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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.
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 ...
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.
A cross-country panel study found this fertility factor effect to be strongest among women aged 20–39, but with a less strong but persistent effect among older women as well. [90] International United Nations data suggests that women who work because of economic necessity have higher fertility than those who work because they want to do so. [91]
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).
In a poll conducted in November 2008, 35% of women felt that issues in work–life balance for women would be best addressed through paid family leave and sick days. [21] Both genders actually feel that these concerns better address work–life balance with growing concerns of watching children, older family members, and ill family members. [21]
Eighty-six percent of surveyed women cited flexible work as the top benefit that is “very” or “somewhat” important to them, followed by health and wellness programs and mental health ...
Employers that offer these types of work-life perks seek to raise employee satisfaction, corporate loyalty, and worker retention by providing valuable benefits that go beyond a base salary figure. [9] Fringe benefits are also thought of as the costs of retaining employees other than base salary. [10]