by Kolawole Onafowode
For many individuals the retirement age of 65 needs a rethink. Humankind is living longer and healthier lives with many people working past the 65-year retiree mark, thanks to medical technology. The vast majority of older people are not interested in just putting their feet up and kissing their professional careers goodbye, according to the merged charity, “Age Concern” and “Help the Aged” (Now Age UK). To suddenly stop working because you have reached a particularly age can be an extremely difficult adjustment to make both on the mental well being and financial level. You are left with a lot of time on your hands and many miss the high activity and engagement that came with their jobs.
This study revealed that 6 out of 10 over-50s desire to work past the state pension age. It also showed that 8 out of 10 would like to see mandatory retirement ages to be scrapped as well. An Associated Press recent poll showed that over 80% of people over 50 were planning to pursue part-time employment after retirement in order to keep earning. For many of the baby boomer generation, they need to keep working as they might not have saved enough for an adequate retirement income or could be paying off a mortgage etc. Rand Corporation conducted a survey that found that 39% of workers in the 65 and older age bracket had actually retired at some point.
The Benefits of Hiring Retirees in the Workplace
In the US adults aged 65 or older are projected to make up approximately 22% of the workforce by 2022. Retirees are now actively seeking seasonal, temporary and part-time jobs to supplement their income and to keep them active and social. There are many benefits to securing retirees for positions in your company for part-time or project specific assignments. Firstly, they require a lot less training and come with a great work ethic. Older workers tend to have a lower rate of absenteeism and are more punctual. Employers have noticed that this age group have more effective people skills, superb customer service skills and display a high level of commitment to quality. They are also more emotionally stable than the younger employees.
Employers often do not have to pay benefits to retirees as they are less in need of them as they may no longer have dependents. Retirees also tend to only apply for jobs that are a realistic match to their skill set and years of experience so employers can be assured this age group can deliver. It has been noted that retirees are also eager to learn new skills and have a positive attitude.
Working Improves Your Health
In a study in the Preventing Chronic Disease journal of over 85,000 adults over the age of 65, they discovered that those working in their 60s and 70s displayed better mental and physical health compared to their nonworking counterparts. All types of workers from different sectors reported being in good health nearly three times more than those who had retired permanently.
What’s Fueling the Retirement Rethink?
Retirees are heading back into the workplace for a myriad of reasons. If one’s spouse is still working retirement can get a little lonely without having your partner around to share in all of the free time. Others find it the perfect time to become entrepreneurs to work on passion projects or jobs that have always interested them. For those who have had “meaningful” careers, they will choose to stay in their careers for as long as possible. Many individuals simply miss the challenges and brain stimulation of working along with the immense satisfaction of a job well done.
These days, with more employers offering work from home opportunities, retirees are able to work from anywhere in the world where they happen to be vacationing. Boomers could also be supporting their elderly parents or children in college and require additional income. There are also people who lost money in the 2009 recession and have had to re-enter the workforce after retirement to bolster their savings.
We Actively Seek Retired IT Professionals
At the Micro-Easy Vocational Institute, we welcome retiree IT professionals with open arms. Our students greatly benefit from their years of experience and superior skill set. We have seen how our students develop when mentored by retired IT professionals who have the care and patience to grow these individuals.
Micro-Easy Vocational Institute is an IT trade school, with a mission to provide the skills that our students need to get the job they want. Therefore, we need instructors with industry experience such as incumbents and retired IT professionals to train our students for entry-level jobs in IT. Industry certifications such as CompTIA A+, Network +; Security+ can help new graduates get their foot in the door; and help some IT professionals advance on their jobs with better salaries and promotions.
– Kola Onafowode