CVS Honored for Mature Worker Initiatives

Woonsocket, R.I., CVS/pharmacy announced Friday that it has received the 2007 American Society on Aging Business and Aging Award. The award distinguishes large and small businesses that develop winning programs for senior workers, and how “rethinking aging” has contributed to their success.

CVS was honored for its successful initiatives to recruit, train and retain older workers, as well as for its efforts that encourage mature workers to pass along their knowledge to younger employees.

“Not only does CVS provide a great opportunity for mature workers, but the initiative makes good business sense for us,” said V. Michael Ferdinandi, senior VP, human resources, for CVS. “They have the loyalty and work ethic we’re looking for, they understand the needs of our customers, they are committed to customer service, they bring unique skills and experience, and they help diversify our workforce.”

Through its programs and partnerships, the pharmacy chain has increased its percentage of employees aged 50 and older from 7% in the early 1990s to more than 17% today.