Benefits

A brief overview of organisational and employee benefits of implementing age management strategies are listed below.

Organisational benefits

  • Safe-guarding against a skills/talent shortage
  • Gaining a strategic advantage over competitor organisations
  • Ensuring greater return on investment and lower re-hiring costs by engaging and retaining staff for longer
  • Responding to a diverse customer base and local environments
  • Innovation and risk management through obtaining diverse perspectives
  • Enhanced organisational brand and reputation by being an employer
    of choice
  • Tapping into the networks, talents and experiences of mature workers
  • Retaining corporate knowledge and experience which can also be imparted to other employees
  • Increased morale, loyalty, commitment and job satisfaction enhances productivity and customer service
  • Reducing costs due to sickness/absence

Employee benefits

  • Engagement in the labour market has potential benefits for both physical and mental health
  • Fostering feelings of accomplishment, self-satisfaction and integrity
  • Maintaining social connections and interaction
  • Staying active and engaged in meaningful work
  • Boosting retirement income by lengthening working life to increase superannuation balances

For a more comprehensive discussion of the many and varied benefits to employers proceed to the Business case for age management.

Download the full toolkit here

Every voice counts!
Add yours by joining National Seniors today.

Featured Article