Editors Notes: Unbelievable! If you are in your 40's or 50's you will probably experience another LABOR SHORTAGE during your work career according to the U.S. Census. So what do you have to look forward to in your golden years? A better lifestyle- flexible hours, job sharing and better wages. Is it a dream? What do you think? Am I crazy?
The U.S. Census Bureau estimates that by 2030, nearly 20% of the American population will be 65 or older, compared to just 12.4% in 2000. As these workers retire, the U.S. could face serious worker and skill shortages. Even in the midst of today’s record high unemployment, some firms are getting the jump on this threat by introducing senior-friendly policies and work arrangements. Based on a recent report from the Urban Institute, here are eight features that mature workers can look for in their company that make it easier to continue working later in life.
1. Flexible work hours – such as four 10-hour days in a week, or shifting work hours to earlier or later in the day – can give mature workers more control over their schedule, enabling them to manage their personal obligations (such as attending to aging parents or scheduling medical appointments), or simply give them more flexibility to travel or pursue hobbies.
2. Part-time schedules allow older workers the option to phase into retirement and have more time off.
3. Job sharing (an arrangement where two people share the duties of a single job) can help older workers extend their careers by working more flexible hours and perhaps training or mentoring younger employees. Employers can also benefit from this arrangement because two people sharing a job may have a more diverse skill set.
4. Some companies offer policies that allow mature workers to change jobs within the company. Some older workers may wish to stay with the company but transfer to a lower-intensity position. Others might be tired of the same tasks they’ve been doing for years and be interested in a new challenge. Some companies recognize this and have begun to create options for older employees to transfer into “career deceleration” positions or mentoring programs that allow older workers to train or teach newer employees.
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