Mature Age

Research shows that Australia’s population is progressively ageing, with the number of young workers entering the workforce on the decline and the average age of workers increasing. This means that it is becoming increasingly difficult for employers to continue to rely on the traditional younger worker pools to fill employment vacancies.

It is now more critical than ever that employers develop employment opportunities to target the older worker market, if they wish to continue their success in the coming years. Those employers who take the initiative now, will gain a significant competitive advantage and reap the long term productivity and financial rewards that come with embracing the mature age worker employment market.

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Benefits of Employing a Mature Age apprentices and trainees

• Mature age workers tend to remain in their jobs longer than their younger counterparts, which has a positive impact on overall recruitment costs.
• Mature age workers bring with them accumulated knowledge, skills, wisdom and experience which can contribute to your business’ bottom line.
• According to the World Health Organisation, people over 45 take fewer sick days than their younger colleagues, which means less unproductive work time.
• With a diminishing pool of talent for employers, mature age workers are the only remaining segment of the workforce in which participation rates can be increased.
• With the general population ageing, it simply makes good business sense to reflect this in your workforce, allowing your business to better relate to this profitable age demographic.

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You may be eligible to attract Australian Government Incentives

In addition to being eligible to attract standard employer incentives of up to $4,000 or even more in some cases, employers may also be eligible to receive the following Australian Government incentives, for employing a disadvantaged Mature Age apprentice or trainee (i.e. a jobseeker who may have been made redundant or is on Australian Government benefits).

Mature Age (45+) Commencement Incentive $750*

Payable as an initial incentive for employing a disadvantaged Mature Age apprentice or trainee

Mature Age (45+) Completion Incentive $750* 

Payable when a disadvantaged Mature Age apprentice or trainee successfully completes their apprenticeship or traineeship

* Must meet certain eligibility criteria.

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