Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Leaders look at ways to retain older workers

Human Rights Commission
Media Release
03 September 2006

Leaders look at ways to retain older workers

The retention of workers in employment beyond retirement age is a key issue for a workplace leaders’ summit being held tomorrow in Wellington.

The key leaders’ summit has been called by the Retirement Commissioner, Diana Crossan, and the EEO Commissioner, Dr Judy McGregor, and aims to develop practical strategies and actions to increase the number of older workers at a time of growing skills shortages.

The summit will be attended by the CTU, Business New Zealand and industry groups, government departments with an interest in employment such as the Department of Labour and Ministry of Social Development, as well as researchers, community representatives and individual older workers.

“New Zealand will need around 100,000 more people at work in the next twenty years just to stand still and yet older people are often the last to be considered or suffer covert discrimination,” Dr McGregor said.

“We believe that businesses need to be thinking about their age profile and about retaining their mature staff. Baby boomers approaching retirement should be also considering whether they want to continue in paid work and what might make them stay,” Dr McGregor said.

“Ironically New Zealand will need more people aged from 55 onwards to stay in paid work at a time when retirement and early retirement is popular”.

The Retirement Commissioner Diana Crossan said the financial benefits of working longer means that individuals can increase personal income and allow assets more time to accumulate investment earnings. ”Working longer shortens the period over which people have to support themselves with their retirement assets.”

The social benefits relate to the positive impact on social cohesion, on knowledge transfer and on the individual sense of identity and self esteem of mature workers.

“The summit aims to provide a forum for workplace leaders to leverage demographic change and “age proof”New Zealand’s labour market”, Ms Crossan said. “We’re all living longer healthier lives. For many ’70 is the new 50.’”

Employment of the Older Worker Summit, Turnbull House, Wellington, September 4, 2006.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news