Employees are staying active in the workforce longer. Why? Reasons include greater longevity because of improvements in health and medical care, financial issues stemming from the economic recession and a general desire to remain productive later in life. The problem? Statistically, older employees have fewer workers’ compensation injuries on the job. However, those injuries tend to be more severe and the recovery time is longer. In fact, the CDC and BLS indicate that workers 55 and older experiencing a lost time injury have an average of 12 lost work days – almost twice the amount of workers aged 20-24.
In a recent article published by Industry Today, John Schumacher further discusses the impact an aging workforce has on the manufacturing industry, as well as strategies for employers to consider.
Read the full article here.
ABOUT THE AUTHOR
Anthony (Tony) Chimino is Assurance’s Chief Executive Officer and Chairman of the Board. He’s responsible for the strategic direction of Assurance and the development of a highly effective executive team. Under his leadership, Assurance has grown to become one of the largest independent insurance brokerages in the U.S. with over $100 million in annual revenues, hundreds of Best Place to Work and client service awards, as well as 6,000 clients nationwide. Tony earned his Bachelor of Arts degree from Benedictine University in Finance and Philosophy and Master of Business Administration from Northern Illinois University. He also received a law degree from Kent Law School and holds an Associate in Risk Management designation from the Insurance Institute of America. Tony has been on the Board of Intersure since 2008 and is an active member of Vistage International and Young Presidents’ Organization. Personally, Tony has a passion for philanthropy and is active in many charities as a board member and fundraiser. His endeavors focus mainly on causes that help children and families in need.