Business NSW reposted this
Older Australians hold the keys to our future prosperity amid a chronic worker shortage. This week I spoke to Emily Kowal at The Sunday Telegraph about Business NSW’s State of Skills 2024 report, which is calling for an easing of restrictions for over-60s who are looking to re-enter the workforce. More than three in four (77%) of employers are struggling to recruit the staff they need, with nearly 40% expecting negative impacts on their business if the situation persists. Business NSW is calling for an increase in the Federal Government's Work Bonus program limits to help address the skills shortage in the short to medium term. Read the full story here: https://lnkd.in/gvVu7rJM Read our State of Skills report here: https://lnkd.in/gEDbSvBH
This is a critical issue, and I applaud Business NSW for bringing it to the forefront. Tapping into the experience and wisdom of older Australians is essential for navigating the complexities of today's economy. Easing restrictions and incentivising their return to the workforce is a win-win, fostering growth while providing valuable opportunities for those eager to contribute.
This would be a progressive and intelligent move. Over 60s have so much to give and share.
Love this as a very vocal advocate for mature workforce. Ageism is rife and we are missing out on the experience and skills (and wisdom) of my age group.
I agree
Love this,
FCPA GAICD | Independent Director | Strategic Business Leader | Finance Professional | Mentor | Lifelong Learner | Seeking opportunities to drive business strategy
6dWith unemployment at such a low rate, participation rate down and GDP flat, one would think it the easy and obvious answer, but it will only work if there is suitable part time work available. Older workers often look for part time as they want to start enjoying new pursuits, but part time in this country just means menial low paid roles no one else will do. When was the last time you saw an executive or senior role offered as a part time option? I hear so many stories of experienced capable people requesting part time work and being denied, so they just retire. This is a massive loss of experience that could be avoided if business chose to be a little more flexible and creative. Why do we think older people with long executive careers are suddenly only qualified to work on a supermarket checkout, and even worse, why do we act as if they should be grateful for the chance?