Your Revenue Driver
While physical health conditions may be unavoidable as one ages I wonder if behavioral health conditions can be reduced?
And therefore - if employee turnover represents a cost - then might we reduce the cost of employee turnover by preparing employees for longer careers? If a 65 year old person turns their job over to a 55 year old person - we have a cost that will be replicated 10 years later. If a 70 year old person turns their job over to a 55 year old person then we replicate 15 years later and have one less replication cycle every 30 years. Would this warrant the additional cost of maintaining the skills of the older worker?
As a side note - would this older worker - while continuing to pay social security taxes also be healthier and bring more funds to Medicare and Social Security?
Is it worth incentivizing older workers to stay employed longer - perhaps in new careers?