Friday, March 21, 2014

Why Older Workers Make the Best Hires for Temp and Part-Time Jobs


By Art Koff, Founder of RetiredBrains.com
More and more employers are finding it cost effective to utilize boomers, seniors and even “retirees” on a part-time or project assignment basis. Temp firms have been using this resource successfully for years.

An older worker generally needs less training, has a better work ethic and will often take a temporary or project assignment for far less than the hourly rate the person commanded when he or she was working full-time. Employers usually do not have to pay benefits so hiring from this age demographic is a win-win for both as older workers often have less need for benefits than they did when they were younger and raising a family.
A common problem employers have when posting temporary or part-time jobs on general job boards is the huge quantity of response. It is difficult to separate the qualified applicants from candidates that match the job description. Older workers are much less likely to “apply” for jobs that are not a realistic match for their experience and abilities. Some job boards like this one allow posters of jobs to ask up to three qualifying questions at no charge to help focus their response.

Common Misconceptions and Stereotypes
The perception that older workers are less productive than younger ones is false. Numerous studies and research have shown that older workers’ productivity does not fall but rises because of greater dependability, better judgment and accuracy. Studies have shown older workers actually miss less work than younger workers and can learn new techniques and technologies effectively.

Advantages of Hiring Older Workers
Older workers generally have a better work ethic, are more dependable, tend to be more loyal and are more appreciative of having a job and care about doing a “good” job. They are also less likely to be looking for a full-time job while working temporary or part-time.
  • Studies have identified older workers’ assets (compared to younger) as having:
  • Lower absenteeism;
  • A more positive attitude;
  • A commitment to quality;
  • More experience;
  • Superior customer service skills;
  • Better people skills; and
  • Being more punctual, more eager to learn new skills and less likelihood to change jobs.
Reaching Boomers and Older Workers for Temporary and Part-Time Assignments

Many older workers seeking temporary employment will not apply for positions that may be appropriate for them as they often feel they will be discriminated against because of their age. This is a good reason to go to job sites that specifically target this age demographic and allow screening questions to help limit response to more hirable candidates. It is also a reason to craft a message more tailored to this demographic. Check this resource, which provides posting information, links, costs, etc.
Addendum 

Few employers are preparing for the coming retirement of boomers from their workforce in the great numbers that are predicted. As boomers retire, a great deal of experience and knowledge as well as familiarity with the company culture will be lost.
Most employers have not yet instituted programs to retain these boomers and even fewer employers have put programs in place to recruit retiring boomers with the needed experience and knowledge to fill their needs on a temporary basis. Keeping retiring employees on a temporary, part-time, flex-time or seasonal basis is a cost effective partial solution to up and coming workforce challenges.

Saturday, March 8, 2014

9 Tips to Help You Find a Job


  1. Register with temp firms in your local area as they don't care about age but are more interested in your skills and experience. Also if you get work through a temp firm it helps build your resume for future work assignments.
  2. Try to get an interview with an employer that is not your first choice to practice your interviewing skills. You don't want to go to your first interview in a long time with the employer you are really interested in working for and make easily correctable mistakes.
  3. Consider having your resume re-written or updated by an expert as the resume you used years ago is no longer appropriate. Click here for free resume writing help.
  4. Look for temporary, part-time or project assignments as they are much more available than full-time jobs.
  5. Search for a job in areas that connect older workers with employers seeking to hire them. Click here to search for a job and where you can search for a job in any geographic location by job title or keywords.
  6. When applying for a job tell the employer you are willing to start working as a consultant or on a project basis; this often gives you a leg up on younger workers who are often unable to accept this kind of employment. Temporary employment or working on a consultative basis can lead to full-time work.
  7. Get information on the perspective employer prior to your interview. For example contact someone who works for this employer who attended the same school you went to or is a member of your sorority or fraternity saying. "Hi. You and I went to the same school but graduated at different times. I'm interviewing for a position in your firm later this week and, before I meet with the hiring manager, I would like to test out a couple questions I have about the firm on you and see what you think the answers might be." (You might also ask if you can use their name as a reference).
  8. Look at companies with fewer than 500 employees as employers of this size created 64% of the new U.S. jobs from 9/92 through 2012 even though they employ just 55% of the private sector work force according to the Bureau of Labor Statistics.
  9. Volunteer with a charity or non-profit. Although in most cases there is little or no monetary compensation, it is often excellent experience and can possibly lead to employment with a firm that is seeking that particular experience or appreciates your work ethic. It is also easier to find employment while you are working as you have a better mind set. Looking for a job on a full-time basis is not a very rewarding experience. Click here for volunteering information

Art Koff, Founder
RetiredBrains

 

Friday, February 21, 2014

Retirement Considerations: Specifics on When and Where


While most Americans retire in or near the community they have been living, many consider a new locale.

