Harness the ‘power of age’ at work
- WYZA Life
Age discrimination in the workplace is a hot topic. A few weeks ago when we ran the article, 'Age discrimination in the workplace and how it affects you' - it created a storm of opinions.
"I want to know why I miss out on work, when I'm more than qualified for the work. The recruitment company pick an unqualified person instead. Is it my age? I can still work as hard and fast as a 30 to 40 year old but don't get the chance to prove it." – Malcolm, 59
"This is a huge issue and needs to be addressed by State Government with giving some form of tax relief or financial incentive for companies to hire mature workers." – Chris
"My issue is not necessarily problem with age in the workforce but a problem as to get into a viable and sustainable employment in the workplace because of my age. I have certain skills, over six years, on a government allowance which carries a 60% deaming factor to every (dollar) I earn. Who wants to employ me full time with dignity and respect to my age, opportunities, lived experience and without hash expectations?" – Maggie
We asked Lisa Annese CEO at Diversity Council Australia to share her expertise and thoughts on the current state of age discrimination in Australia.
- Age discrimination in the workplace and how it affects you
- How to get a good job after 50
- Don't let age slow you down
The release of the Intergenerational report in March this year catapulted me into a state of confusion.
Only the night before, I had been at the Australian Human Rights Commission launch of their corporate toolkit where they played the short video shown above, which was developed by the Age and Disability Discrimination Commissioner, the Hon Susan Ryan AO.
'The power of oldness' is the latest campaign by the AHRC
The above video is not only thoroughly entertaining but it also dispels some of the myths about the capability of people in their more mature years. However, the quirky video also revealed a sinister reality – that mature age workers face substantial discrimination and other barriers to fully participating in the workplace.
The Intergenerational Report has projected life expectancies to increase to 95.1 years for men and 96.6 years for women by 2054-55. It also projects labour market participation rates among those aged 65 and over to increase from the current rate of 12.9% to 17.3% in 2054-55.
But until we tackle widespread ageism, is this increase really possible?
For most people, paid work is an incredibly important part of their lives. Not only does it provide a pathway to financial security but it also provides social interaction. It can contribute to improved self-esteem, mental and physical health and life satisfaction. Yet the Australian Human Rights Commission has reported that age discrimination was most likely to occur in the workplace, and that more than a third of Australians aged 55+ years have experienced age-related discrimination.
Dishearteningly, the Commission also found that younger business decision makers are the most likely to hold negative views of the workplace capabilities of older workers. In the context of an ageing population and an ageing workforce, this type of stereotyping is very problematic.
Age discrimination in the workplace starts as early as the age of 40
All of this is despite the fact that we know employing older workers can bring a range of benefits both to our workplaces and to the national economy. For example, increasing the labour participation of women throughout their working lives is estimated to have a major impact on the national economy.
Economist have noted the major impact that increasing the participation of older women would have on the economy. Modelling by the Productivity Commission indicates that increasing older women’s labour participation rates to match men’s could increase per capita GDP growth to 2044-45 by 1.5%.
Research by the Grattan Institute has found that the combination of increased labour participation by women and older people could grow GDP by $50 billion over the next decade.
For older women, continued workforce participation throughout their later years is especially important as their retirement savings are likely to be much less than men’s. Men have an average super payout of $198,000, while women average $112,600 due to the increasing gender pay gap and time out of paid work to accommodate caring responsibilities.
There are clear benefits to our economy if a focus is kept on ensuring increased labour market participation by our 'older workers'
But what other benefits can older workers bring to our workplaces?
Older workers often have significant knowledge and skills that they accumulated over their time in the workforce, and can assist employers and their colleagues to:
- look at business operations from a different perspective
- improve business processes
- fill many skill or knowledge gaps
- provide mentoring to less experienced employees
- train other employees by sharing skills.
So how can we start a positive conversation in workplaces around engaging older workers and removing bias and discrimination against them?
Diversity Council Australia has conducted extensive research into labour market issues affecting mature age women and what employers can do to attract and retain older women.
In our report, Older Women Matter, a framework is laid out to positively support women into improved workforce participation. This framework (see below) provides a set of guided principles around productive employee engagement, workplace flexibility and the removal of structural and cultural barriers.
Employers can implement a range of initiatives to better support mature age works, in particular older women. But first we need to stop thinking negatively about older workers and start appreciating the enormous potential and value that older workers bring to workplaces across the country. Then we can truly harness the power of age.
(Video source: Australian Human Rights Commission)
What are your thoughts on age discrimination in the workplace? Join the conversation below. . .