Baby boomers over the age of 65 are coming back to work! They are experienced managers with developed social skills. Their understanding of corporate organizations and specialized knowledge acquired over the years are traits that employers need to integrate and train the new generations of employees coming into the workplace.
The recession of 2008 emphasized the impact of uncertain economic episodes on retirees lifestyles. These older members of society provide a full-bodied soup of contract talent for jobs. Employers need to build new work environments for success which involve integrating workers from several generations. Research has shown that over one-third of today’s workforce perform freelance work.
The 2018 U.S. Workforce Report on Adecco provided the following work life statistics:
1. 13% of retirees need extra income after retirement. 67% of retirees who returned to work for money were over the age of 65. These employees provide a pool of talent that your competition may overlook.
2. 3% are bored with retirement.
3. 33% of all talent perform full or part-time freelance work. Baby boomers are attracted to the part-time, work-from-home options that have become more plentiful through technology. Freedom from commutes, 9 to 5 hourly schedules, and flexible workloads appeal to the retired, independent worker.
Start-ups and small businesses probably have more need to hire the experienced worker. It makes sense that an employee who may already have their insurance and retirement secured would save an employer benefit dollars. An arrangement between these parties would be mutually beneficial to all involved.
Today’s seniors are aware of the need to exercise the brain and body after retirement. Intellectual pursuits utilizing developed skills stimulate the mental processes necessary to stay alert and pertinent. Baby boomers are looking for freelance contract work that enables them to keep pace with increasing cost of living in America. This baby boomer is no exception!