CVS honored for mature-worker programs

A MEMBER since 2005 of the AARP National Employer Team, CVS offers flexible benefits and asks mature workers to share their experience by mentoring younger workers. /
A MEMBER since 2005 of the AARP National Employer Team, CVS offers flexible benefits and asks mature workers to share their experience by mentoring younger workers. /

WOONSOCKET – CVS/pharmacy this afternoon announced it has received the 2007 ASA Business and Aging Award, presented in Chicago at the joint conference of the American Society on Aging (ASA) and National Council on Aging (NCOA).

The Business and Aging Awards honor businesses with successful programs for older workers that demonstrate how “rethinking aging” contributes to their success.

CVS/pharmacy, the nation’s largest retail pharmacy company, received this year’s large business award for its initiatives to recruit, train and retain older employees and pass along their knowledge to younger workers.

“Not only does CVS/pharmacy provide a great opportunity for mature workers, but mature workers make good business sense for us,” said V. Michael Ferdinandi, the chain’s senior vice president of human resources.

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“Older workers have the loyalty and work ethic we’re looking for,” he said, “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.”

Workers 50 and older now comprise more than 17 percent of the CVS/pharmacy workforce, more than twice their 7 percent share in the early 1990s.

“We are proud to recognize CVS/pharmacy for creating a performance model for other companies to emulate,” said Helen Dennis, chair of the ASA’s Business Forum on Aging.

CVS/pharmacy, a division of Woonsocket-based CVS Corp. (NYSE: CVS), operates about 6,200 retail and specialty pharmacies in 43 states and the District of Columbia. Additional information is available at www.cvs.com. Information on CVS/pharmacy-AARP programs for older workers can be found at www.cvs.com/corpInfo/careers/aarp.html.

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