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increased disability and healthcare cost

Concerns Regarding the Aging Workforce

Employers have raised concerns on the workforce demographics and the challenges regarding the aging workforce.  Some of the employers’ challenges include increased healthcare and disability, age discrimination, career development and advancements and the lack of employer programs to retain and transfer the expertise of the older workforce.  This section also looks at the possible preparations for responding to the aging workforce.

The Demographic Landscape

Employment of people above 55 has increased to an all-time high of 40.4 percent (Bureau of labor statistics, 2010).  Data from the U.S. Census Bureau suggest that, by 2016, one-third of the total U.S. workforce will be age 50 or older (U.S. Census Bureau, 2010).  The growing number of older employees results in a shift in workforce demographics.  A rise in the employment of older people results in a decline of the entry-level workforce, leading to an even larger shift in the demographics (Bureau of labor statistics, 2010).