Posts Tagged “olderworkers.com.au”

Gold Coast resident Liz Clifford stands outside her garage.
PHOTO

Liz Clifford is selling her house because she cannot keep up with the repayments.

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’

A Centrelink sign

PHOTO Liz Clifford says she uses her fortnightly Centrelink payment to pay off her credit card.

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

Flinders University's Professor John Spoehr is a labour market analyst.

PHOTO Professor John Spoehr says older jobseekers face discrimination and other challenges.

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 stands in front of an army jeep.

PHOTO Adelaide resident and Newstart recipient Phillip Cacciola volunteers at a military museum.

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.”

Source:ABC

Older adults offer leadership and experience, yet are often overlooked in the hiring process with HR instead focusing on millennials. That’s according to Ben Eatwell, CMO at Weploy.

Eatwell added that this is often out of a desire to “nurture the next generation of talent”, but also the satisfaction out of having a major impact on these younger minds.

“That’s quite a long way from retirement! We know diversity positively impacts innovation, culture and profits, but often age diversity has less focus.”

Eatwell said there are many advantages to employing older adults, particularly in positions where experience and leadership are needed. However, this doesn’t seem to be translating into more opportunities for older Australians.

“I think this has to do with trying to fit workers into traditional organisational structures – by exploring more agile, networked and outcome-oriented structures it can not only improve diversity but also productivity.”

Eatwell offers a few tips for HR professionals who want to boost the number of older Australians amongst their staff.

The starting point should always be a “thorough assessment of the recruitment process” to identify and mitigate where age discrimination could arise.

“One of the key traits we assess is learning agility – in a nutshell, the ability to pick new ideas up quickly,” he said.

“Research suggests that although you can make small improvements to your learning agility, it is more or less fixed and is not dependent on age.”

Consequently, choosing candidates based on learning agility can help add some objectivity to the hiring process.

From there it’s about developing a culture of lifelong learning. Mature employees have a huge amount of experience to share which can be “leveraged to increase overall productivity and morale”.

“Also I’ve seen reverse mentoring work very well, reducing knowledge gaps with both younger and more mature workers, as well as improving organisational culture.”

So what is lost by having nobody senior around?

“Often it’s the times of crisis when calm is needed, or when team morale is affected by a failed project, that age diverse workforces show critical value,” said Eatwell.

“We do a lot of ‘learning by doing’ and that includes what to do when things do not go according to plan.”

Eatwell added that leadership is a quality that is not tied to age, but the “reassurance of someone who has seen a crisis and worked through it to tell the tale” can be invaluable in making sure the right work gets done in these high-pressure moments.

Sometimes, the only senior person on a project is the boss, and employees are reluctant to confess an error that can lead to disaster if unaddressed, he added.

“Having a senior member of the workforce who can act as that neutral-confidant, and know what to do with the information, has considerable value.”

Employees from diverse ages have different experiences, perceptions and approaches when it comes to things like problem-solving, decision making and task handling, he said.

“They can also use various strategies – starting from the way they think, plan and execute tasks, which can influence operations in a more subtle, but still valuable way.”

Source:hcamag.com

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.

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.

What role does the C-suite play in capitalizing on longevity? How can individuals adjust?

U.S. employers and policymakers can learn from Japan, Germany and Singapore

Have you ever heard the term “super-aged country?” I hadn’t until I read the just-released Gerontological Society of America (GSA) report, Longevity Economics: Leveraging the Advantages of an Aging Society. The term means that more than one in five people in a country is 65 or older. Japan and Germany are super-aged; by 2030, United Kingdom, France and Singapore will be. So will the United States, raising the question: Why aren’t U.S. employers and the U.S. government adapting policies so more Americans 65 and older can keep working if they’re healthy and interested?

Our businesses and policymakers, it turns out, might do well to follow the lead of super-aged Japan and Germany and soon-to-be super-aged Singapore, based on my reading of the report from GSA and Bank of America Merrill Lynch. The study about what the GSA calls “this longevity era” was produced by a workgroup chaired by Peter Cappelli, director of the Center for Human Resources at the Wharton School at the University of Pennsylvania.

