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

DMEC Staff@Work

aging-workforceBy Kristin Tugman, PhD, CRC, LPC

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

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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