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CVS Caremark Presents at NCOA-ASA Conference on Company's Commitment to Recruiting and Retaining Mature Workers
Date:3/28/2008

Discussion focuses on innovative programs, partnerships, and

intergenerational mentoring in the workplace

WOONSOCKET, R.I., March 28 /PRNewswire/ -- Today CVS Caremark, a leader in developing innovative workforce programs to recruit and retain employees, was joined by other business leaders at the 2008 NCOA-ASA Aging in America Conference in Washington, D.C. for a discussion on the multigenerational workforce and the importance of mature workers.

Michael Ferdinandi, Senior Vice President, Human Resources and Corporate Communications, CVS Caremark, co-presented the session "Seizing Business Opportunities with the NEXT Workforce" at the NCOA/MaturityWorks Alliance Workforce Summit. Mr. Ferdinandi spoke about the company's mature worker initiatives, including creative and flexible benefits options, a welcoming work environment encouraging career advancement at all levels, and strategic public-private partnerships.

By 2010, almost one in three workers will be at least 50 years of age, and as baby boomers continue to approach retirement age, the pool of replacement workers will not be large enough to meet employers' labor demands. Mr. Ferdinandi discussed how CVS Caremark has developed workplace solutions to retain skilled mature workers and recruit and train the next generation of employees. In the past decade, the company has forged innovative partnerships with local and national agencies and organizations in order to actively recruit employees including mature workers, and now roughly one in five employees is age 50 and older. CVS Caremark also offers substantial training, convenient locations, and flexible work schedules -- including a snowbird program that enables employees to shuttle between different store regions on a seasonal basis.

"CVS Caremark prides itself on developing innovative workforce development partnerships and programs, and opening up customized hiring and job training opportunities that match
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SOURCE CVS Caremark
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