This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aging Baby Boomers Drive Changes To Workplace Safety Programs

KANSAS CITY, Mo., May 15, 2013 /PRNewswire/ -- People are living longer and retiring later, creating a workforce that brings deep knowledge and experience to the job -- along with a higher propensity for injury. A new report by Lockton reviews the trends and shows how companies can protect aging employees and minimize the risk of costly workplace injuries.

(Logo: http://photos.prnewswire.com/prnh/20090415/CG99351LOGO)

The report, authored by Lockton's Bill Spiers, is entitled " A Safety Tsunami: The Baby Boomer Effect on Workers' Compensation ." It includes an analysis of injuries and cost by age group, and it explains the specific measures a company can take to keep aging workers safe on the job.

According to the U.S. Bureau of Labor & Statistics, by 2030, one in four workers will be older than 55. Aging affects human performance and recovery time, which explains why older workers experience a high number of strains and sprains in manual labor jobs, and why workers' compensation costs rise as the workforce ages. Even so, companies value the skills and experience of older employees.

"The aging workforce is a valuable asset for companies, provided they take measures to protect the safety of these employees," Spiers said.  In his report, he offers aging workforce safety strategies that include the ergonomic assessment of job duties, reassignment, flexible schedules and a wellness program focused on strength and flexibility.

Lockton's loss data analysts continually measure their clients' losses and loss trends, providing guidance on how companies can manage the risk of injury.

More than 4,450 professionals at Lockton provide 15,000 clients around the world with risk management, insurance, and employee benefits consulting services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates has awarded Lockton its Service Excellence Award for risk management for large companies. For four consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.

SOURCE Lockton

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,574.95 -23.25 -0.13%
S&P 500 2,098.35 +0.31 0.01%
NASDAQ 5,114.2040 -1.1780 -0.02%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs