Australia needs a lively market rethink
Australia needs to engage its older
workers many people think older workers
are over the age of sixty because some
people think when do you reach the end
of your career you become redundant but
how old our older workers in 2000 there
were 55 years or plus today in 2018
you’ll be quite surprised there 45 years
and plus it is where employers consider
older workers too old for promotion too
old for training or even too old to
bring back into the workforce if you are
over 45 and you have lost your job you
are in the hardest age bracket to get
another job this is the unone derful
world of job ageism ultimately older
workers are locked out of the job market
let me share some facts about job ageism
and older workers in 2020 which is not
that too far away 4 in 10 workers over
the age of 45 will be out of work what
we need is a what we need is a new
political mindset with social innovators
think tanks and industry leaders who
will challenge the short-term political
mindset and actually change it into long
term Workforce Planning
just imagine what Australia could
achieve with just 5% of these workers
coming back into the workforce into full
employment that would mean an extra six
hundred twenty-five thousand workers in
the economy would be boosted by 48
billion dollars this would provide the
federal government and cash bonus that
could be used to
decrease homelessness increase health
outcomes support our farmers and also
out country towns let me share with you
also what this re-engagement means for
the economy Australia success has been
built on the structural reforms of the
1980s and the 1990s and this has helped
us to avoid the Asian financial crisis
the global dot-com crisis and all the so
the global financial crisis since 1992
which is 26 years Australia has had the
long period longest period of economic
growth that’s a hundred and four
financial quarters which is fantastic
but during this time of growth business
has overlooked the one vital asset that
older workers can offer the workplace
and that is workplace wisdom so
workplace wisdom is real life experience
job expertise and the resilience in
turbulent times but on top of that older
workers also bring well-developed scoot
leadership skills job rich communication
skills and also strong Association and
network ties so as business has shown
the workplace wisdom of older workers
business is now reporting that
inexperienced workers within the
workplace are now providing incorrect
advice to other workers due to the fact
that older workers are absent from the
workplace this has made impacts on
business reputation and also on business
achieving success at all so Australia’s
prosperity if business made a few minor
changes to their employment structure
and processes the benefits to the
but the main thing here is the benefits
are not only for older workers or for
the organizations that employ them the
benefits are also for you too let’s
think of the concept of a shorter
working week there have been strong
moves in New Zealand Tasmania the US and
Europe are moving to a 30-hour week with
great success and business is now
reporting benefits to older workers and
also to workers themselves in a recent
analysis of productivity in New Zealand
it has shown that workers working a
four-day week feel better about their
job and more engaged are more productive
I’ve got a better work-life balance and
most importantly are receiving the same
wage so imagine what could be achieved
by Australia since one in four workers
are now reporting they’d like to move to
a shorter hour working with older
workers would be able to take up the
extra ten to twenty hours and also any
increase in productivity it may be a
giant leap forward to the year of 2025
but the workforce will look differently
for Australia there’ll be two main
benefits will be increase in quality of
working conditions for a worker but most
importantly the quality of family life
will be improved as Australia moves to a
30-hour working week there’ll be an
increase in demand for older workers and
their skills and there be a seamless
transition this is no different to
Victoria where the workers in 1865 1856
sorry actually fought and won for an
eight-hour day and the wait has remained
the same
also there was a major workforce
transition in the 1980s in Australia
where great strides were made for paid
maternity leave for working women
and now 39% of those women who are
let’s think of another concept of older
workers in multi-generational work teams
within Australia yes it’s fantastic and
will help drive the economy there is a
positive Drive at the moment within the
workforce for diversity but the
underlying factor of age has not been
addressed Australia needs to reconnect
with its older workers to bring about
benefits to the economy in according to
a recent global survey across 45
countries workers reported that they
would rather prefer an inclusive
approach to the recruitment of talent
because I could see the benefits to
business outcomes it also was reported
all showed that eighty percent eighty
six percent of workers preferred to work
in multi-generational work teams and
also 85 percent say that an age-based
diverse team helps in solving problems
and solutions finally it also reported
only nine percent of those businesses
had aged as part of their inclusion and
diversity strategy imagine the impact
that would have for Australia it would
be enormous
we would have four generations working
together with a mixture of pre and post
digital native skills each bringing in
their own unique skills to the workplace
but the question I’d ask is an important
question is why do we need a workforce
with would include older workers why is
it important in today’s many startups
which are headed assumingly by
20-somethings with boundless energy and
creating online apps and also online
businesses but in fact experience is
needed in these areas in a recent survey
it was reported that the average a toast
Creators was 42 and in another research
paper it was reported that programmers
the average age was 51 who brought in
immense range of skills to their
business but the important point to make
here is that business will benefit from
four generations not just from the older
worker four generations coming in
working together to drive the economy
say looking towards the future to a new
labor market mindset will see four
generations working together to drive
the economy ultimately benefits there
will be three benefits firstly improved
working conditions for the worker
improve family life and also creating a
future for older workers
[Applause] [Music]
Australia needs to engage its older
workers many people think older workers
are over the age of sixty because some
people think when do you reach the end
of your career you become redundant but
how old our older workers in 2000 there
were 55 years or plus today in 2018
you’ll be quite surprised there 45 years
and plus it is where employers consider
older workers too old for promotion too
old for training or even too old to
bring back into the workforce if you are
over 45 and you have lost your job you
are in the hardest age bracket to get
another job this is the unone derful
world of job ageism ultimately older
workers are locked out of the job market
let me share some facts about job ageism
and older workers in 2020 which is not
that too far away 4 in 10 workers over
the age of 45 will be out of work what
we need is a what we need is a new
political mindset with social innovators
think tanks and industry leaders who
will challenge the short-term political
mindset and actually change it into long
term Workforce Planning
just imagine what Australia could
achieve with just 5% of these workers
coming back into the workforce into full
employment that would mean an extra six
hundred twenty-five thousand workers in
the economy would be boosted by 48
billion dollars this would provide the
federal government and cash bonus that
could be used to
decrease homelessness increase health
outcomes support our farmers and also
out country towns let me share with you
also what this re-engagement means for
the economy Australia success has been
built on the structural reforms of the
1980s and the 1990s and this has helped
us to avoid the Asian financial crisis
the global dot-com crisis and all the so
the global financial crisis since 1992
which is 26 years Australia has had the
long period longest period of economic
growth that’s a hundred and four
financial quarters which is fantastic
but during this time of growth business
has overlooked the one vital asset that
older workers can offer the workplace
and that is workplace wisdom so
workplace wisdom is real life experience
job expertise and the resilience in
turbulent times but on top of that older
workers also bring well-developed scoot
leadership skills job rich communication
skills and also strong Association and
network ties so as business has shown
the workplace wisdom of older workers
business is now reporting that
inexperienced workers within the
workplace are now providing incorrect
advice to other workers due to the fact
that older workers are absent from the
workplace this has made impacts on
business reputation and also on business
achieving success at all so Australia’s
prosperity if business made a few minor
changes to their employment structure
and processes the benefits to the
but the main thing here is the benefits
are not only for older workers or for
the organizations that employ them the
benefits are also for you too let’s
think of the concept of a shorter
working week there have been strong
moves in New Zealand Tasmania the US and
Europe are moving to a 30-hour week with
great success and business is now
reporting benefits to older workers and
also to workers themselves in a recent
analysis of productivity in New Zealand
it has shown that workers working a
four-day week feel better about their
job and more engaged are more productive
I’ve got a better work-life balance and
most importantly are receiving the same
wage so imagine what could be achieved
by Australia since one in four workers
are now reporting they’d like to move to
a shorter hour working with older
workers would be able to take up the
extra ten to twenty hours and also any
increase in productivity it may be a
giant leap forward to the year of 2025
but the workforce will look differently
for Australia there’ll be two main
benefits will be increase in quality of
working conditions for a worker but most
importantly the quality of family life
will be improved as Australia moves to a
30-hour working week there’ll be an
increase in demand for older workers and
their skills and there be a seamless
transition this is no different to
Victoria where the workers in 1865 1856
sorry actually fought and won for an
eight-hour day and the wait has remained
the same
also there was a major workforce
transition in the 1980s in Australia
where great strides were made for paid
maternity leave for working women
and now 39% of those women who are
let’s think of another concept of older
workers in multi-generational work teams
within Australia yes it’s fantastic and
will help drive the economy there is a
positive Drive at the moment within the
workforce for diversity but the
underlying factor of age has not been
addressed Australia needs to reconnect
with its older workers to bring about
benefits to the economy in according to
a recent global survey across 45
countries workers reported that they
would rather prefer an inclusive
approach to the recruitment of talent
because I could see the benefits to
business outcomes it also was reported
all showed that eighty percent eighty
six percent of workers preferred to work
in multi-generational work teams and
also 85 percent say that an age-based
diverse team helps in solving problems
and solutions finally it also reported
only nine percent of those businesses
had aged as part of their inclusion and
diversity strategy imagine the impact
that would have for Australia it would
be enormous
we would have four generations working
together with a mixture of pre and post
digital native skills each bringing in
their own unique skills to the workplace
but the question I’d ask is an important
question is why do we need a workforce
with would include older workers why is
it important in today’s many startups
which are headed assumingly by
20-somethings with boundless energy and
creating online apps and also online
businesses but in fact experience is
needed in these areas in a recent survey
it was reported that the average a toast
Creators was 42 and in another research
paper it was reported that programmers
the average age was 51 who brought in
immense range of skills to their
business but the important point to make
here is that business will benefit from
four generations not just from the older
worker four generations coming in
working together to drive the economy
say looking towards the future to a new
labor market mindset will see four
generations working together to drive
the economy ultimately benefits there
will be three benefits firstly improved
working conditions for the worker
improve family life and also creating a
future for older workers
[Applause] [Music]
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