American employers “haven’t done much of anything to reach out to older workers, let alone accommodate their interests and priorities,” Cappelli told me. “People have to work longer because we’re living longer. So how do we accommodate that?”

Below are a few ways the GSA report says Japan, Germany and Singapore have changed their workforce and governmental policies to keep and attract older workers. “The idea in all these places is to get employers to think about the way to deal with human capital needs,” Cappelli says. A word of warning — one way older people are able to keep working in these countries is by accepting pay cuts.

Japan

The number of employed people age 65 and older in Japan recently hit a record 8.07 million. They now comprise roughly 12 percent of Japan’s workforce, which is a record there, too. And three-quarters of Japanese people aged 60 to 64 are still working (by contrast, only 60 percent of Americans that age are).

One reason many Japanese workers now remain employed past the country’s traditional retirement age of 60 is that the eligibility age to receive a Social Security-like retirement pension from the government is rising. It’s now 62 and will hit 65 in 2025.

Another reason why more people are working longer in Japan: the Japanese government is now requiring companies to employ their workers through age 65 if they want to keep working. The catch is that the older workers must still “retire” at 60; then they return to work under a “continuous employment” policy at a much lower salary. Japanese salaries at age 61 are about one-fourth less than before the worker turned 60, the GSA report notes.

A public-private partnership called the Silver Center Workshops helps retirees find part-time jobs, too. There’s also a catch here, though: the jobs are low-paying — roughly $400 to $500 a month (in U.S. dollars) and in low-skilled areas like housekeeping, park maintenance and bike repair.

“It’s outplacement for older individuals,” says Cappelli. “In Japan, it’s now less about keeping people working at the same companies longer and more about trying to get them into alternate jobs and to do other kinds of things.”

Germany

Germany has also been incentivizing older residents to work longer by pushing back the federal retirement age — it was 65 in 2012 and will be 67 in 2029.

But the country has an intriguing program designed to let people continue working, as well. It’s called “Initiative 50 Plus” and provides training and lifelong learning to older people. Older workers who accept positions with lower salaries get a temporary subsidy for doing so.

“They’re trying to encourage individuals not to retire and to make it attractive to keep working,” says Cappelli.

Singapore

Singapore has been especially proactive towards older workers, but that’s because the country hasn’t had much choice. While only 7 percent of residents were over 65 in 1999, 20 percent will be that old by 2026. So Singapore’s leaders have developed a 70-item initiative to make the country what they call “a nation for all ages.”

Last year, legislation kicked in that “encourages older workers who want to stay employed to do so,” the GSA report says. In Singapore, employers must generally offer re-employment contracts to eligible employees at age 62 and the contracts must be renewable every year until 67. If a company can’t offer a position to an eligible employee, the report notes, it must transfer the obligation to another employer or offer a one-time assistance payment.

But if your company does want to keep you, “everything from the prior job is off the table,” says Cappelli. “Your prior job is finished, whether you were the CEO or an hourly worker. Your old pay doesn’t matter now. Your new rate of pay reflects your real productivity.”

Singapore is effectively telling its older workers, says Cappelli, “You want to keep working? OK, but you can’t just be the boss because you’re older.” And managers, Cappelli says, are being told to “manage these older workers in a different way and be respectful of their experience, but to hold them accountable.”

How well is it working? “The problem with Singapore is you never know,” says Cappelli. “They could tell you it’s working great and you never know for sure.”

Last month, what’s known as a tripartite standard from Singapore’s Tripartite Alliance for Fair and Progressive Employment Practices began encouraging age-inclusive workplace practices, benefiting employees 60 and older. So far, 160 employers have signed on.

Said Singapore’s Second Minister for Manpower, Josephine Teo: “The new standard will support older Singaporeans to work as long as they are willing and able to, in jobs that are safer and smarter in a work environment where they feel valued and where their needs are addressed.”

Marriott Tang Plaza Hotel Human Resources Director New Kheng Tiong, a fan of older workers, just hired Chua Ai Gek, 67, as a bar assistant there. “Mature workers tend to be a bit more loyal and punctual,” he told Channel News Asia.

