Redefining Retirement

Outdoor senior couple

Retirement is not what it used to be. Modern seniors want more flexibility. You might want to retire as soon as you can, or you might want to keep working, but you are probably looking for an arrangement that does not fit into your company’s rigid retirement policies. Certainly your employer does not want to lose you and the skills you give to the company. How can you and your employer work together to come to an agreement that benefits you both?

Many organizations today are facing a growing population of baby boomers that are reaching retirement age. The US workforce currently has over 33 million workers over the age of 55. Many of these older adults plan to continue working past retirement age, but surprisingly, 58% of those workers have already left the workforce.

Older adults are skilled workers with nearly three decades of expertise. No company wants to lose your skills, especially since many do not have a deep pipeline of talent to fill the positions left by the newly retired. They need older adults to stay at their jobs, but today’s seniors are demanding more flexible arrangements.

Retirees frequently leave their jobs due to high stressors in the workplace and how their jobs affect their personal wellbeing. In retirement, you seek to enrich your life in ways that you cannot with a full-time career. The compromise here is for organizations to give older adults more flexibility in their hours and responsibilities. You have worked for many years, and you deserve those benefits. This is a compromise that allows you to earn money and stay busy while giving you the time to pursue your dream projects on the side.

An intriguing alternative to simply reducing your hours is mentoring and training younger workers. You will have even more flexibility than simply getting reduced hours and you will be doing something meaningful in passing on your knowledge to the next generation. Even if your current company does not see the advantages in this, there are staffing agencies that specialize in finding you part-time work mentoring others.

You have a special set of skills, and today’s companies need to learn to work with you so they can take advantage of your capabilities. Phasing retirement into stages is good for both you and the company.

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