Accommodating an Aging Workforce

 
 

findings_elderly

With more baby boomers postponing retirement, the effects of an aging workforce are becoming a concern for many organizations. By 2020, it is projected that 25% of workers will be over the age of 55, and since older workers are more likely to have disabilities, employers will have to adjust to meet the shifting needs of their workforce. According to a survey by the Disability Management Employer Coalition and Cornell University’s Employment and Disability Institute, most employers recognize the issue. Just over 85% said they were very or somewhat concerned about the impact of an aging workforce. However, their concern has not translated into universal action-—64% of businesses have not considered the aging workforce in designing absence and disability management programs. To close this gap, researchers suggested that employers concentrate on certain key elements of disability management, including practicing flexibility in scheduling and work location, maintaining and enhancing benefits, implementing wellness and return-to-work programs, instituting proactive safety checks, making certain physical and strategic accommodations for older workers, and improving corporate communication and culture to take an aging workforce into consideration.

 

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About the Author

Morgan O’Rourke is editor in chief of Risk Management and director of publications for the Risk & Insurance Management Society, Inc. (RIMS)

 
 

2 Comments

  • I do consider all of the ideas you’ve offered in your post.
    They’re really convincing and can definitely work.

    Still, the posts are very short for newbies.
    May you please prolong them a bit from next time?
    Thanks for the post.

     
  • One of the most important yet surprisingly less popular than life and other insurances is disability insurance, the insurance that protects your income! If the insured person is not able to work due to any injury or illness, this insurance can help him meet his day-to-day living expenses and other bills in the event of such absence of income.

     
 

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