Companies just don’t take care of their retirees like they used to, gone are most of those cushy pensions, retirement plans and golden parachutes. Folks can no longer expect to be rewarded with a lifetime of financial responsibility in exchange for 20, 30, 40 years of hard work. In light the current economic climate and subsequent dwindling of corporate employee benefits, older workers are looking at putting off their full retirement for several more years to take a part-time job just to make ends meet.
Research shows that employees over the age of 45 make up 25-percent of the workforce but represent 35-percent of the long-term unemployed. Stated plainly, the older workers are having more trouble landing full-time jobs than their younger counterpoints. Taking pay cuts to stay competitive with younger employees is one option older employees have. Another option is to take on a part-time job that allows the worker to maintain some salary and benefits while easing into retirement.
Most part-time positions are lower in level which means that an older person is looking at more junior position – although it should definitely not be considered a demotion. Instead taking a lower-level job usually means that less stress and strife will fill up your workday, great if you were looking to retire but still have to keep working for a few more years.
Taking on a part-time job is a great way to stay connected with other people on a daily basis and stay sharp with daily challenges – both great benefits for aging individuals. Consider a part-time job in a field that you have a particular passion for, it will make it much more rewarding to head to work each day instead of the golf course (or get a job at the golf course)! In addition to the personal, financial and resume benefits senior citizens get from a part-time job, they can also help out a younger person in the field by providing a mentoring relationship. It’s a win-win situation for everyone.