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Age - Corporate Responsibility

Age

Our approach

Valuing mature workers

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 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.

2009 results

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

ANZ employees over 55 years of age (30 September 2009)

Employees

Australia New Zealand Asia Pacific India EMEA*
Over 55 years of age 8.80% 10.35% 2.30% 4.40% 0.00% 17.30%
55+ who are full time 57.00% 76.83% 100.00% 98.90% 0.00% 100.00%
55+ who are part time 43.00% 22.41% 0.00% 1.10% 0.00% 0.00%
55+ who are temporary 0.00% 0.75% 0.00% 0.00% 0.00% 0.00%
Annual turnover of 55+ 9.60% 25.22% 3.50% 7.60% 0.35% 0.00%

* EMEA refers to Europe, Middle East and Africa

2008 results

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

ANZ employees over 55 years of age (30 September 2008)

Employees

Australia

New Zealand

Asia

Pacific

India

EMEA*

Over 55 years of age

6.61%

10.66%

1.30%

2.30%

0.25%

11.40%

55+ and full time

57.43%

69.80%

1.30%

2.10%

100.00%

10.80%

55+ and part time

40.76%

29.73%

0.00%

0.30%

0.00%

0.30%

55+ and 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%

* EMEA refers to Europe, Middle East and Africa