Employee Well-Being: Well-Being in the Aging Workforce

Tasha Patterson@Work

aging-workforceBy Kristin Tugman, PhD, CRC, LPC

VP, Health and Productivity Analytics & Consulting Practice, Group Insurance

The Bureau of Labor Statistics (BLS) continues to demonstrate that older workers are staying in the workforce at greater rates year over year. In the 55-64 age group, 64.5% were in the workforce in 2012, and the BLS projects their participation will increase to 67.5% by 2022.1 In addition, the 65-74 age group participation is projected to reach an all-time high of nearly 32% by 2022.1 As employees stay in the workforce longer, they also become more likely to experience a disability; employers are challenged to ensure they leverage the skills and experience of these employees in a way that keeps them engaged and productive.2

Employers are thinking more holistically about employee wellness and shifting to a concept called “well-being” to improve employee satisfaction and productivity. The five key areas of employee well-being are: purpose, community, social, health, and financial.2

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