Age - Corporate Responsibility

Age

Valuing Mature Workers: Our Approach

At ANZ we aim to create a culture where mature aged workers and their experience are valued. We want to retain skills and experience, increase our talent pool, and build a workforce that reflects our customers and the community.

We were the first Australian company to introduce a Career Extension Policy guaranteeing part-time work for employees aged 55 and over, and in 2006, we were recognised as a mature age champion by the Federal Government.

Career Extension Program

We recognise that the traditional approach to retirement - stopping full-time work to become a full-time retiree - may not be the right solution for everyone. Drawing on Flexibility Options available to all staff, we have identified three options to assist mature age lifestyle decisions:

Rejuvenate your career with flexible leave options such as lifestyle leave, flexible long service leave and career breaks
Rebalance your work to suit your life with options such as job sharing, working offsite, and working part-time or on a cyclical or seasonal basis
Reshape your career, taking a gradual approach to retirement and changing pace through exploring different roles

Progress in 2008

We continue to track globally the number of employees aged 55 years or over.

ANZ employee over 55 years of age:

	Australia	New Zealand	Asia	Pacific	India	EMEA
Employees over 55 years of age	6.61%	10.66%	1.30%	2.30%	0.25%	11.40%
Employees 55+ who are full time	57.43%	69.80%	1.30%	2.10%	100.00%	10.80%
Employees 55+ who are part time	40.76%	29.73%	0.00%	0.30%	0.00%	0.30%
Employees 55+ who are temporary	1.81%	0.47%	0.00%	0.00%	0.00%	0.30%
Annual turnover of 55+	15.92%	12.69%	21.05%	10.64%	51.06%	9.20%