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Mature age workers can save employers thousands a year

Mature age workers can save employers thousands a year

Mature age staff can save employers thousands a year, compared to their younger counterparts.

It’s not too late for older workers to consider a change in career, with a wide range of mature age apprenticeships available to train up for a new skill.

Employers can benefit from hiring older workers, according to employment participation minister and member for Adelaide Kate Ellis, who says that mature age workers can save their employers thousands of dollars annually.
“Research shows mature age workers save their employer $2,000 a year compared with their younger counterparts because they are more reliable and loyal and provide a greater return on investment,” Ms Ellis said.

Ms Ellis attended the Corporate Champions Breakfast, an event promoting the benefits and government incentives on offer for those willing to recruit older workers in Adelaide.

This event is part of the Experience+ Corporate Champions program which supports employers who commit to moving towards “best practice” in the recruitment and retention of mature age staff, aged 45 years and over.

Employers that are eligible receive tailored support and assistance from an industry expert, valued at up to $20,000.

Some of the support employers have access to include a professional assessment of workforce strategies, recruitment and retention practices, support to access Australian government financial assistance and practical help developing an action plan using the Investing in Experience Tool Kit.

More information on the initiative is available from the Department of Education, Employment and Workplace Relations website.

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