LITTLE ROCK, Ark. (News release) - Providing insight into the changing post-retirement landscape, a new survey[i] by Home Instead, Inc. revealed that more than half (53 percent) of workers approaching retirement in the next five years believe they will likely return to work.
In terms of their next move, the majority of those approaching retirement said they will change industries (68 percent) and of those who already “unretired” and returned to work, 65 percent changed industries. What’s more, nearly 80 percent of both groups said they want to make a meaningful impact in their communities in their post-retirement years, such as through volunteerism or a role involving caregiving, teaching or giving back.
“Finding a fulfilling post-retirement career is a driving factor for many older adults,” said Paul Fry, owner of the Home Instead Senior Care® office serving Conway and surrounding communities. “We see many who find that fulfillment as a professional caregiver. Others find new career or volunteer opportunities that fit their skills and passions, allowing them to do something they love or challenging them in a way their previous career might not have.”
According to the Home Instead, Inc. survey, important motivators for returning to work for those who have retired were fighting boredom (44 percent) or keeping their minds sharp (22 percent), while finding new challenges and fulfillment were the most common motivators for those approaching retirement.
Catherine Collinson, CEO of Transamerica Center for Retirement Studies, reaffirmed that with people living longer than ever, it’s important to focus more on maintaining a sense of purpose than holding on to the outdated benchmark of retiring at age 65.
“With Boomers blazing the way, full retirement is no longer a point in time. The transition could be a decade or more, and involve shifting gears and working in a different capacity or finding a flexible arrangement, all with more time for family,” Collinson said.
To help workers start thinking about how to make the most of their post-retirement years, the Home Instead Senior Care network is introducing tips and resources including an online career assessment tool that asks users questions about their interests, skills and ideal work environment before recommending categories of jobs that might suit them.
“We hope the career assessment quiz will help spark ideas for people looking for their next chapter,” Matt McClure said, owner of the Home Instead offices in Little Rock, Hot Springs and Searcy. “Whether you want to make a difference in the lives of others, share your expertise, create something new or just keep busy, we hope this helps you find a great job fit.”
So what are the some of the hottest post-retirement jobs? According to Tim Driver, CEO of RetirementJobs.com, today’s older workers are considering a wide array of flexible options, including at organizations that meet the criteria for age-friendly workplaces.
“Retail sales clerks and bank tellers are among the most popular options, as are jobs that allow you to work from home, such as online tutoring. And caregiving is often a job where creativity is rewarded – giving you the ability to create activities for older adults and get a peek into what older life looks like,” Driver said.
Families can find free program resources and information at UnRetireYourself.com. Or, contact your local Home Instead Senior Care office for additional resources and to learn about professional CAREGiversSM opportunities. Find an office near you by visiting www.homeinstead.com/state.
[i] Home Instead, Inc., franchisor for the Home Instead Senior Care network, commissioned two separate online surveys each consisting of 502 people in the United States and Canada to determine attitudes surrounding a return to work after retirement. One survey was comprised of 502 people in the United States (451) and Canada (51) who have unretired. The other survey was comprised of 502 people in the United States (451) and Canada (51) who said they have plans to retire within the next 5 years. The fieldwork took place between May 7 and 10, 2018.
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