Mature age workers – those aged 50+ – bring a wealth of experience and reliability to your workplace. Often you will find them to be more responsible, more level-headed and more loyal to your business in the long-term.
6 reasons to consider mature age workers for your business
1. INCREASE ROI
Hiring can be costly, not to mention the amount you invest in wages for your staff. With a mature age hire you’re recruiting someone with years of experience navigating the workplace. This means a better return on investment (ROI) for your business.
2. LONG-TERM COMMITMENT
Mature age workers are far more likely to commit to your business for the long haul. In fact, studies show that workers age 55+ are five times less likely to change jobs than a worker under the age of 25. This is good news for your company as you’ll save time and money on recruitment.
3. MORE LIFE EXPERIENCE
Your mature age hire might not always bring specific industry experience with them. But most will bring a lifetime of workplace and interpersonal skills. Skills such as patience, respect and communication are all invaluable to a business – and your mature age hire is likely to have those in spades.
4. IMPROVE DIVERSITY
Increasing diversity with a mature age hire can also help improve your standing in the community and with your customers. Diversity is a highly valued trait when it comes to attracting new clients and better talent to your organisation. As a result, you will have the opportunity to market yourself more effectively.
5. ACCESS TO A NEW DEMOGRAPHIC
With Australians aged between 45 and 64 owning half the country’s household wealth – that’s a lot of buying power! Remember that employing a mature age worker can bring an entirely new perspective to the table. This might come in handy for developing your marketing approach to this valuable demographic.
6. WAGE SUBSIDIES
Finally, hiring mature age workers brings many benefits to your business, including potential access to wage subsidies. It could be a nice extra bonus for your business!