Colorado's Above-Fifty Employment Strategies (CAFES)
Transamerica Institute, in collaboration with the University of Iowa College of Public Health, and with funding from Colorado-based NextFifty Initiative is embarking on a ground-breaking research project, CAFES.
Population aging, a phenomenon resulting from the combination of longer life expectancies and lower birthrates, has widespread implications for both employees and employers across the state of Colorado. Indeed, Colorado’s workforce is growing older. In 2015, working Coloradans over the age of 55 accounted for 20 percent of the state workforce. By the year 2030, more than one in four persons working in the state of Colorado will be over 55. Many workers will want and/or need to stay in the workforce beyond traditional retirement age in order to adequately save and achieve financial security when they retire.
The project’s overarching goal is to transform how employers address the needs and preferences of experienced employees across the state of Colorado. The two-year project will accomplish these four specific goals:
- Through a survey of Colorado employers, identify and assess how they are addressing experienced employees,
- Disseminate information about best practices adopted by Colorado employers,
- Facilitate implementation of best practices among Colorado employers, and
- Initiate a state-wide public awareness campaign that highlights how employers can successfully address the implications of Colorado’s aging workforce.
By illuminating how employers are addressing this unprecedented labor force change and identifying policies and programs that have the greatest impact on experienced employees, best practices can be shared across the state. This effort to move Colorado’s employers closer toward meeting the needs and preferences of an age-friendly workplace constitutes a substantive contribution to improving future opportunities to age successfully in Colorado.
Transamerica Institute encourages HR executives and decision-makers in Colorado to complete this important survey.
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