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Roughly 1 in 5 Americans over 65 were employed in 2023, four times the number in the mid-80s. Employers are gradually recognizing the value of older workers and taking steps to retain them.
Two-thirds (67%) of workers ages 65 and older say they’re extremely or very satisfied with their job overall, compared with 55% of those 50 to 64, 51% of those 30 to 49, and 44% of those 18 to 29.
The graying of the U.S. workforce is gaining momentum. A Pew Research survey found nearly a fifth of Americans age 65 and older were employed in 2023, nearly double the three decades prior ...
While technology anxiety and a nervousness about learning new processes and acquiring new skill sets has impacted older workers, [4] younger job seekers are also facing a deficit of “applied soft skills” such as work ethic, social skills, communication and leadership. [5]
Workplace wellness programs benefit employers as well; while the various components of the wellness programs helps to keep employees healthy, employers are able to increase recruitment and retention of workers. [38] Some employers have also utilized penalties to improve employee participation within the company wellness program. [39]
Employee retention is the ability of an organization to retain its employees and ensure sustainability. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).
That clashing of workplace expectations is just one example of how today’s twentysomething employees—the older end of Gen Z, born between 1996 and 2010—are making a powerful, and oftentimes ...
One of the biggest benefits is productivity. Happy workers are 12% more productive. [5] The increased productivity can be attributed to a number of factors, including reduction in workplace accidents, decreased stress levels, and even a downturn in number of sick days taken due to the positive effect on employee health that high morale provides.