Boomers Aging Well at Work
Authors Nora Spinks & Sue Pridham offer insights into engaging multiple generations in your workplace wellness program.
| Category | Workplace Wellness |
| Author | Nora Spinks, Sue Pridham |
| Publication Date | February 2010 |
| Source | Benefits & Pension Monitor |
| Format | PDF (117 K) |
| Details | Boomers have been making waves in the workforce for more than 30 years. This ‘larger than life’ generation, born between 1946 and 1966, are now in their 50s and 60s. They have worked hard and played hard with the long-term dream of Freedom 55. However, visions of early retirement for many is no longer feasible. With savings shrinking and life expectancy on the rise, Boomers are postponing retirement. Surveys indicate that 80 per cent of Canadians over age 50 plan to keep working well beyond 60, even past their 70th birthday. The workforce 55 years and older is expected to increase from 17 per cent in 2006 to nearly 23 per cent by 2016. As the workforce ages, employers are looking for proactive strategies to keep older employees engaged, keep low risk employees from becoming high risk, and manage healthcare costs. Diseases – including heart disease, cancer, diabetes, mental health, chronic back pain, and arthritis – represent the majority of the health cost pressures employers are likely to face over the next two decades. |
| Availability | Download article |
