Manufacturing Broker Discusses the Impact of an Aging Workforce
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.
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