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Encore careers are careers that begin after the traditional retirement age of 65 and often involve a new field with a focus on public service. They can be altruistic or financially motivated, and many colleges offer training for those looking to change careers. The rise of older people in the workforce can help dispel biases towards age.
An encore career is a career that begins after the traditional retirement age of 65. Encore careers often involve an entirely new field, which may mean additional education or training is required. Many involve a greater focus on public service and work that people find meaningful in some way. The growing popularity of bis careers is seen as a positive benefit to the workforce as it increases the number of people working and contributing to society.
Since life expectancy rose dramatically in the 20th century, many people who retired at age 65 have become bored and restless. Although they were entitled to retirement benefits and treatment as seniors, they found the retirement environment not to their liking and an increasing number of seniors began to embark on careers. Some people started even earlier, in middle age, moving from their first career choices into a different field.
Typically, an encore career is designed to satisfy a desire for public service and a positive contribution to society. For example, someone might develop new educational tools, work with a women’s advocacy organization, or help with an outside aid program. Many baboomers who changed careers in midlife cited the desire to do something positive for the world as the main reason for the change. Sometimes people take existing skills into an encore career, while in other cases they start over, bringing new skills and decades of experience to their new chosen field.
While the reasons for entering an encore career can be altruistic, there can also be a financial motivation. Some seniors are concerned about the amount of their benefits or want to ensure they are covered by good health insurance. Others may not have enough retirement benefits to make full retirement an option, so they seek a career that will support them in their old age.
Several colleges have recognized the bis career demographics by offering training specifically geared towards people looking to change careers. The increase in bis work has also led to an increased focus on aging in the workplace, as many seniors struggle when looking for employment due to unhealthy attitudes towards age. The rise of older people in the workforce can help to dispel some of these biases, allowing people to see firsthand that older members of the workforce can be very productive and positive assets.
Asset Smart.
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