The country’s economic recovery could be particularly beneficial for Boomers and seniors looking for jobs while they are “retired” as estimates suggest that contingent labor could increase its penetration as employers seek ways to avoid paying benefits.
“Don't assume because you are an executive, a professional or in management that temporary jobs or project assignments are not for you.”
“This is good news for boomers, seniors and retirees, as this demographic is often more likely to be hired on a part-time, temporary or project assignment basis,” said Art Koff, founder of www.RetiredBrains.com, a job and information service for Americans 50 and older.
“Many older workers do not require the company benefits of full-time employment,” said Koff. “They are often in a better position than their younger counterparts who must receive company benefits for themselves and their families.”
Depending on the hours worked, the length of the assignment and other factors, employers can save on contingency labor by avoiding expensive company benefits. It is also a great deal easier to off-board contingency workers than full-time employees. And employers with a departmental or companywide hiring freeze can hire temporary employees from a different budget, thereby avoiding hiring freeze limitations altogether.
The number of Americans working part-time or temporary jobs for economic reasons (often because they are unable to find full-time jobs) has increased substantially. It’s a trend that sees America catching up Europe, where employers use a much higher percentage of temporary and part-time workers than their U.S. counterparts.
According to a Workforce Management article their survey showed "73% of responding employers are planning to increase their use of contingent labor."
And while jobs are still tough to find, there are ways for boomers and retirees to maximize the opportunity. The key is knowing where to look and what to do to improve your chances of being hired once an opening is located. “Temp employment and freelancing are two of the few sectors of the labor market that continue to grow and should be explored by all job seekers, regardless of age or the type of position that’s sought,” Koff said.
”Don't assume because you are an executive, a professional or in management that temporary jobs or project assignments are not for you,” Koff pointed out.
In 2013 and so far in 2014, firms like Kelly Services, Aerotek, Adecco and Manpower placed many thousands – including company presidents, lawyers, controllers, sales managers and senior level managers – in assignments that paid anywhere from $80,000 to several hundred thousand dollars a year. Retirees and Boomers who have the skills and experience can often work several different project assignments and earn more than if they worked for a single company. These types of jobs usually provide no health insurance, sick days, vacation, retirement benefits, severance, access to unemployment insurance or stock options for top-level executives, all of which makes them a particularly good fit for many older workers who can accept temporary or retirement jobs without benefits.
Check out the employment assistance pages (http://www.retiredbrains.com/employment-assistance) which offers a great deal of information employment opportunities and retirement jobs for boomers, seniors and retirees. Jobs can be searched by areas of experience, geographic preference, full-time or part-time opportunities, and temporary and project assignments. The site also provides a great deal of business start-up information (http://www.retiredbrains.com/employment-assistance/start-your-own-business) including a list of franchises (http://www.retiredbrains.com/employment-assistance/start-your-own-business/franchises/franchise-list-and-costs) and the kinds of research necessary that can improve the chances of success in starting your own business.
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