Australia offers $1,000 for hiring of older workers

Misconceptions about mature workers making some employers reluctant to hire
By Amanda Silliker
|Canadian HR Reporter|Last Updated: 05/22/2012

The Australian government has launched an initiative that will pay employers to hire older workers. Starting July 1, employers will receive $1,000 for every worker aged 50 or older that they hire and retain for at least three months.

“We still need to deal with a cultural issue in the Australian business community that sometimes looks past the value of older workers,” said Minister for Ageing Mark Butler in an interview with the Australian Broadcasting Company.

“We know that older workers have lower absenteeism, they have higher retention rates and they bring with them extraordinary wisdom and experience. We just need to push through this barrier that some Australian employers still have.”