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Research: Small Firms Best at Handling Aging Workforce
"Great post. I’m the Managing Director of one of Australia’s leading recruitment brands, Ross Julia Ross, and regularly blog about talent shortages across Australia’s industries (www.talkingtalent.com.au) I firmly believe that in Australia we need to re-define what the average daily and weekly job looks like and how it is remunerated so that we hold onto older workers. Research firm, Mercer, says that by the year 2012 the amount of workers in the Australian labour force aged 55+ will increase by 14 per cent while the amount of workers aged 25-54 will increase by only 5 per cent. In industries where work is increasingly based on knowledge-creation, the focus needs to be on the workplace as a key arena for encouraging ‘lifelong learning’ as part of work. Retaining and retraining older workers will save recruiting costs, maintain institutional memory and technical knowledge and give a higher return on investment in training."