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The focus on employee welfare started post-World War II when retirement and pension plans appeared as the biggest forms of employer care. Investment in employees can also include external considerations such as aiding them with mental health concerns, child care assistance, insurance assistance, etc.
Workers’ compensation and occupational health and safety are not keeping pace. In the US (source: US BLS Current Population Survey, quarterly, non-seasonally adjusted 2002 and 2022 extracted June 2022): The employed non-farm labour force age 65 and over has increased by 2.5 in (Q1 2002). average) and a quarter of females (25.7%
Over time, savings may be depleted, debts incurred, and their health and welfare diminished—furthering the burden of their original work-related injuries. Social Security: Cost-of-Living Adjustments , Congressional Research Service, Updated November 19, 2018.
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