by Randall S. Hansen, Ph.D.
Who knew my father was a pioneer? He was one of those lucky folks who
was able to retire early from the Bell System with a full pension. And instead
of just retiring to his garden or the golf course, he reinvented himself as a part-time
professor, consultant, and speaker. And from what career experts are now saying,
this new form of retirement will become more of the norm, especially as the baby
boomers move into retirement age and reshape the image of retired workers, just
as they reshaped many other aspects of life and work.
In fact, Marc Freedman, author of
Prime Time,
describes how the baby boomers will transform how society views retirement -- bringing about a new image
of aging, retirement, and the role of older Americans in our society. He cites
statistics that show that in just a few years the number of folks over age 50 will
surpass a quarter of the U.S. population. And the U.S. Bureau of Labor Statistics reports that
baby boomers are reaching the age of 60 at the rate of one every seven seconds.
Many of these folks will be searching for something beyond a leisurely retirement.
For many, retirement will indeed no longer signal the end of working, but more
so a career and lifestyle transition, where the retiree has multiple options -- such
as continuing to work (though perhaps at a different pace), returning to school
for additional training or education, changing careers, venturing into
entrepreneurship, becoming more involved in volunteer work, or simply
enjoying leisure and travel possibilities -- a mix of working, learning, relaxing,
and trying new things.
Dr. Ken Dychtwald, author of
Age Power,
describes the transition between working and retiring as middlescence, which he says occurs to people sometime
in their 50's to 70's. Middlescence can be a time of confusion and frustration for
many workers, especially those whose identity is tied directly to their jobs.
But it is also a time of growth and reinvention.
For some older workers, of course, retirement of any sort is not an option
because of financial necessity. Whether stuck in low-paying jobs with little or
no retirement plans or through poor planning or other financial hardships, these
folks need jobs just to survive. According to a U.S. News report, only half the
workforce has an employer pension plan -- and many of those have one
have not contributed enough to it.
So, how can older workers facing retirement find a new job or career?
One of the keys, of course, is finding an employer that both respects older workers
and offers job flexibility options. And there are already a handful of employers
gaining a strong reputation for hiring and valuing older workers, such as
Bonne Bell, CVS/pharmacy, Farmers Insurance Group, Hoffman-La Roche,
John Deere, Radio Shack, Volkswagen of America, and Wal-Mart. Healthcare,
security, retail, temporary agencies, and other service sectors seem to be
the norm for older workers.
AARP, an organization dedicated to people aged 50 and older, suggests 10
positions suited for mature workers: bank teller, consultant, customer greater,
English instructor, floral assistant, home-care assistant, mystery shopper,
security screener, teacher assistant, and tour guide.
Read
more. AARP also publishes an annual list of the best
employers for older workers.
A worker nearing retirement age might also look to his or her current employer for
options, such as bridge positions, phased retirement, part-time employment,
telecommuting, or freelancing. Learn more in these sections of Quintessential Careers:
Telecommuting, Job
Flexibility, and Work-at-Home Job and Career Resources and
Jobs for Consultants,
Freelancers, and Gurus.
Another option for older workers who want to work but also want variety and new
challenges is to consider temping. Temporary agencies help place you with employers
who need your particular skills. A wide range of temporary agencies is available, so find
one that meets your criteria. You can learn more about temping in this section of
Quintessential Careers: Temping
Tools, Advice, Strategies, and Resources, which includes links to these articles,
Temping in the Golden Years and Temping: An Option for Older Workers.
If you want to continue working -- but in a new career field -- consider taking the time
for self-assessment and career exploration. If you are unsure of your next career field,
examine your likes and dislikes, strengths and weaknesses, and consider talking
with a career professional. Get more direction in these sections of our site:
Career Assessment Tools
and Tests and Career
Exploration Tools and Resources.
And for the really adventurous, another option is starting your own business after retirement.
While many have been successful starting their own businesses, it is certainly riskier later
in life. For some great tools and advice, check out this section of the Small Business
Administration's Website:
Small
Business Startup Guide.
And for those who want to work, but are lucky enough not to need the income, volunteering
is a wonderful option. Volunteering is a great way to stay active while also making a
significant contribution to a worthy organization. Volunteering opportunities abound in
every community. Senior Corps is
one such organization, assisting local nonprofits, public agencies, and faith-based
organizations in carrying out their missions by matching seniors with opportunities.
For more information on volunteering, go to this section of Quintessential Careers:
Volunteering and
Nonprofit Career Resources.
But why should you work or volunteer if you don't have to? Experts suggest
working helps older folks keep their minds and body active, provide social interaction
and relationships, support their value system and work ethic, find meaning to life,
and fight stereotypes that only the young are good workers.
Finally, what about those retired folks who want to get more education? Contact the
colleges in your area and see if they offer specific programs for your educational interests.
For those who want to learn, but do not want a formal program, consider taking
courses designed for seniors, such with Elderhostel,
the world's largest educational travel organization for adults 55 and over --
offering 10,000 programs a year in more than 90 countries.
How many boomers will keep working past traditional retirement age? Estimates
range from anywhere from half to the vast majority, with many boomers saying they
plan to work because that's what they want to do. And because many experts are predicting
a talent shortage once these boomers retire -- as both the public and private sectors
brace for a mass exodus of workers by the end of this decade --
there will certainly be a demand for experienced workers.
On a side note, while there ought to be plenty of work for all job-seekers, teens
should be the most concerned about this shift. Many employers say they prefer
seniors to teens because older workers are more experienced, more reliable,
more polite, more motivated, and offer the most flexibility in working times.
If you are struggling with finding a job or new career, you might consider joining or
starting a job club,
building or expanding your network
of contacts, conducting informational
interviews, or investing in career
counseling.
For more information and assistance related to careers and job-hunting for
older job-seekers, go to this section of Quintessential Careers:
Job and Career
Resources for Mature and Older Job-Seekers -- Including the Baby Boomers. And if you are
looking for a book to help older job-seekers, go to this section of our online bookstore,
Job and Career
Books for Mature Workers.
Final Thoughts
Retirement used to signal the end of a productive life for workers, but more
and more, retirement is seen as a transition point for beginning a new phase
of your life. For those approaching retirement, it is now a time to develop a
strategy to work fewer hours, try a new career or business, learn new skills
and further your education, give back through volunteering, and enjoy life.
Questions about some of the terminology used in this article?
Get more information (definitions and links) on key college, career, and job-search
terms by going to our Job-Seeker's
Glossary of Job-Hunting Terms.
Dr. Randall S. Hansen is founder of Quintessential Careers,
one of the oldest and most comprehensive career development sites on the Web, as well CEO of
EmpoweringSites.com. He is also founder of
MyCollegeSuccessStory.com and
EnhanceMyVocabulary.com. He is publisher of
Quintessential Careers Press,
including the Quintessential Careers electronic newsletter,
QuintZine. Dr. Hansen is also a
published author, with several books, chapters in books, and hundreds of articles. He's often
quoted in the media and conducts empowering workshops around the country. Finally, Dr. Hansen is
also an educator, having taught at the college level for more than 15 years. Visit his
personal Website or
reach him by email at randall(at)quintcareers.com.