Baby boomers are reaching retirement age in a time where people are living longer and retiring later, leaving a large portion of the workforce more susceptible to injury, according to “A Safety Tsunami: The Baby Boomer Effect on Workers' Compensation,” released by Lockton. The study addresses the issues surrounding this age group, identifying injuries and potential cost by age group, including the effect of aging on human performance and recovery time and the fact that one in four workers will be older than age 55 by 2030.
Older employees remain assets to companies that value their experience and skill. The report states the importance of this age group as a part of the workforce, and offers suggestions and strategies as to how companies can protect these employees, which include ergonomic assessment of job duties, flexible schedules and wellness programs, and assessment of job duties.
Lockton's data analysis of clients' losses and trends can aid in providing tools and advice for companies to manage risk of injury.
For a full copy of the report, click here.
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