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Disregard for older workers is weighing on the economy. So says a report from AARP, which finds that employers turning up their noses at older workers could end up taking some $850 billion out of the U.S. economy. In 2018 the 50-plus population contributed some 40 percent of the U.S. GDP, supporting 88.6 million jobs and contributed $8.3 trillion to the economy – even though it only made up 35 percent of the population – but by 2050 that’s expected to more than triple to $28.2 trillion.
Competing successfully in today’s labor market means moving away from reactive recruitment practices that are overly reliant on compensation. Instead, take a more strategic approach with innovative add-on health benefits that complement core benefits and can be tailored to the needs and wants of a diverse workforce. Download this guide to learn how.