The United States

The GSA report stopped short of making policy recommendations for the U.S. government or for employers. It did say, however, that Congress should look at the tax law to incentivize older workers to remain employed and that employers should implement “aging-friendly policies.”

The cloud hanging over all this here, of course, is age discrimination by employers. “We’re fighting some headwinds,” says Cappelli. “I don’t know that we’re making a ton of progress.”

He’s right. But that could change if employers and the U.S. government wise up, especially as America becomes super-aged. By 2035, for the first time, there will be more Americans who are 65 and older than ones who are under 18. As the GSA report says: “Demography is not destiny. The way people and countries respond to an aging society will determine the future.”

Here are what the Gerontological Society of America says are the “realities” of an aging society:

Source:nextavenue.org

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.”

Source: www.afr.com.au

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.

Source:HR Grapevine

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.

 

Source: Startsatsixty.com.au

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

Australians approaching retirement age are braced for declining living standards under a system in which the rich have done better from superannuation rules, leaving the rest with insufficient savings or languishing on inadequate age pensions, a survey has found.

Many now back “root and branch” reform to address the problem, including calculating the family home in the age pension asset test and reducing the generous tax concessions for superannuation contributions by the well-off.

As the Turnbull government prepares to unveil its first budget, a survey of over 4000 Australians aged between 50 and 70 found this critical group of voters is profoundly nervous about the future, unconvinced about financial security and more inclined to reform than previously thought.

The online survey, conducted by the YourLifeChoices website, received 4004 responses to its 21-point questionnaire, conducted in the shadow of the politically pivotal 2016 federal budget to be tabled on May 3.

The results suggest the nation’s 5.5 million Baby Boomers are not the fixed conservative bloc that is sometimes assumed, and that worsening financial circumstances mean many would back policy options previously ruled out.

Among the findings is that 60 per cent of respondents either agreed or strongly agreed that a family home, if valued above $2.5 million, should not be excluded from the pension eligibility assets test.

“Perhaps the most surprising result in the survey, and contrary to expectation, is that the family home is no longer considered sacrosanct when it comes to the age pension assets test,” said publisher Kaye Fallick.

There is also support for changes to superannuation rules, suggesting super is not the political kryptonite it had been, as Boomers worry about the system’s financial sustainability and the need to protect fairness.

While many want a moratorium on changes, two-thirds of respondents believe reform of the superannuation system is required to wind back generous tax concessions, because they provide a disproportionate advantage to high income earners who are able to channel significant amounts of pre-tax income into their super accounts at a greatly discounted rate – thus costing the budget billions of dollars.

“Older Australians are not averse to change nor overly protective of all retirement assets and tax advantages, as much current ‘generational warfare’ hype might lead us to believe,” Ms Fallick said.

Sixty-seven per cent described changing the concessional rules on the accumulation phase of superannuation as something with which they either agreed or strongly agreed. Just 15 per cent classified the issue as not very important to them or not important at all.

The survey result suggests Labor is on to a winner with these voters with its policy of doubling from 15 per cent to 30 per cent the rate at which super contributions are taxed for those earning more than $250,000 a year. Currently the 30 per cent rate kicks in on contributions for those earning above $300,000.

Fairfax Media has reported that the government was considering going further than Labor in its pre-election budget by reducing the threshhold for the 30 per cent to $180,000, but that plan looks to have been dumped in favour of the $250,000 threshhold.

Underpinning the survey is a strong concern about the adequacy of the retirement system generally, with 82 per cent agreeing or strongly agreeing that the “root and branch” review is necessary.

By contrast, last year’s budget decision to continue pushing out the pension eligibility age from a projected 67 in 2023 to 70 by 2030 attracted strong opposition at 68 per cent.

But while Labor was onside with older voters on more heavily taxing super contributions for the well-off, its proposal to tax super earnings at a concessional rate for earnings above $75,000 in a year was not favoured – despite its negligible impact on all but the wealthiest superannuants.

Sixty-eight per cent disagreed or strongly disagreed with taxing earnings at all.

With negative gearing set to be centre stage in the election contest, respondents were locked at 41-41 on Labor’s policy of limiting the tax concession to apply solely to newly constructed homes.

Source: The Age

1 2 3 9