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45-64 year olds

45-64 year olds. A brief glimpse. Employment. Labour force participation by 45-64 year olds has increased in recent years - women for a while, men more recently - growth of part-time work. In 2006 (census) 9.6 million people in labour force: 3.3 million were aged 45-64 years (just under 35%)

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45-64 year olds

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  1. 45-64 year olds A brief glimpse

  2. Employment Labour force participation by 45-64 year olds has increased in recent years - women for a while, men more recently - growth of part-time work. In 2006 (census) 9.6 million people in labour force: • 3.3 million were aged 45-64 years (just under 35%) • 1.5 million women • 1.8 million men • 2.1 million were employed full-time (64%) • 185,000 people aged 65-74 were also in the workforce

  3. Unemployment Low unemployment rate, but older workers tend to take longer to find work and more become discouraged • In 2006 around 125,000 were unemployed and looking for work • Men – 71,000 • Women – 54,000 • 82,000 were looking for full-time work • 26,000 women and 16,000 men were looking for part-time work

  4. Occupations • Largest groups of 45-64 year olds are: • Professionals (675,000 ) • Managers (526,000) • Clerical and admin workers (517,000)

  5. Men aged 45-64 • Three main occupations: • Managers (358,000) • Technicians and trades workers (346,000) • Professionals (327,000)

  6. Men aged 45-64 • Largest groups in industries: • Manufacturing (256,000) • Construction (196,000) • Transport, postal and warehousing (150,000) • Public administration and safety (140,000) • For men aged 65-74 the main industry is agriculture, forestry and fishing (18,000)

  7. Women aged 45-64 • Three main occupations: • Clerical and admin (374,000) • Professionals (346,000) • Community and personal service (177,000)

  8. Women aged 45-64 Largest groups in industries: • Health care and social assistance (336,000) • Education and training (227,000) • Retail trade (152,000) • Public admin and safety (97,000) • For women aged 65 – 74 the main industry is Health care and social assistance (11,000)

  9. Skills and qualifications • Higher levels of education attainment are associated with greater labour force engagement • Education attainment is growing • ‘Flow through’ as currently highly educated cohorts age

  10. Quals - men aged 45-64 Three main groups: • A small group of older males with qualifications for associate professional/professional occupations • A larger group with qualifications for a skilled occupation • A much larger group of older males with no formal school or post-school qualifications.

  11. Women aged 45-64 • A very large group of older women with no formal qualifications • A smaller but still large group of women with qualifications for associate professional/professional occupations

  12. Non-school qualifications Of people aged 45-64 (Census 2006): • 260,000 held postgrad diploma or degree • 551,000 held a bachelor degree • 268,000 men, 283,000 women • 255,000 had an advanced diploma or diploma • 896,000 held a certificate • 251,000 women, 645,000 men • 759,000 – cert III or IV

  13. Participation in skills development • Women aged 45-64 tend to participate more than men - consistent with different career stage • Participation by older workers in formal VET has remained stable • Participation in work-related training has increased considerably. However, it is strongly related to full-time employment.

  14. Employer-supported training • Employer support for training declines with age for both women and men.The probability of receiving employer-provided training is highest for workers aged in their late 20s and early 30s and lowest for the oldest members of the workforce. • Employers tend to support training for men more than for women. This may be because a larger proportion of women is in part-time employment.

  15. Formal VET • Older students are about a fifth of all VET students and this proportion has not changed since 2000. • The majority are between the ages of 45 and 54, with only a small proportion aged 55+ years.

  16. Leaving the workforce • Average retirement age last 5 years - 60 years, • males (61.5 years) • females (58.3 years) • Decisions affected by many factors including: • Access to adequate retirement income • Eligibility age for government age pensions • Health • Interests, skills and capabilities • Competing responsibilities • Redundancy • Ability to find appropriate work • Cultural norms

  17. After age 55… Workforce participation still declines substantially. Those most likely to remain at work are: • ‘Stayers’ working for satisfaction • Those working out of financial necessity (Weller 2004).

  18. How to encourage and support workforce participation, especially after age 55 ? • Governments - carrot and stick, programs • Employer attitudes and other barriers • Skills development alone not enough, but can help

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