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July 29, 2016 at 11:37 AM
Retirement increasingly looks very similar to work, as older consumers decide to continue working or begin encore careers instead of stopping work entirely.
The Bureau of Labor Statistics shows that almost 38.6% of Americans 55 and older were employed as of June.
Working longer can increase retirement savings by as much as 25%, according to a report by BofA Merrill Lynch Global Research. Many boomers were hit hard by the financial crisis, Bloomberg’s Ben Steverman found.
Fortune recently published its Best Workplaces for Baby Boomers list, recognizing companies that appeal to highly skilled older workers. To compile the list, Fortune asked Great Place to Work), a brand recognition program, to survey almost 34,000 boomers from the more than 600 companies in GPTW’s database. Companies in the database pay GPTW for the survey and distribute it among their employees.
Employees rate their company on 58 workplace quality identifiers. Companies needed to employ at least 50 boomers to be eligible.
10. SAS
SAS is a software company based in Cary, North Carolina. Of the almost 6,900 U.S. employees (there are more than 13,000 global employees), 21% are boomers. Fortune highlighted a lack of layoffs during the financial crisis and an employee assistance program as key reasons for the firm’s popularity with boomers.
9. First American Financial
First American employs more than 11,200 workers in the U.S., 23% of whom are boomers. The Santa Ana, California-based firm provides home insurance and was founded in 1889. Respondents noted that management at the firm is “creative, flexible, competent, caring and motivated,” and has taken steps to ensure the future of the firm by developing next-gen leaders.
8. Baker Donelson
Twenty-nine percent of this Memphis law firm’s workers are boomers. Fortune found that employees appreciated the “comfortable” work environment and focus on clients.
7. National Mortgage Insurance
This Emeryville, California insurance provider employs less than 250 workers, 38% of them boomers. Formed in 2012, it’s the youngest firm in the top 10. One respondent called it “the little startup that could,” noting that the youth and growth of the company gives workers “flexibility and maneuverability as we chart our course to greatness.”
6. Acuity Insurance
