Cash incentive to hire mature-aged workers

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Minister for Employment and Participation, Kate Ellis has launched a $1000 Experience-plus Jobs Bonus as part of the Government's $55.3 million investment to help mature-age workers find and keep work.

 “There are over 3.8 million mature-age Australians and many want to work, yet every week I hear stories from many mature-age jobseekers about their frustration in searching for work," said Ellis.

She said the bonuses went beyond the $1000, with mature workers being more reliable, loyal and providing a better return on investment.

“Mature-aged workers can save their employers $2000 a year on average compared to their younger counterparts."

Matthew Ross from Roskow Independent Advisory said $1000 was simply not enough to risk hiring the wrong person.

He said the money would be better off put towards training mature-aged workers how to keep up with technology, because that was their biggest problem.

“I think mature people have got a lot of experience to share but it’s a matter of if they’re happy to do admin work, and if they are, are they savvy on technology?”

“If they’re going to be coming into a financial planning firm admin is the place to be and they’ve got to be quick with technology.”

There are 2500 jobs bonuses available each financial year until 2016, and any business can apply no matter how big or small.

Employers are eligible for the $1000 bonus if they provide ongoing employment opportunities to job seekers aged 50 years and over and who are registered to look for work with a Job Services Australia provider.