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Economic and social impact of ageing workforce in Australia

Governments get a big “F” for employing older workers

Governments, both federal and state, lag well behind the private sector when it comes to employing older workers, a new report reveals.  Using ABS and Census data, the National Seniors Productive Ageing Centre report – Past, present and future of mature

Posted in Australian Economy

Australia’s budding labour market nightmare as participation drops, growth and productivity slow

Callam Pickering makes a very valid point on Australias challenged growth. “Unfortunately the news isn’t great for the Australian labour market. There is little reason for the participation rate to pick-up anytime soon. The first of the ‘Baby Boomer’ generation

Posted in Australian Economy, managing ageing workforce Tagged with:

Australia’s ageing workforce: what businesses can learn from Japan and the US

Great article by Rory Gregg at Grant Thornton Productivity Commission has released important research into the impact of ageing on the Australian economy and workforce. The Productivity Commission is projecting labour productivity growth is likely to average 1.5% from FY2013, and

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In Thailand………..Not so old any longer

The Chinese government announced last week it will soon raise the mandatory retirement age. By 2020, officials now say, both women and men can expect to work five years longer, until they are 55 and 65, respectively. Like many countries,

Posted in Australian Economy Tagged with: , ,

The AGE calls for Early Response to ageing population

EDITORIAL  Australia’s ageing and rapidly expanding population is a massive economic and social challenge. That is the compelling and sobering message from the Productivity Commission, one of the Federal Government’s key sources of policy advice. In a landmark report released

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An Ageing Australia: Preparing for the Future

 A report by the Productivity Commission, An Ageing Australia: Preparing for the Future, has found that Australia is facing a major slowdown in its growth in national income per capita and productivity outlook at the same time that ageing will start

Posted in Australian Economy

These trends are unsustainable as the population ages. PricewaterhouseCoopers Report

Commend this report, not just for giving context to the economic challenges wrought by an ageing population, but also for a lucid analysis of Australia’s economic circumstances. “As our population grows older, fewer people as a proportion of the total

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The ageing workforce dilemma

We all know the statistics, on the one hand we are heading towards an increasingly ageing population whilst the figures also show that by 2025 Generation Y will be making up 75% of the workforce. The combination of increased health

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BOLD WITH THE OLD- You may be getting older, but that doesn’t mean you have run out of energy and ideas. And it is about time companies realised it. By Leon Gettler

You may be getting older, but that doesn’t mean you have run out of energy and ideas. And it is about time companies realised it. By Leon Gettler   With an ageing population, fewer Australians are retiring. More are staying in

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