It
sounds like an oxymoron, but the concept
of working in retirement is fast
becoming the norm for many older
Americans — forced by dwindling
financial resources and a recessionary
economy to stay in or return to the job
market.
Longer
lifespans and a desire to remain
productive and connected already had
begun pushing the number of older
workers higher. Now the financial crisis
is accelerating interest in working
later, with career sites and
organizations for seniors and older
workers reporting a surge in job-hunting
efforts.
Sixty-three-year-old Marian Austin of
Alfred, Maine, is among those who need
to work again just to make ends meet in
retirement. In this economy, her late
ex-husband's Social Security isn't
nearly enough.
"It's
been difficult," said the former gift
shop owner and retail manager, who
retired two years ago. "I don't know how
I will pay for fuel oil for heating. I
can't walk into a grocery store and buy
what I want. I don't look forward to
Christmas because I can't buy gifts this
year."
AARP,
the nation's largest advocacy group for
older Americans, saw dramatic evidence
of the trend in September when more than
2,000 people attended its annual job
fair in Washington, D.C., more than
double the previous year's attendance.
The job-seekers included many who had
been recently laid off and retirees
worried about the economy and the
pressure on their limited resources.
"We've
definitely seen an increase in the sense
of urgency in terms of jobs," said
Deborah Russell, the organization's
director of work force issues.
A
market for retirement jobs essentially
emerged a decade or so ago. Now postings
for those at or approaching retirement
age are an important and growing
phenomenon in the labor market, as
evidenced by online job boards that
include RetirementJobs.com,
RetireeWorkforce.com and
Seniors4Hire.org, which cater to not
just retirees but anyone 50 and older.
Demand
for such resources is only likely to
grow with the graying of the work force
expected to continue. Workers age 65 and
over are expected to account for 6.1
percent of the labor force by 2016, up
sharply from 3.6 percent in 2006,
according to the U.S. Bureau of Labor
Statistics.
"For
decades we've been making it easier for
people to get out of the labor market,"
said Marc Freedman, CEO of Civic
Ventures, which focuses on helping older
baby boomers launch second careers
involving social contribution. "Now
there's a growing need in the opposite
direction."
Despite the increased opportunities,
seniors may find the job market for them
is as tight as for everyone else in a
struggling economy.
Going
back to work part-time should help
Austin get by, but getting hired for a
worthwhile job in retail, merchandising
or working with disabled people is
proving tough. She wonders if age
discrimination is a factor.
"A lot
of these folks who are hiring are in
their 20s or 30s and they think people
in their 60s are ancient," she said. "If
it comes down between you, with a lot of
experience, and a younger person, I feel
they're going to go with the younger
person."
One
concern is that, despite their
strengths, older workers often are
perceived to resist training, dislike
answering to younger bosses or have poor
computer training, according to AARP's
Russell. Seniors need to assess their
skills and seek out job-searching tips,
particularly if they haven't gone
through the process in recent years, she
said.
"The
job market has changed," Russell said.
"Employers are accepting job
applications online, they expect to see
your resume online, interviewing has
changed, so it's important to keep up."
AARP
has a program that helps age 50-plus
workers with job opportunities — its
National Employer Team, which connects
job-seekers with a wide variety of
opportunities.
RetirementJobs,
which lists more than 30,000 jobs across
all 50 states, has seen a surge of
retirees come to its site since the
economy soured, with traffic doubling to
400,000 visitors a month between July
and September.
"About
four to six months ago we started seeing
a significant new group of people,
already retired, who needed to return to
work," said Bob Skladany, chief career
counselor at RetirementJobs and an
adviser to AARP on work-related issues.
On top
of that, he said, the wave of layoffs
this fall has been bringing in younger
job-seekers from 50 to 53.
The
good news is there are still plenty of
jobs available for the 50-and-up work
force, he said. Sectors that are hiring
in significant numbers include health
care and home health care, retail and
hospitality, and customer service
openings of all kinds exist, Skladany
said.
On the
plus side, mature workers appeal to many
employers because they are seen as
hard-working and more dependable and
loyal than younger peers. That makes it
much more common for companies to now
hire people up to their mid-60s,
according to Bob Hoberman, a partner at
Holmdel, N.J.-based RW Consulting Group,
which operates RetireeWorkforce.com.
Still,
getting hired at 65 or over by a new
firm can be challenging, he said.
Employers may not want to hire older
workers because of health concerns or
other issues.
"I
think companies certainly are looking to
retain their own people over 65, and
it's not going to be unusual at all for
people to work till age 70," Hoberman
said. "But whether they're as willing to
hire someone over 65 from the outside
remains to be determined."
50-and-over population. Also includes
targeted career resources and articles
for older workers.
•
WiserWorker.com (www.wiserworker.com)
enables baby boomers and older workers
to search for job listings by keyword or
location and provides career articles
and resources plus listings of local job
fairs across the country.
•
YourEncore (www.yourencore.com)
seeks to match retired engineers and
scientists with companies that need to
meet a capacity surge or fill a
short-term need, with clients that
include Fortune 500 firms such as
Boeing, Eli Lilly and Procter & Gamble.
The retirees sometimes are brought in as
temporary mentors for new hires.