Employees are staying active in the workforce longer. Why? Reasons include greater longevity because of improvements in health and medical care, financial issues stemming from the economic recession and a general desire to remain productive later in life. The problem? Statistically, older employees have fewer workers’ compensation injuries on the job. However, those injuries tend to be more severe and the recovery time is longer. In fact, the CDC and BLS indicate that workers 55 and older experiencing a lost time injury have an average of 12 lost work days – almost twice the amount of workers aged 20-24.
In a recent article published by Industry Today, John Schumacher further discusses the impact an aging workforce has on the manufacturing industry, as well as strategies for employers to consider.
Read the full article here.
ABOUT THE AUTHOR
Anthony (Tony) Chimino has been the CEO of Assurance for over twenty years. His driving ideology for the company is a complete and dedicated focus on creating value for clients through business, benefits and risk management improvements. As CEO, he’s responsible for the strategic direction of Assurance and the development of a highly effective executive team. Under his leadership, Assurance has become one of the largest independent insurance brokerages in the U.S., placing over $1 billion in premiums annually for businesses and individuals. The company has grown to over 400 employees and has earned more than 100 local and national awards for client service and being a Best Place to Work, including recognition from Business Insurance and Fortune magazine. Tony earned his Bachelor of Arts degree from Benedictine University in Finance and Philosophy. In 1997, he achieved a law degree from Kent Law School, and later went on to earn a Master of Business Administration from Northern Illinois University. Tony has his Associate in Risk Management (ARM) designation and is an active member in the Illinois State Bar Association and Vistage International. He has a passion for philanthropy and serves as a board member for a number of charities that help children in need.