Better with age: Benefits that matter in the silver economy

Recruiting and retaining older workers is increasingly important as populations age around the world. This report addresses the imperative for employers to embrace this demographic shift – for their own success, to combat ageism, and to support healthier communities.

Employee benefits packages play a pivotal role in older worker recruitment and retention. Benefits packages traditionally include health insurance, retirement plans, and vacation time, and are essential in attracting and retaining older talent.

Robust and tailored benefits packages are especially critical for older employees. Comprehensive benefits facilitate extended careers and enable older employees to prepare for retirement on their own terms. Moreover, they recognize and leverage the unique expertise and skills that older workers bring, thereby mitigating potential productivity loss due to inadequate support for health aging.

This report provides insights and best practices across various facets of employee benefits tailored to older workers including:

• How demography is changing our workforce
• Age inclusivity is a requirement to attract and retain talent
• The importance of understanding your employees when considering benefits
• Benefits that work for older workers
• Healthy aging and health literacy
• Elder caregiving
• Retirement planning and financial literacy
• Career extension
• Where to start? Practical tips for employers

Read the full paper

Read our paper for more information on how age demography is changing society and the workforce and will demonstrate the importance of an age-inclusive workforce for success.