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AARP Survey: 83% of Execs Say Multigenerational Workforce Key to Growth

24 Aug, 2020


A new survey by AARP found that 83% of global business leaders recognize that multigenerational workforces are key to the growth and long-term success of their companies. 
 
"As people live longer, healthier lives, they're also working longer – a long-term trend that presents a great opportunity for employers and people of all ages to reimagine what it means to earn and learn over a lifetime," said AARP CEO Jo Ann Jenkins.
 
"Research shows that age-diverse workforces have a positive effect on employee engagement, productivity, and the bottom line. It is heartening to see that business leaders around the world recognize this value, even as we've been concerned the pandemic could fuel ageism."
 
The AARP survey found that over half (53%) of the employers surveyed do not yet include age as a factor in their company's diversity and inclusion policies. However:
  • 70% favor taking steps to promote unbiased recruitment practices,
  • Three in four (74%) would provide training and lifelong learning opportunities for older employees,
  • Two in three (68%) would purposefully design mixed-aged teams to leverage the advantages that both younger and older employees bring to the table, and
  • Over half (54%) are providing more flexible work arrangements, including teleworking. 
The survey is part of the Living, Learning, and Earning Longer Collaborative Initiative, a partnership between AARP, the Organization for Economic Cooperation and Development (OECD), and the World Economic Forum. The Initiative was launched in 2019 to identify, share, and promote inclusive multigenerational workplace practices from around the world.
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