As baby boomers reach retirement age, many are choosing to work longer, thus changing the demographic makeup of your workforce. There are proven benefits – they are some of your most loyal and experienced employees, which makes it important for risk and safety professionals to look for targeted strategies to safeguard the safety of their aging workforce.
Studies show that one in four workers will be older than age 55 by 2030. According to the U.S. Census Bureau, the numbers of workers age 55 and over will increase from 19 million in 2020 to 32 million by 2015. Workers have several motivators for working longer including improved medical treatment, financial needs (short-term and for retirement), the opportunity to use their talents and skills, to keep mentally and physically healthy, and the enjoyment of work. Regardless of the motivating factor, it is clear that the aging workforce trend is going to be bringing changes to the workforce in the years to come.