As the oldest of nearly 76 million Baby Boomers reach retirement age in 2008 and less than 50 million workers replace them in the workforce, there are many reasons why, besides the impending worker shortage, employers are scrambling to hire and retain this maturing workforce.
There is, however, some good news for employers. According to studies, nearly 80% of Baby Boomers plan to work in some capacity well past retirement age, either part-time or full-time with flexible schedules. In addition to easier schedules, Baby Boomers are expected to venture into new career paths. Some want less stressful or labor intensive careers that will allow them to incorporate volunteer work and family time, and others want learn something new that will continue to stimulate them mentally.
For Baby Boomers interested in changing careers, or continuing to work after they reach retirement age, Forbes recently released a Top 20 Jobs List. Below are just a few jobs that are in high demand for Baby Boomers.
• Nursing: $20-60 plus based on training, level and specialization
• Health Care Administration: $10-15 per hour for clerical; $20-30 for professional; $25 plus for managerial positions
• Teaching Aide: $8-$15 per hour based on level of responsibility and qualifications
• Merchandise and Grocery Retailing: $8-15 per hour for sales associates and customer service; $15-30 for supervisor or manager
• Office Clerical and Administrative: $9-12 for entry clerical and administrative; $12-16 for skilled administrative staff
• Franchise Business Owners: earnings vary based on several factors
With so many Baby Boomers planning to stay in the workforce, many employers are finding ways to accommodate this generation and entice them to work for their companies. AARP recently released a report of the best companies for employees over 50 to work for. To check out the list, click here.
Are you planning to work or change careers after retirement? Does your employer provide benefits or incentives for older employees to stay with the company?