Creating an age-diverse workforce can vastly improve the knowledge, skills and productivity of your employees. (Photo: Shutterstock) Creating an age-diverse workforce can vastly improve the knowledge, skills and productivity of your employees. (Photo: Shutterstock)

Don't look now, but the workforce is aging.

According to the Bureau of Labor Statistics (BLS), workers aged 55 and older made up 22.4% of the workforce in 2016 and by 2024, are expected to make up 24.8% of the workforce. BLS data show the number of workers aged 55 and older still on the job has increased by nearly 29% since 2012.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor