision the tribunal said it had received submissions calling for salaries more in line with the private sector.
“Over the past year there has been a notable increase in submissions to the Tribunal seeking higher remuneration for offices and individual office holders based at least in part on private sector remuneration,” the statement said.
Mr Pyne said politicians have nothing to do with determining salaries and they’re not in it for the money.
“We do it because it is a wonderful way of helping the society in which we live,” he told the Nine Network
Senator Birmingham said the pay rise came after the minimum wage was bumped up.
“It is an independent process and it was a two per cent pay rise this year, after a pay-freeze that the independent process determined last year. And of course just recently, the minimum pay rise for minimum wage was handed down at 3.3 per cent,” he told Channel Seven.
While he acknowledged parliamentarians were well remunerated Senator Birmingham said they were not there for the money.
“I think you can see the processes working to keep politicians’ salaries well and truly in check, there was a freeze, there’s a lower than the minimum wage as people would think it should be,” Senator Birmingham said.
PM gets payrise
Federal politicians, judges and top public servants will enjoy pay rises of up to $12,000 a year from next week, pushing backbench MPs’ base pay above $200,000 for the first time.
At a time of record low wage growth and rising government debt, the Remuneration Tribunal awarded a 2 per cent pay rise to all senior public office holders yesterday, following another 2 per cent pay rise in January last year.
The latest rise was necessary “to attract and retain” people of “calibre”, the tribunal said, pointing out that minimum wage workers would receive a 3.3 per cent pay rise ($22.20 a week) from next month and public sector wages had increased 2.4 per cent over the year to March.
The boost means backbenchers’ pay, excluding allowances, will rise by just under $4000 to $203,020.
The Prime Minister will get a $10,350 pay rise to $527,854; the High Court chief justice’s base pay will rise $11,461 to $584,511.
“There has been a notable increase in submissions to the tribunal seeking higher remuneration for offices and individual office holders based at least in part on private sector remuneration,” the tribunal said.
It suggested the era of “economic restraint” that saw pay rise deferrals in 2014 and 2015 was over.
Falling private sector wage growth, which earlier this week prompted Reserve Bank governor Philip Lowe to invite workers to ask for a rise, rose 1.9 per cent over the year to March.
The Human Rights Commission president’s pay will rise to $423,650.
Some MPs questioned the pay rise last night. Liberal Democrats senator David Leyonhjelm said: “I think we are already very well paid and don’t need a pay increase at the moment. Given the state of the budget in particular, it’s ill-timed.”
Greens leader Richard Di Natale said “people have had a gutful”. “At a time when income inequality is out of control and wages are going nowhere, politicians get a pay rise,” he said.
Cabinet ministers, currently paid a base salary of $343,344, will get nearly $7000 extra and will now be paid $350,210 a year.
Heads of the 18 government departments in Canberra, who earn up to $861,700 a year, will enjoy pay rises of between $9500 and $12,063, the latter going to the secretary of the Department of Prime Minister and Cabinet.
The tribunal said public office holders were making financial sacrifices. “Office holders serve for the public good (and) many of these office holders do not expect or require that monetary compensation be set at private sector levels,” the tribunal said.
The pay increase will occur as the government’s 2 per cent budget repair levy on top-rate taxpayers end.
“This represents an increase of 1.6 per cent per annum over the 18 months since the last general increase” effective from January 2016, the statement said, noting increases were not granted in 2014 and 2015.
MPs also receive a non-taxable $276 allowance for every night of the 18 weeks a year they are in Canberra.
“This decision is a slap in the face for the thousands of commonwealth public sector workers whose wages have been frozen for well over three years as they’ve been stuck fighting for their basic workplace rights and conditions,” said Community and Public Sector Union national secretary Nadine Flood.
The 170,000 federal public servants have not had a general pay rise since the Coalition was elected in 2013 and have been locked in a battle over renewal of enterprise agreements.
Staff at the Defence Department on Wednesday became the second major department to agree to an enterprise deal which will bring a 6 per cent increase over the next 18 months.
Staff at the Australian Taxation Office and at the Department of Prime Minister and Cabinet are voting on the pay deal today.
“This decision will certainly give frontline public sector workers the impression that there’s one set of rules for them and quite another for those at the top,’’ Ms Flood said.
Public Service Commissioner John Lloyd said Ms Flood’s comments were “misleading”.
“The main reason for the delay in employees receiving a pay increase is the CPSU’s persistent campaign opposing salary increases that have been on offer for 3 years for most of the employees. The increases offered have been for an average 2% a year over a 3 year term,” he told The Australian.
“The generous pay and conditions of public servants are not under threat.”
Source: The Australian
Monday, 16th January 2017
Australian employers are failing to support and engage older workers which is costing them, according to a new study.
Researchers at the University of South Australia and the University of Melbourne surveyed 666 Australian workers between the ages of 45 and 75 over a three-year period about their work experiences.
They found that employers who addressed and invested in older workers reaped significant benefits including a committed, stable and engaged workforce, however many organisations were “far from up to the challenge” and could face problems as the workforce ages and people retire later in life.
Lead researcher, Professor Carol Kulik, a research professor in human resource management at the University of South Australia’s centre for workplace excellence, said age stereotypes were “notoriously persistent” in organisations.
“Mature-age employees [are] commonly perceived to be less productive than their younger counterparts, lacking initiative, disinterested in learning or developing, and resistant to change,” Kulik said.
“Mature-age employees are aware of these age stereotypes and worry that they may inadvertently confirm them. The resulting stereotype threat demotivates mature-age workers and lowers their engagement.
“Our research shows that employers who address older workers’ concerns while also investing in training actually reap significant benefits including a committed, stable and engaged workforce.
“Unfortunately, organisations have been slow to adopt mature-age practices, even though our research shows them to be highly effective in reducing stereotype threat and increasing job engagement among older workers.”
Mature-age workers currently account for 40 per cent of the total Australian workforce and according to latest Australian Bureau of Statistics figures more than four million Australian workers are aged 45 years or older.
Moreover from 1 July, the pension age is set to rise by six months every two years, climbing to 67 by 2023. The government proposes to continue this rate of increase until the qualifying age reaches age 70 on 1 July 2035.
With an increasingly ageing workforce, this latest study Engage Me: The Mature-Age Worker and Stereotype Threat, found it was essential for Australian employers to keep older workers engaged and harness the power of their older workers in order to boost the economy.
Researchers found mature-age workers reported lower stereotype threat and higher engagement when employers had high-performance practices that focused on employee training, rewards, and participation, or had adopted mature-age practices that focused on age-specific training, job design and career-management opportunities.
The high-performance and mature-age practices had independent effects, so workers were most engaged when their organisations invested in both types of practices.
The practices were especially important when mature-age workers reported to young managers, were surrounded by young co-workers or worked in manual occupations where age-related physical declines could be visible.
“Employers and managers need to be aware of the unintended signals that environmental cues send to mature-age workers,” Kulik said.
“Policies crafted to recognise and encourage mature-age workers send consistent, durable signals that lessen those workers’ concerns about negative managerial attitudes and increase their focus on their work.
“Organisations can try to eliminate age stereotypes, but managerial attitudes are stubbornly resistant to change so focusing on management practices may have more immediate – and more enduring – effects on mature-age worker engagement.
“Organisations will enjoy the highest levels of engagement from their mature-age workers when they add age-specific practices to their management practices including training designed to upgrade mature-age worker skills, opportunities to redesign jobs to accommodate mature-age worker needs, and phased retirement programs that allow mature-age workers to ease into retirement.”
The video below outlines the findings: