Barrons Offers Some Tips For Senior Adults Returning To Work
July 22, 2022
By Michael Yublosky
Barron’s published an online article earlier this week entitled “Don’t Plan to Retire Until You’re Age 70 or Older? Here’s How to Stay Relevant.” It offered some tips which are also applicable to senior adults 50+ looking to change jobs or reenter the workforce after retirement.
The article focuses on saving shortfalls impeding retirement plans. The same circumstance can by applied to a lot of retirees who find inflation biting into their retirement savings and forcing them to look for jobs after retirement.
It cites a recent survey that claims “nearly half of retirees say they retired earlier than expected…” A majority had health or disability problems or were forced to retire due to circumstances such as closing, reorganizing or downsizing where they were employed.
The tips to boost your relevancy (I include some personal observations) are:
1. Staying at your current job. We have often written that the first call an older adult wishing to return to work should make is to their former employer or a company in the same industry. This is especially true if you left on good terms and were well respected and competent in your job. The article quotes “there’s room in every industry for people with strong brands and name recognition.”
2. Increasing your visibility by being published is another clue to becoming a recognized expert in your field. This is often referred to as a ‘subject matter expert’. I helped a friend land a position after he got bored with golf after six months of retirement and unsuccessfully tried to start a consulting business. He needed the routine of a job after retirement to keep him busy. I suggested he start writing online articles in his field. Within a few short months he was recognized (or discovered) and recruited for a position offering him 50% over what he would have accepted.
3. Continue or further your education. Companies and recruiters frequently look for recommendations from teachers and professors. I know, since college professors contributed to my securing at least two of the positions I held in my first career after college in human resources. (This was called personnel and industrial relations in ancient times back then.)
4. Pivot and consider following a life’s passion. This may mean learning how to market your skills and sell to prospects. Franchises and multi-level marketing are options. There are numerous in person as well as online networking platforms available since the arrival of COVID and rush to digital communication platforms.
5. Stay current and increase your digital skills to impress future employers. Get familiar with social media sites. Learn the industry and digital jargon that will enable you to “wow your interviewer” with your hands-on knowledge.