Age is not typically top of mind when discussing a diverse workforce, but it should be. Employees ages 55 and over grew by 33 percent between 2006 and 2016 and is projected to grow another 10 percent by 2026. Age diversity brings different perspectives based on varied experiences and generational differences. The need for employers to prepare and adjust for a larger multigenerational workforce is abundantly clear.

Multigenerational workforce chart

Labor force share, by age group, 1996, 2006, 2016 and projected 2026

A wealth of knowledge

Lockton has analyzed the trends and Multigenerational workforce overview - white paper imagedeveloped a multipart white paper to discuss how employers can plan for their multigenerational workforce. This series of white papers will help employers optimize risk management, employee benefits and retirement programs with their multigenerational workforce in mind. Read an overview here.

 

  • In Adapting to a Multigenerational workforce workers' compensation white paper imagemultigenerational workforce, Lockton’s analytics experts discuss the impact on risk management. Research evaluates a large base of workers’ compensation claim trends to provide insight on how age impacts total costs. Our experts then share recommendations on how companies can adjust their programs to consider the needs of all generations in their workforce.

     
  • In "Benefits offerings for a multigenerational workforce," Dr. Ron Leopold, chief medical officer, and Janet Moore, manager of data analytics, both with Lockton Benefit Group, weigh in on how a multigenerational workforce affects overall employee benefits. Optimizing employee benefits programs can improve employees’ overall health and well-being. 
     
  • COMING SOON: An employee’s success, or failure, in an employer-sponsored retirement plan can be a proxy for his or her overall financial health. Summarizing recent survey results, Lockton Retirement’s head of employee education, Donn Hess, explains how to use retirement preparedness to measure current levels of financial stress and estimate future delayed retirements.

”Employment Projections — 2016-26” by Bureau of Labor Statistics, 10/24/17.

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Discover more Insights & Publications
Read more in the Lockton Newsroom
See our Client Stories