The Canadian workforce is getting older, and this trend shows no signs of stopping anytime soon.  

A summer 2022 release from Statistics Canada found that more than one in five people of working age are between 55 and 64 years old — the highest percentage of this age group on record. And a 2019 report by Build Force Canada estimated more than 260,000 construction workers are set to retire by 2028, with national hiring trends leaving a shortfall of at least 40,000 workers. 

These trends present unique challenges to companies, especially as they relate to managing ever-increasing costs for employee healthcare.   

Construction is a dangerous industry for workers. In 2022, there were more than 28,000 workers injured in construction accidents, and 183 construction workers lost their lives. That makes construction the third most dangerous job in Canada in 2022, with only manufacturing and healthcare workers experiencing more injuries.  

In addition to the risk of on-the-job injuries, aging construction workers present with more frequent instances of chronic and acute health conditions, including diabetes, heart attacks and high cholesterol. This makes caring for the health and wellbeing of those workers — while controlling the cost of that healthcare — essential for the overall profitability and survival of companies.  

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