The aging of the workforce in today’s global economy presents not only challenges, but also opportunities and advantages for employers willing to innovate and adapt. The AARP Best Employers for Workers Over 50 program, cosponsored by the Society for Human Resource Management (SHRM), awards businesses and organizations that have implemented new and innovative policies and best practices in talent management. These organizations are creating road maps for others on how to attract and retain top talent in today’s multigenerational workforce.
The Best Employers program recognizes that a growing number of U.S. employers are developing progressive policies and practices that are meeting the needs of an aging workforce.
This year, the National Institutes of Health tops the list of the 2013 winners announced on June 17, 2013, at the SHRM national conference in Chicago. The list of 50 winners includes employers from a variety of industry sectors, including for-profit and nonprofit, health care, universities, financial services, construction, aerospace, and federal and county government. Other 2013 winners include Scripps Health, the U.S. Fish and Wildlife Service, S&T Bank and Michelin North America.
One of the goals of the program is to share the best practices of these award-winning employers with the business community at large and to promote employment opportunities for older workers. Many of the winners have also taken AARP’s Work Reimagined Pledge, in which they commit to recruiting across diverse age groups and to consider all applicants on an equal basis as they hire for positions within their organization.
The award is now given out every two years to allow employers to develop, test and implement effective strategies to attract and retain top talent.
By 2016, one-third of the total U.S. workforce will be age 50 or older, up from 28 percent in 2007. The percentage of workers in their early 20s is projected to decline, according to the Bureau of Labor Statistics. Attracting and retaining mature, experienced employees is becoming increasingly important for employers who seek to fill critical skill shortages and retain their competitive edge in today’s marketplace.