More Workers Staying Beyond Retirement

Not every person who sees the magical age of 60 looming before them has plans for retiring.  For some, they either don’t want to retire or cannot afford to do so. Outside of the United States, in Singapore, for example, workers over 60 years of age has increased from 57% in 2009 to 65% in 2013.

In 2015, 99% of workers in the public sector who turned age 62 were offered re-employment. Many baby boomers are finding that work continues, even into their golden years.

For those who are looking to extend the number of years that they are in the workforce past age 60, here are some things to consider:

1. Consider why you want to continue to work past age 60. Do you want to work to stay more mentally active, or are you continuing to work for the income? According to AAG, 62% of workers over 60 choose to do so in order to keep mentally active, while 31% do so for the money.
2. Ask yourself who you are now. Are you more career or family oriented at this point in your work life? Is part time employment enough, or would you rather work full time?  Do afternoons and evenings work or are you more comfortable working earlier in the day?  Do you prefer working from home or at an office that is near to your home? Is flexibility of hours that you work important for you at this point in your life?
3. What are your family needs? Do you spend time caring for children or elderly relatives?

Consider also what your own health and well-being needs are.  Check out the full article here at Human Resources Online.

Related: Payroll Self Service? Offer To Your Team Members? Part 1

Everyone has their own needs when it comes to the world of work. When a worker reaches retirement age, they still have valuable experience and can offer a great deal to your organization in terms of human resource capital.  At EinstienHR, we focus on what matters most to you and your employees  by helping you find the right candidate for the right job. We offer a wide range of ways in order to attract, hire and retain top talent for your organization.

Contact us today to find out how we can help and get a quote.  You can reach us toll-free at 770-962-1700 (EMC2).