Transitioning Business & People Forum
As the significant cohort of baby boomers start moving into retirement, particularly from 2018, retaining and employing mature workers will be an increasingly smart solution for businesses in the attraction of skills and talent. Over the coming years there will not only be a decreased labour supply, but a sudden loss in skills and experience as increasing numbers of people reach retirement age. Priority One partnered with the Tauranga Chamber of Commerce and Age Concern to host a one day forum that looked at the opportunities and issues of employing mature workers. It also provided tools to help employers and employees undertake the transition that will be required as a result of the ageing demographic. Key take-outs from the forum included the following:
- Being age friendly will be a competitive advantage for organisations and being engaged in work will be good for older people.
- We are likely to look back and see ‘retirement’ as a 20th century anomaly, with a new vision for the 20-30 years we have after age 65.
- Older people are a powerful consumer demographic which should be a target for those developing products and services.
- People will continue to live longer, so it is important that the 65+ stage of life and work is redefined.
- Employers should be considering how to encourage mature age workers to stay on past retirement age, retaining their skills and experience.
To download the full report on outcomes from the forum, visit http://www.priorityone.co.nz/vdb/document/805.