Randstad has released its latest Workmonitor report, with 90% of Australians surveyed saying it’s harder for older workers to find a suitable job and 84% are forced to take a job below their education level.
As part of the study, Randstad surveyed 13,000 people worldwide. Of the Australian respondents, 71% claim experience is a more important factor in hiring Gen Y employees than education.
Job seekers under the age of 25 are not finding it much easier, with 69% of Australian respondents saying people in that age bracket are forced to take jobs below their education level.
“Ensuring Australia remains attractive for the best young and mature age talent will be increasingly important for organisations, especially with the economy exhibiting some uncertainty in recent months,” said Steve Shepherd, group director of Randstad. “Employers which fail to invest in talented, young employees or embrace experienced and knowledgeable mature age workers will likely find themselves on the back foot.
“Not only will they be ignoring valuable experience, but they will be hampering the future growth of their business. “
Bucking the age bias was the fact that 77% of Australians surveyed said the hiring of those over the age of 55 would benefit their business. Similarly, 78% believed it would be worthwhile employing under 25s.
“In order to retain and attract the best, organisations need to consider the motivating factors for workers across different age groups,” added Shepherd. “As an example, for mature age workers, being offered flexible working arrangements could be an effective way to attract or retain their skills in the business.
“Likewise, offering strong training and development programs, along with implementing cadetships and other similar programs, can help an organisation target and retain leading young talent in the Australian workforce.”