The Aging Workforce - 950 Words

Within any company wellness program there is a small number of employees that fall into this unfocused demographic. This demographic would consist of your aging workforce and those that have disabilities, which prevent them from having asses and or participating in a wellness program activity. The Age Discrimination in Employment Act (ADEA) and Americans with Disabilities Act (ADA) will help employers with the development of a well-rounded wellness program that will benefit all their employees. With the aging workforce these employees have reported difficulty with sight, hearing, and arthritis. This classifies them in a disability category. In 2010, 19.7% of the 45 to 54-year-old workforce and 28% of the 55 to 64-year-old reported having†¦show more content†¦This will require the company’s Human Resource (HR) department to focus on the priorities of employees as they age and shift to a heavier focus their well-being over (Kooij, Guest, Clinton, Knight, Jansen, Dikkers 2013). The aging workforce is the focus demographic for this literature review and is classified as any employee over the age of 40. This age was selected because the Age Discrimination in Employment Act (ADEA) only prohibits age discrimination against people who are age 40 or older. We all are living longer which places a strain on the workforce and health care. It is predicted that by 2020 people over the age of 60 is projected to reach 1 billion and by 2050 almost 2 billion this representing 22 percent of the world’s population (Bloom, Canning, Fink 2010), (Dall, Gallo, Chakrabarti, West, Semilla, Storm 2013). The Bureau of Labor Statistics for 2016 report the workforce of employees 45 and older at an all-time high of 44 percent (Tishman, Van Looy, Bruyà ¨re 2012). This increase in older employees comes at the same time that the entry-level workforce is on a downward slide. This is all due to the downsizing of many labor positions in the workforce to the economical down turn o f the past few years that has forced many older employees of retirement age to postpone theirShow MoreRelatedAging Workforce Challenges1057 Words   |  5 PagesAging Workforce Challenges Stacy P Durham Southern New Hampshire University Abstract There seems to be many key issues that come along with an aging workforce. Not only do companies and management have to worry about losing qualified workers as they come into retirement age, they are finding out that the pool of qualified workers is getting smaller. Also, many of the retirement eligible workers are staying in the workforce. Management is forced to look at this aging population in a multitudeRead MoreAging Workforce in Singapore2339 Words   |  10 PagesOverview of Aging Population in Singapore Populations in many developed countries are ageing, and Singapore is no exception. The first batch of post-war baby boomers will reach 65 years of age by 2012. The number of seniors will increase from 8.4% in 2005 to 18.7% in 2030 (refer to Table 1). According to the 2010 Population Report, The proportion of residents (i.e. citizens and PRs) aged 65 and above increased from 7.0% of the resident population in 1999 to 8.8% in 2009. Correspondingly, the numberRead MoreThe Workplace For The Aging Workforce1000 Words   |  4 PagesOccupational Therapy can promote, health, safety and productivity for older workers in today’s increasingly aging workforce. The average life expectancy has increased from 70.8 years in 1970 to 77.2 years in 2001. According to the Bureau of Labor Statistics, 63 million Americans are above the age of 65. Perry, PE, CPE, L. Designing the Workplace for the Aging Workforce, How to use Ergonomics to Improve the Workplace Design. http://195.28.226.39/NR/rdonlyres/AEFC0FF5-EE0B-4765-B5D4-F640D99E1412/0/DesigningtheworkplacefortheagingworkforceRead MorePopulation Of The Aging Workforce2766 Words   |  12 PagesExecutive Summary Population of the aging workforce will continue to increase and it is important to understand the advantages of older workers in an oragnisation and the implications (Bockman Sirotnik, 2008). Many employers regard older workers as hinders or obstacles to growth and development of organisations (Kunze, Boehem Bruch, 2013). This report firstly introduces the perceptions of older workers and discuses the stereotypes that older workers are less productive than younger workers. ThisRead MoreAging Workforce in Singapore2328 Words   |  10 PagesOverview of Aging Population in Singapore Populations in many developed countries are ageing, and Singapore is no exception. The first batch of post-war baby boomers will reach 65 years of age by 2012. The number of seniors will increase from 8.4% in 2005 to 18.7% in 2030 (refer to Table 1). According to the 2010 Population Report, The proportion of residents (i.e. citizens and PRs) aged 65 and above increased from 7.0% of the resident population in 1999 to 8.8% in 2009. Correspondingly, theRead MoreThe Aging Workforce And Its Impact On Organizations1430 Words   |  6 PagesThe Aging Workforce and Its Impact on Organizations Abstract There are approximately 76 million baby boomers in the United States. These are the people that were born between 1946 and 1964. Baby boomers make up one-third of the workforce in the United States. Unfortunately, there are not enough younger workers to replace the older workers. Labor shortages in key industries will force a radical rethinking of recruitment, retention, flexible work schedules and retirement. About 76 million baby boomersRead MoreResearch About Aging Workforce1124 Words   |  5 PagesContents 1. Introduction 2. Advantages of an aging workforce 2.1 Knowledge 2.2 Experience 3. Problems of an aging workforce 1. High health care costs and pension benefits 2. Lost of experience, corporate knowledge and business relations 4. Strategies which can be implemented 1. Mentoring and teaming 2. Redesigning retirement package 5. Conclusion 1. Introduction Read MoreThe Treasure Trove Of The Aging Workforce Essay953 Words   |  4 Pages The Treasure Trove of the Aging Workforce Tajh T. Stegall Southern New Hampshire University Human Behavior in Organization 19 February 2015 Abstract: â€Å"The Treasure Trove of the Aging Workforce† is simply stating how individuals in today’s workforce are working past the previous established retirement age of 70. Most of the older individuals are in a fast-growing segment of older workers, averaging over the age of 55. Treasure Trove of the Aging Workforce explains how these individuals areRead MoreRecommendations. The Skills Of An Aging Workforce Can Be1011 Words   |  5 PagesRecommendations The skills of an aging workforce can be useful if a policy is implemented so that a select group of especially skilled senior or retired workers is assigned to train employees for leadership positions. This training will provide the right skills that younger employees lack and develop positive working relations with senior staff in the organization. As a result, older workers will not feel compelled to retire early or leave their jobs because of poor working relationships or unsatisfactoryRead MoreWhy The Aging Workforce Has Hurt Productivity1339 Words   |  6 Pagesimportance of the older workforce when it comes to the labor market. It is relevant to note that compared to the years past the older workforce of today is well educated. Looking at their higher earnings and retiring later this can be seen as the explanation for this fact. It has also been proven that a more productive worker will remain in the labor force longer than those who are not as industrious. There has been l ittle evidence that those considered as members of the aging workforce have hurt productivity