Meanwhile, the study said the disability prevalence rate is close to 10 percent for workers who are 60 years old or older, compared with a rate of less than 5 percent for workers under 40 years old.
Employers can better manage safety and health concerns for older workers through strategies such as schedule flexibility, wellness programs, ergonomic job accommodations and safety checks to determine whether safety procedures are being followed correctly.
"Employers are wise to consider the needs of aging workers, both to aid retention, and to create an environment that is inclusive and productive," the report reads.
This report appeared in Business Insurance magazine, a Chicago-based sister publication of Tire Business.