Australia. How to manage the challenges of an ageing workforce
The effects of Australia’s ageing workforce are expected to be so pronounced that the government has budgeted for retraining, but what can human resources do?
Between the tax cuts and promises to return to surplus, one of the centrepieces of the 2018 Budget was increased funding to assist Australia’s so-called ‘greying’ population. The measures include budgeting:
A$17.4 million over four years to establish the Skills Checkpoint for Older Workers Programme; and A$189.7 million over five years to support mature-age workers adapting to the transitioning economy. This update explores the implications of an ageing workforce for employers.
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