New research shows that more workers of retirement age are staying in their current jobs or returning to work, in part because of the sinking economy and dwindling nest eggs.
Many of these older employees aren’t seeking full-time return at their past pay rates. They’re hunting for “bridge jobs,” lower-pay, part-time posts that they’ll want for about five years.
The majority of older Americans now use bridge jobs to transition from full-time employment to full-time retirement, says a recent study by Boston College’s Sloan Center on Aging & Work. It found that 60% of people age 51 to 61 worked on a bridge job after leaving a career job. More than half of the jobs were part time.
A recent survey says 80% of boomers plan to work in retirement either because they want to or for financial reasons.
Bottom line: Bridge jobs will become the norm as today’s workers reach retirement age.
So what makes your organization age-friendly to these “bridgers”?
The Boston College study says older workers aren’t content with cookie-cutter jobs, such as big-box store greeters. They’ll be looking for more productive and creative work.
Tops on their want lists, according to the study, increase challenge, innovation, low-hassle and intergenerational interaction.