{"id":17219,"date":"2019-10-17T09:00:05","date_gmt":"2019-10-17T13:00:05","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/mercer-urging-organizations-to-get-workforce-age-ready-137468"},"modified":"2019-10-17T09:00:05","modified_gmt":"2019-10-17T13:00:05","slug":"new-report-urges-organizations-to-get-workforce-age-ready","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/10\/17\/new-report-urges-organizations-to-get-workforce-age-ready\/","title":{"rendered":"New report urges organizations to get workforce \u2018age-ready\u2019"},"content":{"rendered":"\n<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2017\/11\/OlderWorkers-BabyBoomers-AgeingWorkforce-123RF.png\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"New report urges organizations to get workforce \u2018age-ready\u2019\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;October 17, 2019 <\/p>\n<p>An organization that leverages its more experienced workforce \u2014 employees&nbsp;aged 50 years and older \u2014 will be&nbsp;well-positioned for the future of work, according to a new report by Mercer.<\/p>\n<p>The importance of being \u201cage-ready\u201d is underscored for both businesses and economies, because of a rapidly aging labour force coupled with an uncertain global economic growth rate,&nbsp;it said.<\/p>\n<p>\u201cWith labour force size, participation rate and productivity so closely tied to business and economic growth, the experienced workforce is a source of talent and competitive advantage that employers need to embrace now,\u201d said Pat Milligan, senior partner and global leader of Mercer\u2019s multinational client group. \u201cTo be \u2018age-ready,\u2019 however, requires a thoughtful and careful analysis of this workforce segment, as well as a change in mindset as to how experienced workers truly add value to organizations.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/older-employees-to-make-up-larger-portion-of-canadian-workforce-statscan-128081\">Older employees to make up larger portion of Canadian workforce<\/a><\/strong><\/p>\n<p>Experienced workers are particularly valuable to employers&nbsp;for a variety of reasons, including:<\/p>\n<ul>\n<li>They lower costs because they\u2019re less likely to leave;<\/li>\n<li>As supervisors, they tend to retain, develop and engage more junior employees and decrease voluntary leave on teams they manage;<\/li>\n<li>They increase productivity of those around them through knowledge sharing;<\/li>\n<li>They strengthen group cohesion, collaboration and resiliency; and<\/li>\n<li>They enable innovation and strengthen customer connection.<\/li>\n<\/ul>\n<p>\u201cThis urgency for employers to address their experienced worker strategy is heightened by global demographic trends: by 2040 the average life expectancy is predicted to be 80 years, up from 56 in 1966 and 72 in 2016,\u201d noted&nbsp;the report.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/age-discrimination-in-benefits-plans-unconstitutional-finds-human-rights-tribunal-115168\">Age discrimination in benefits plans unconstitutional, tribunal finds<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/mercer-urging-organizations-to-get-workforce-age-ready-137468\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;October 17, 2019 An organization that leverages its more experienced workforce \u2014 employees&nbsp;aged 50 years and older \u2014 will be&nbsp;well-positioned for the future of work, according to a new report by Mercer. The importance&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17219"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17219"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17219\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}