Outsourcing as a cure for aging

Granpa and granmaRalph Norris, Chief Executive of Commonwealth Bank, which owns ASB, has told Australians that they can expect more bank outsourcing of jobs, not because banks are trying to cut costs of course, but because everyone is retiring, leaving not enough Aussies to fill the workforce. Speaking to the Institute of Chartered Accountants, Norris said it would be only a few years before the number of people retiring would surpass the number entering the Australian workforce. This would increasingly force companies to look overseas for workers.

(thanks to Tinker*Tailor for the photo)


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