Issues of Ageing Population in Australia

This presentation discusses the issues of ageing population in Australia, including the impact on the healthcare industry, shortage of workers, reduces capital investment, lack of competencies, stakeholder perspective, challenges and opportunities, ethical responsibilities, and recommendations.

Ageing population

Issues of ageing
population
The aging population in Australia is becoming a severe issue
in people lives and the population becomes elder, which are
the most substantial demographic events in the country
nowadays.
This issue is not limited to the country to city as it is an
international concern involving Australia and other countries
also (McCann, 2017).

Developed industrialized societies are growing
older
 It is stated that societies are growing older, which is significantly a major issue
in Australia.
 It apparently means that there is a very less number of working-age people in
the country.
 This also leads to a decrease in productivity, reduced international
competitiveness, increase in the cost of health care, and expansion of the
business (North and Fiske, 2015).

Impact of an ageing population on aged health
care industry
 It is stated that the ageing population is
influencing the health care sector and
presents many challenges to government
spending, labor market, government tax,
and the whole economy.
 It can cause a straight impact on the
growth of the expenditure on health by
influences of resource and additional
health (Wright, 2015).

Cont..
1. Shortage of workers –
 It is stated that an ageing population in Australia could lead to a shortage
of personnel and probably push up wages producing wage inflation.
 However, they have to also face financial pressure as the business is
growing over the past few years, which is to be constant so as elderly
population maintaining demand for its facilities (Radford, Shacklock and
Bradley, 2015).

Cont..
2. Reduces capital investment –
 It is stated that the ageing population reduces the capital investment
of the country.
 Higher savings for pensions might decrease capital investment of the
country.
 It is now transforming into a major problem as it is influencing the
entire economy, which creates a misbalance in growth and
productivity of the country (Deeming and Smyth, 2015).

Cont..
3. Lack of competencies-
 It is stated that Australia is growing in every possible sector,
which is growing in every sector also involves ageing population
as the elderly population providers deal with various issues
related to the lack of competencies in the health care industry.
 This leads to a decrease in economic development and income
for young personnel (Wanberg et al., 2016).

Stakeholder perspective
 Various stakeholders stated concerns
related to the approach towards the
consciousness of elderly care people.
 Those specific matters are raised, which
are associated with the segment where
the lack of knowledge and belief of the
older care interventions as they have
negative perspectives towards these
people in the industry (Lopes et al.,
2016).

Cont..
 There is an associated exposure for healthcare as the
stakeholders’ faces challenge as social and financial
challenges as it will cause a widening effect on productivity
and an immense burden on taxation of the working
population.
 They also suffer increased rates of mortality and morbidity,
which attributed various scopes of complexities (Hu et al.,
2015).

Challenges and opportunities
The challenges, which are faced as-
 Lack of Infrastructure
 Lack of Social support
 Economic Dependency (Skinner, Cloutier and Andrews, 2015).
Opportunities-
 They should make a more diverse workforce.
 They should mitigate future development demand to safeguard the
quality of life in this segment of the population.
 They should make a positive contribution and deliver potential and
substantial economic benefits (Baig et al., 2017).

Cont..
1. Lack of Infrastructure-
 The lack of infrastructure is another
challenge that is constantly developing in
Australia as various elder people will need
better access to infrastructure in the future.
 Lack of physical infrastructure is a main
preventive factor to give comfort to the
elderly people. They also need to get
proper homes to spend their lives in a
peaceful manner (Menec et al., 2015).

Cont..
2. Lack of Social support-
 The lack of social support is another
challenge or issue that is experienced by
elderly people in the health care sector and
providers of Australia.
 It is stated that people in Australia are
more self-dependent and vulnerable due to
less spending on social security framework
and modernization in the industry (Frost,
Meyer and Schwartz, 2016).

Cont..
3. Economic dependency-
 Another challenge, which is faced by older
people in Australia, is an economic
dependency.
 It is stated that around 85% of elderly people
have to depend on others for their day-to-day
expense and maintenance.
 Elderly people probably do not have
economic as well as financial protection in
Australia (Bloom, Canning and Lubet, 2015).

Opportunities
1. They should make a more diverse workforce-
 They should attract and retain more employees involving
women as in many countries organizations will need to make
sure their workforce is to be diverse.
 It should also include ethnic minorities, as they need to attract
more employees to shape their intervention towards the global
economy (De Lange, Kooij and Van der Heijden, 2015).

Cont..
2. Mitigate future developing demand-
 They should provide an opportunity for resolving future
developing demand for health and social care services.
 This can be provided to achieve the quality of life and
improve the quality of life and well-being of an ageing
population, which decreases the demand for institutional
and expensive services (Henchion et al., 2017).

Cont..
3. They should provide economic benefits-
 They should make a positive contribution towards taxable
employment of elderly people, which can maximize their health
care and equality.
 They should also deliver potential benefits to decrease health
inequalities and well-being of the elderly population.
 This can continue to enable trust and fosters associations with the
organizations (Gonzales, Matz-Costa and Morrow-Howell, 2015).

Cont..
 It is stated that ageing drives the community to make them
understand about human and economic potential.
 The community cannot bear its living standard when a
rapidly developing population of its associates relies on the
contribution from others.
 They need to make realize people of Australia through health
care framework (Marešová, Mohelská and Kuča, 2015).

Ethical responsibilities in relation to aged care
 The firms should support diversity in our
society and hold a multi-cultural
approach to attain the dignity, respect,
recognition, and potential of each
customer.
 It is a right of every elderly people to
freedom, safety, security, and life.
 They should also provide a framework for
ethical decision-making and solve ethical
dilemmas (Bennett et al., 2015).

Cont..
 They should also promote and maintain elderly people values,
interests, principles, and welfare in order to maximize benefits.
 It is the right of every elderly people to privacy, security, and
principle of carefulness to meet their requirements.
 They should provide the right of each elderly people to safety
and maintains to balance their need for the sake of benefit
(Stasinopoulos et al., 2018).

Recommendation
 The associates provide the commitment to home
care for older people.
 They should increase in resources allocated for
the safety and care of older people.
 They should have made finance to afford better
safety and protection to elderly people.
 They should concentrate on independent daily
living, pension, and maintaining opportunities for
elderly people (Vryonides et al., 2015).

Cont..
 They should ensure governmental leadership, promote,
and maintain the social care needs of elderly people.
 They should provide sufficient facilities and maintain
according to the needs of elderly people.
 They should promote financial, emotional, and social
integration among young and elderly people (Brauer et
al., 2015).

References
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