Some move away with dreams of retiring in style, some hope to stretch their retirement dollars and some are simply forced by necessity. Whether you decide to "retire in place" or plan a move, here are three important considerations:
1. Your health and the health of your spouse. 2. Your finances and financial commitments. 3. Your desired lifestyle; what’s important to you and your family.

If your new location does not address these three areas of concern, then you should consider an alternative or staying put. Of course there are many other factors that could be taken into consideration but concentrating your efforts in these three will make it easier for you and your spouse to plan.

Start your planning early but plan in such a way that you can make changes should your needs change.

Things to consider when choosing a location in which to live during your retirement years:
  1. Live within walking distance of basic amenities, such as health facilities, drugstores, supermarkets and banks.
  2. Live within short driving distance of a hospital that has specialists in any area where you have major problems, such as heart, kidney, vision, arthritis, Alzheimer's, etc.
  3. If volunteering is of interest to you, pick a community where there are opportunities.
  4. If continuing your education is important to you, check the opportunities before moving.
  5. If the arts are important, check the availability and locations of symphony, ballet, art museums, etc.
  6. Check the crime rate.
  7. Check the availability of public transportation so you can easily reach stores and the many other places you need to visit as you may not always be able to drive.
  8. Choose a place that is on one level, has halls wide enough for wheelchair access, doorways at least 36 inches wide and has an outside entrance without steps.
  9. Choose a place that has nonskid floors

Remember that what seems great for you and your spouse when you are in your early 60s may very well not work at all later in your retirement years.
More and more Americans are choosing to stay in or near the place where they currently live. There are financial, lifestyle and medical advantages to do so. For details on some of these advantages and modifications to your home you should consider review our information on aging in place .
If your health or the health of your spouse is or can be a problem, aging in place should be given strong consideration. In any case chose a location that is convenient to appropriate medical care.
If you’re considering a move and would like to check the cost of living in another area versus where you currently live, check out this cost-of-living calculator . For a more thorough comparisons, check out the PlacesRated website , which compares most major cities in every conceivable way including climate, educational facilities, sports teams, cultural advantages etc.
If you choose to move to another city or state, you’ll want to consider affordability and how tax friendly your new location might be. Also, the tax and estate planning consequences of a change in domicile — one’s fixed, principal and permanent home — are considerable, as RetireMentor Stephen Williams explains.
And if retiring abroad appeals to you, read my previous columns on what you need to know and seven questions that you should ask yourself before making such a move. And don’t think that by retiring abroad you can escape the long arm of the IRS, as this column on the Foreign Account Tax Compliance Act from fellow RetireMentor Aaron Katsman points out.
If you decide that you’d like some level of assisted care, click on these links for more information on retirement homes , retirement communities and nursing homes .
Disclaimer: Consultation with your physicians, financial advisers, accountants and attorneys are recommended in the areas where their expertise is of value. These recommendations aren’t appropriate for everyone.

Art Koff, Founder
www.retiredbrains.com
 

 

Friday, February 7, 2014

Temporary and Part-Time Employment Increases Dramatically


The country’s economic recovery is particularly beneficial for Boomers and older job seekers looking for employment, as estimates suggest that contingent (other than full-time) labor could increase its penetration from the 13% of employees several years ago to over 40% in 2014.

 “This is good news for boomers, older job seekers 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 45 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 having to pay company benefits. It is also a great deal easier and substantially less expensive 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 (many because they are unable to find full-time jobs) more than doubled in 2013. It’s a trend that sees America catching up Europe, where employers use a much higher percentage of temporary and part-time workers than in the U.S.

According to a Workforce Management article by Irwin Speizer quoting a study, "73% of responding employers are planning to increase their use of contingent labor."

While jobs are still tough to find, there are ways for boomers, older workers and even retirees looking for work 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. “Temporary employment and freelancing are two of the few sectors of the labor market that are growing rapidly 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, 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. Boomers and older job seekers who have the skills and experience can often find 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 job seekers who are more able to accept temporary or “retirement jobs” without benefits.

The web site Koff founded in 2003 now includes a job board that specifically targets temporary, part-time and project based jobs and seasonal employment.  
www.tempandparttimejobs.com/ offers links to thousands of employment opportunities and “retirement jobs” for boomers, older job seekers and retirees. Jobs can be searched by job title, areas of experience and geographic preference The site includes seasonal jobs and jobs with both private and public companies as well as government.

Koff is a nationally recognized expert who often speaks on the issues and challenges that face boomers, retirees and people planning their retirement. He has appeared on NBC and been quoted in Business Week, USA Today, The Wall Street Journal, Money Magazine and many other major publications.

Art Koff
Founder

Tuesday, January 21, 2014

Identity Thefts and Scams: What You Should Do

Identity theft and scams that target boomers and older Americans are much more common than those against younger Americans. 

