Boomers are Reinventing Retirement
- Less likely to associate retirement with the traditional Less likely to associate retirement with the traditional retirement age of 65.
- Nearly 86% of workers who have not retired report that they plan to work into their retirement years or never retire never retire.
AARP Best Employers for Workers Over 50
- Announced in 2001
- Recognize companies with exemplary policies and practices for 50+ workers practices for 50+ workers
- Communicates best practices to employers facing similar challenges of an aging workforce
- Over 400 employers recognized Over 400 employers recognized
- 2009 application closed in February
- Next application period – 2011
https://www.aarp.org/bestemployers
Best Practices – Workplace redesign
- Lee Memorial Health
- Transitional work Transitional work coordinator
- Pinnacol Assurance
- Ergonomics program reduced workman’s compensation costs by 33%
- Other Best Employers
- Large screen monitors, amplifiers and headsets and headsets
- Adjustment of height of workstations
- Modifying parking lot curbing
- Improving parking-lot lighting
- Installing ramps and elevators
Other Best Practices
- Providing a “buddy” to accommodate an employee on crutches
- Offering flex hours for an injured worker
- Adapting equipment for injury
- Paying special attention to fall potential (floors and carpet)
- Lighting, contrast and consistency in stairs
Fitness is GOOD for Business
- Productivity losses cost U.S. employers $1,685 per employee per year, or $225.8 billion annually
- 28% reduction in sick leave absenteeism
- 26% reduction in health costs
- 30% reduction in workers’ compensation and disability management claim costs
- $5.93-to-$1 savings-to-costs
Stress in the Workplace
- Workplace Stress Workplace Stress costs employers an estimated employers an estimated $200 billion per year
- Higher absenteeism
- Lower productivity
- Staff turnover
- Worker’s compensation claims
60% of lost workdays each year can be attributed to stress
75-95% of visits to health care providers are due to stress 95% of visits to health care providers are due to stress related conditions
STRESS around … Caregiving!
- Predominantly female (67%)
- Getting older (50 yrs old in 2009, 48 yrs old in 2004)
- 46% are college graduates
- 64% are married or living with partner
