To stay competitive, employers are reaching out to workers 50-plus as never before.
With The Value of 401(K) plans and other retirement accounts plummeting, many workers who had been planning to retire are now following the blunt advice of financial advisors: Stay on the job. The good news? Employees age 50 and older are in demand as the availability of younger workers declines. The U.S. Bureau of Labor Statistics projects that by 2016, one in three workers will be 50 or older.
Responding to this shift, many companies are enacting new policies to recruit and retain older employees.
One employee who has benefited from these policies is Mike Peters, a 35-year veteran of Blue Cross and Blue Shield of North Carolina. Peters took early retirement in 2000 after 28 years on the job, but returned two years later to work 30 hours per week.
"My 'retirement' has been pushed back to September 2009 at the earliest because of the current market conditions," said Peters. "Blue Cross and Blue Shield has aways created a very hospitable environment for remaining in the workforce, and now I'm especially glad to have the opportunity to continue working."
To find AARP's Best Employers for Workers Over 50 list, go to www.aarp.org/money/work.
DISCLAIMER: The information and opinions expressed on this blog are not an endorsement or recommendation for any medical treatment, product or course of action by One For The Aging. For medical, legal or other advice, please consult appropriate professionals of your choice.
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The Help You May Need - Starts Here
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Through the days and coming weeks, you will find a substantial collection of what we consider helpful tidbits of information. Please take what you need or want and pass the rest to a friend.
Through the days and coming weeks, you will find a substantial collection of what we consider helpful tidbits of information. Please take what you need or want and pass the rest to a friend.
