Realizing the Employment Potential of Older Americans
By krisplantrich on Apr 1, 2008 in Career Management, Career Development, Featured
Discrimination is a word frequently associated with older workers. As workers become seniors they are often “traded in†for younger, less expensive employees. The older workers find themselves discriminated against because of age, physical abilities, health conditions, health care costs, and stereo-typical attitudes on learning ability of older people. Because of this many employees take early buyouts or are laid off and feel they had no say or choice in the matter.Â
The high cost of health care for older workers can be a deciding factor to layoff older workers or in choosing younger over older candidates. Studies show however, that older workers take less time off then younger workers and the savings can be worth the additional health care costs. They are not taking time off for family vacations, child or parent care, maternity leave, and other factors that usually affect the younger workforce.Â
The allure of retirement for most includes leisure time to do the things that have been put off for years or decades, increased travel, enjoying hobbies such as golf and fishing and spending time with their children and grandchildren. Many seniors are finding however, they prefer working. The excessive amounts of “leisure time†end up driving them crazy and they decide they want something to stimulate their minds. Savings and retirement funds in reality are often much less than expected and the dreams of travel or a second home just aren’t financially feasible. Â
Although this sounds bleak for many our baby-boomers, there is a growing need for skilled and experienced workers and many companies are taking a hard look at the benefits of finding seasoned workers to fill those jobs. The Federal Government expects to lose nearly one third of its workers in the next five years and is looking at to ways to utilize the resources older workers have to offer. Private sector employers are beginning to realize that older workers offer financial benefits as well as an abundance of experience.Â
Many seniors favor the idea of working part time, consulting and mentoring, working from home or working, for less pay or without insurance or added benefits. Employers save money on sick time, benefits, training costs, and employee turnover. Employers report that for the average dollar of accommodation spent the company earns up to $35 in benefits. The pendulum is slowly swinging to favor the desirability of older workers; and having fewer expenses at this stage in life allows them the freedom to make creative changes in their careers.Â
Seniors wishing to develop consulting businesses, change careers, locations, or industries can do so at this time. It is an ideal time to look into fulfilling life-long dreams and earn what they need to live a comfortable life. Many times these new careers are easy transitions while others require additional education, training, or certifications. Â
One bold senior made a career change from providing counseling services to driving yachts up and down the East coast for their wealthy owners, was a dream come true for one retiring baby-boomer. For this seasoned boater, acquiring a Captain’s license and making the right connections was all it took.Â
So, what can you do if you either want to or need to continue working as a senior and are looking for a job? Know that many companies, especially smaller businesses are seeing the advantages of hiring retirees. Be proactive, be persistent and be looking for opportunities. Â
Update your resume to focus on your new career goals. Pull the most relevant achievements and skills from your extensive professional experience to create a concise, powerful resume. Use your years of contacts to find available opportunities and connections in the industry, company, location or position you are looking to move into. Â
Be positive and persistent, attitude is action and if you are confident in your abilities others will be too. Â
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