According to a survey by the Investor Protection Trust, one out of every 5 citizens over the age of 65 has been the victim of a financial scam, and a MetLife survey estimated that older Americans have lost nearly $3 billion a year to financial abuse. Unfortunately a great many of these scams are perpetrated by people known by the victims.

Art KoffThis information is intended to assist those who have been scammed as well as to provide information and resources to help you avoid being scammed in the future.
First the obvious: If you have been scammed or are a victim of credit-card fraud, notify all credit card companies and tell them to issue you a new card. Place a credit-card freeze on your account with the three main credit agencies. You must also remember to place a credit freeze on the account of deceased persons. If you fail to freeze their credit a thief can steal their identity and apply for credit in the deceased person's name. The companies and their contact numbers are Equifax, 800-525-6285; Experian, 888-397-3742 and Trans Union, 800-680-7289.
You should also contact your local law enforcement agency. Complaints can be filed as well by calling 877-IDTHEFT.

How you can protect yourself

If you think you have been scammed or wish to check what you should watch for so you are less likely to get scammed, click here for more complete information on fraud & scams.
Stolen identities: Anyone who believes his or her personal information has been stolen and used for tax purposes should immediately contact the IRS Identity Protection Specialized Unit: www.IRS.gov/identitytheft.

Phishing scams

Phishing is usually carried out with the help of unsolicited email or a fake website that often looks like a legitimate site. The target is prompted to provide valuable or secret personal and financial information. The scammer then uses this information to commit identity theft or financial theft.
Anyone who receives an unsolicited email that looks like it might be from the IRS or an organization closely linked to the IRS, like the Electronic Federal Tax Payment System should report it immediately to phishing@irs.gov.

Phone scams

Under no circumstances should you ever dial 90# on your telephone. If you receive a telephone call from individuals identifying themselves as service technicians from your phone company who say they are conducting a test on the telephone lines and tell you that in order to complete the test you should touch nine (9), zero (0), the pound sign (#), and then hang up. Do not do this. According to all phone companies, if you push 90#, you give the requesting individual full access to your telephone line, which enables them to place long distance calls billed to your home phone number.

Tax-return preparer fraud scams

Most taxpayers use tax professionals to prepare and file their tax returns. Most tax-form preparers provide honest service, but unfortunately there are some that practice fraud and arrange to skim off their clients' refunds or charge vastly inflated fees. Every paid tax-form preparer needs to have a Preparer Tax Identification Number (PTIN) and enter it on each return prepared. Do not sign a form that does not include a Preparer Tax identification Number on it, and make sure you get a copy of your tax return. If you have questions, contact the IRS exam unit at 866-897-0161.

How to best protect yourself

Is your investment a scam? With just four questions, FINRA's Scam Meter can help you tell whether an investment you are thinking about might be a scam. Check the Scam Meter at http://apps.finra.org/meters/1/scammeter.aspx.
The most common scams that affect older Americans are:
  • Health-care and insurance fraud and scams
  • Counterfeit prescription scams
  • Medical identity fraud
  • Funeral and cemetery fraud
  • Fraudulent “anti-aging” products
  • Telemarketing fraud
  • Internet fraud
  • Investment schemes
  • Reverse-mortgage scams
Common sense suggestions to help you avoid being scammed:
  1. Never give anyone you don't know your personal information, even if they represent themselves as your bank, IRS, credit-card issuer, etc.
  2. Never give money to anyone you don't know regardless of the opportunity.
  3. Never give money to friends or relatives calling from out of the country or some obscure location without carefully checking to make sure it is actually your relative or friend.
  4. Be careful of any unsolicited request for funds.
Art Koff, Founder
RetiredBrains

Wednesday, October 30, 2013

Where should I retire? Questions to ask



What are the 3 most important questions to ask and discuss with your spouse prior to deciding where you might retire?

1. How is your health and the health of your spouse?.

2. What is the state of your finances and financial commitments?

3. What is your desired lifestyle; what’s important to you and your family?

If the location you are thinking about does not address these three areas of concern, then you should consider an alternative or staying put. Of course there are many other factors that could be taken into consideration but concentrating your efforts in these three questions will make it easier for you and your spouse to place

Read more in this recent MarketWatch article written by Art Koff founder of Retired Brains.

Wednesday, October 16, 2013

8 Work-at-home jobs for retirees & older Americans

By Art Koff

Many older Americans and retirees are looking for ways to make extra money to help make ends meet.  If you are looking for ways to join the tens of thousands of Americans who work at home in areas like
  • Telemarketing
  • Direct Selling
  • Writing or Editing
  • Working as a Virtual Agent
  • Doing Medical Transcription
  • Tutoring
  • Selling On-Line
  • Freelancing 
or even starting a small business enterprise out of your home, click here to read the article as seen in MarketWatch.

Visit the RetiredBrains Website

If you're looking for a job, caring for an aging parent, are worried about memory loss, have arthitis pain, planning a vacation or even want to continue your education, the information you need is at RetriedBrains.com.