Baby boomers and Gen Xers might be hitting retirement age, but that doesn't mean they are slowing down in the workforce.
The number of workers age 55 and up in the labor pool has risen in recent decades and is only expected to continue climbing over the next six years, according to the U.S. Bureau of Labor Statistics. That's good news for employers across the country. Older workers offer more experience and knowledge and a valuable perspective to the workforce.
But as older generations opt for paychecks over play time with the grandkids, employers must also be prepared for the unique issues that face aging workers, especially as they relate to Workers' Compensation and other insurance claims. In fact, Safety National Casualty Corporation found that the average claim cost was 73 percent higher for workers who are older than 45.
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