A CNN.com article by Matt Ferguson, CEO of Career Builders, listed rehiring retirees as one of the top business trends in 2007. In past decades, many businesses saw early retirement incentive programs as a means of reducing high end salaries and cutting business costs. Now many companies are rethinking that decision and rehiring retirees or implementing creative programs designed to retain older employees. Retirees and workers eligible for retirement are also finding extending their working years as an attractive option. Some are unwilling or unable to live on retirement income, as documented in reports from the Center for Retirement Research at Boston College. Others miss the challenge and social aspects of the workplace. Kiplinger.com writer, Mary Beth Franklin quoted AARP research figures showing 80% of retirees or those nearing retirement age plan to continue working in some capacity.
Flexibility on the part of both the mature worker and the employer seems to be the key to a symbiotic relationship. Mature employees may want to try a different job, work a flexible or shortened schedule, or time share a job. They may be willing to sacrifice benefits and salary to become part of the baby-boomer rehire trend.
The following organizations and state entities are available to match your business needs with mature workers and retirement rehires:
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