March 12, 2012 4:18 am
According to a recent article by Amy Chulik for the Careerbuilder.com blog, “The Hiring Site,” the fading out of traditional retirement may not be so far off the mark. Fifty-seven percent of workers ages 60 and older said in a recent Harris Interactive study that they would look for a new job after retiring from their current company. Some workers are postponing retirement out of economic necessity; they just can’t afford to quit. Others, however, are choosing to continue the nine-to-five routine for a variety of reasons.
The survey, conducted on behalf of CareerBuilder and PrimeCB.com (CareerBuilder’s job site for mature workers and retirees) among 3,023 hiring managers and HR professionals and 878 U.S. workers ages 60 and older, also found that 11 percent of respondents said they don’t think they’ll ever be able to retire.
That said, there were a significant amount of respondents who do see retirement as an option within the next several years:
- 1-2 years (26 percent)
- 3-4 years (23 percent)
- 5-6 years (22 percent)
- 7-8 years (7 percent)
- 9-10 years (7 percent)
- More than 10 years (4 percent)
- 43 percent of employers plan to hire workers ages 50 and older this year.
- 41 percent said they hired workers ages 50 and older in 2011.
- 75 percent of the employers surveyed would consider an application from an overqualified worker who is 50 or older, with 59 percent of those employers saying they would do this because mature candidates bring a wealth of knowledge to an organization and can mentor others.
As Rosemary Haefner, vice president of human resources at CareerBuilder, points out, many workers are moving away from a traditional “retirement” concept and instead seeking “rehirement.”
“Whether mature workers are motivated by financial concerns or simply enjoy going to work every day, we’re seeing more people move away from the traditional definition of retirement and seek ‘rehirement,’ Haefner explains in Chulik’s article. “At the same time, employers are seeing the value these mature workers can bring to an organization, from their intellectual capital to their mentoring and training capabilities. In a highly competitive job market, mature workers can use these skills to their advantage.”
Published with permission from RISMedia.