aging workforce News

Blending Generations: Why Millennials, and the Industry, Must Bridge the Gap

Workplaces everywhere are becoming more flexible. People now work irregular hours, work from home, work out of state and even across oceans. This phenomenon is no surprise given the influx of new technology. The large number of millennials in the …

What to Do If an Employee Displays Signs of Dementia

Faced with an aging American workforce, companies are increasingly navigating delicate conversations with employees grappling with cognitive declines, experts say. Workers experiencing early stages of dementia may struggle with tasks they had completed without difficulty. Historically punctual employees may forget …

The Bright Side in a Graying U.S. Workforce: Viewpoint

Economists call it the “old-age dependency ratio” – a rough measure of the balance between people who work and retirees. The ratio compares the number of people over age 65 – classified as “old” – with those aged 15 to …

Why Businesses Need to Plan for Aging Workforce

The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare to meet the challenges …

How Trump Policies Contribute to Dire Scenario for Workers’ Compensation

At a time when the nation’s workers’ compensation system is facing an aging workforce and a pending widespread labor shortage, federal policies on immigration and health insurance promise to exacerbate these challenges and contribute to causing far more claims and …

Older Workers at Greater Risk of Dying in Workplace Accidents

Older people are dying on the job at a higher rate than workers overall, even as the rate of workplace fatalities decreases, according to an Associated Press analysis of federal statistics. It’s a trend that’s particularly alarming as baby boomers …

Insurance Industry Rethinking Recruitment Strategies

With nearly 400,000 employees expected to retire from the insurance industry workforce within the next few years, according to the U.S. Bureau of Labor Statistics, its incumbent on carriers to consider the ways in which they communicate with and recruit …

Florida Agents Putting New Law to Work to Attract Millennials to Insurance Careers

Florida insurance agents are trying to bolster the industry’s track record in attracting college graduates by employing a new state law that aligns college courses with the state’s licensing requirements. The insurance workforce development law, passed in 2015, gives the …

Florida Governor Signs State Insurance Licensing, Workforce Development Bill

The Florida Association of Insurance Agents (FAIA) is celebrating the passage of House Bill 1133, a bill it sponsored in cooperation with the Florida Department of Financial Services. Passed overwhelmingly by Florida lawmakers, the bill was signed by Florida Gov. …

Baby Boomers Give Up, Drop Out of U.S. Labor Force

When Robin McLane’s generation hit public schools in the 1950s, there were never enough classrooms or teachers to accommodate the bulge, she said. So she’s not surprised about the latest shock that boomers are delivering to the U.S. economy. “People …