Corporate America is facing a silver tsunami - and some companies are better prepared than others. Walmart is redesigning jobs to keep older workers on the payroll. Microsoft is offering what it calls "wraparound care" to support healthy aging. Google is coaching its employees to prepare for retirement. Some smaller companies have introduced chief longevity officers to help workers navigate health, wellness, and the transition into retirement.
According to a recent report, the sector is in dire need of an infusion of new blood and must recruit 22,600 younger workers over the coming years as the current generations of growers reach and exceed retirement age. The report, commissioned by the Spanish Wine Interprofessional Organisation (OIVE), found that 38.9% of wine-growers are aged 51-65 and 35% are over 65. Those aged 41-50 make up 16.9% of the sector, while the under-40s comprise only 9.3%.
I'm fascinated by Americans over 80 who are still working - either because they want to, have to, or both. Older workers long past retirement age are the fastest-growing sector of the US labor market. They're twice as likely to be in the workforce now as they were in the early 1990s. For the past year, Business Insider has explored why this cohort is growing. What's driving it? And what are the repercussions?
According to a survey by HR Brain, only 10% of companies have a strategy to retain mature workers, despite the number of workers age 65 and older in the U.S. nearly quadrupling since the 1980s.