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With a New Year, Employers Challenged with Aging Workforce and Managing Benefits Costs
12/29/2015
As the calendar changes to 2016, employers with an aging workforce face the constant challenge of managing their benefits costs.
In a research study earlier this year, LIMRA Secure Retirement Institute found that employers believe older workers are good for business and provide the kind of skills, knowledge and leadership that would be sorely missed without them.
Even though three quarters of employers anticipate their benefits costs will increase due to an older workforce, nearly all of them have identified specific steps to take to lessen the cost impact.
This Infographic details some of the ways employers are managing an older workforce.