- Stay where you are. Don’t retire just yet. The best place to find a part-time job as a retiree may be with your current employer. Three out of four companies surveyed would permit older employees to reduce their hours rather than take full retirement. Obviously based on the survey results not many employers would consider the opposite, which would be having a formal policy allowing retirees to return to work on a part time basis. Also, approximately one quarter of employers that would allow older employees to reduce their hours prior to retirement and would not change the employees’ health benefits during that period of reduced hours.
- Find a new part time retirement job. More employers are interested in hiring seniors, and some are even setting up special recruiting programs for retirement jobs to attract older workers. Why? Well because we’re more reliable, loyal, don’t have day-care or transportation issue, and definitely don’t want to be the next vice president of the company. AARP has formed partnerships with several large national employers who now have programs to recruit, hire and train older workers. In addition, many other organizations help to connect prospective employers and interested older workers, such as the National Council on Aging.
- Become a consultant and use the expertise you developed during your working years to offer short-term consulting or freelance services to companies that prefer to contract with temps on certain projects. Generally, you will need to get a business license, keep records, and file taxes as a business on the income you earn.
- Beome a temporary employee. Temps are used by many businesses to supplement full-time staff or to help out with special projects. Temps often earn as much as permanent workers. Hourly rates range from $10 to $30, depending on the type of work being performed and where you’re located. In addition, about 30 percent of temp jobs turn into full-time positions.
- Take advantage of government programs. Both the federal and state governments have set up a variety of programs to provide job training and employment services to seniors, and so have many local communities.One of the best government programs is the Senior Community Service Employee Program or SCSEP. The program is administered by the U.S. Department of Labor and helps low-income people 55 and older prepare for a variety of community service jobs. you should check with your state Employment Security Department, Department of Labor, or Department of Aging for other senior employment programs in your area.
Fortunately for people in our age bracket, as more seniors decide to incorporate retirement jobs into their retirement plans, many companies are finding it necessary to start hiring more older workers. Part of the decision to create more retirement jobs is driven by the demographics of an aging workforce.
- In 2010, more than 51 percent of the workforce was 40 years or older, a 33 % increase since 1980,
- The the number of workers aged 55 and older will grow from 13 % of the labor force in 2000 to 20% by 2020.
“Long-standing human resources practices invest heavily in youth and push out older workers. This must change – and public policy too – or companies will find themselves running off a demographic cliff as baby boomers age.”
The above was written by the Harvard Business Review and should give you some confidence in that if you are considering a retirement job, now is a good time to start planning and looking for your retirement job.
Charles “Buzz” Smith is SR Curmudgeon and VP of Consulting Services for OPI National Outplacement. OPI National Outplacement and Career Transition Services Located in Knoxville, Tennessee.