Majority of Workers Plan to Work After Retiring, CareerBuilder Survey Finds

 Majority of Workers Plan to Work After Retiring, CareerBuilder Survey Finds

PR Newswire

CHICAGO, Feb. 27, 2013

CHICAGO, Feb. 27, 2013 /PRNewswire/ -- More people may be spending their
"Golden Years" at the office. A new study from CareerBuilder shows that
retirement no longer means the end of one's career. Sixty percent of workers
age 60-plus surveyed said they would look for a new job after retiring from
their current company, up from 57 percent last year. The nationwide survey
was conducted online by Harris Interactive^©on behalf of CareerBuilder. It
included more than 680 U.S. workers age 60 and older and more than 2,600
hiring managers and human resources professionals between November 1 and
November 30, 2012.

When asked how soon they think they can retire from their current job, more
than one-in-ten (12 percent) respondents said they don't think they'll ever be
able to retire. Other responses included:

  o1-2 years – 27 percent
  o3-4 years – 20 percent
  o5-6 years – 27 percent
  o7-8 years – 6 percent
  o9-10 years – 5 percent
  oMore than 10 years – 4 percent

There is good news for mature workers who are putting off retirement.
Employers are looking to hire more seasoned staff, with 48 percent of
employers planning to hire workers age 50-plus this year, according to the
survey. Forty-four percent said they hired workers age 50-plus in 2012.
Seventy-six percent of the employers surveyed would consider an application
from an overqualified worker who is 50-plus, with 59 percent of employers
saying mature candidates bring a wealth of knowledge to an organization and
can mentor others.

"We're seeing more than three quarters of mature workers putting off
retirement, largely due to financial concerns, but also as a personal decision
made by people who enjoy their work," saidBrent Rasmussen, President of
CareerBuilder North America. "The majority of workers who have talked with
their bosses about staying on past retirement found their companies to be open
to retaining them. If you're approaching retirement age but hope to continue
working, an open line of communication is very important."

Mature workers can find job search success by emphasizing the qualities that
set them apart from other workers. CareerBuilder offers these tips:

  oHighlight professional and personal experience –When updating your resume
    or interviewing for a job, think about your experience in terms of both
    work-related and life skills. Whether it's your strong leadership skills
    or your wherewithal to weather a tough economy, use your age to your
    advantage and play up the strengths that come with having more years under
    your belt.
  oStay current – Workers of all ages are going back to school to increase
    their marketability. Attending seminars and workshops or taking formal
    courses is a great way to keep your skills up to date and can come in
    handy during an interview.
  oFind new ways to benefit the company –If you're looking to stay with your
    current company beyond retirement, come up new ways to contribute to the
    organization outside of your day-to-day tasks. Running mentorship programs
    or training new hires are examples of how some mature workers have
    reinvented themselves within their organizations.
  oUtilize your network – Being in the workforce for an extended time gives
    you the advantage of a broad professional network. Whether it's offline or
    online, reach out to former colleagues, vendors, clients, etc. to see
    where opportunities may arise.
  oConsider part-time or freelance work – Fifty-two percent of workers age
    60-plus said they will most likely work part-time once retired. Check out
    job boards, staffing firms and other resources for part-time, freelance or
    temporary work.

Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive^© on
behalf of CareerBuilder among 2,611 hiring managers and human resource
professionals and 682 workers age 60 and older (employed full-time, not
self-employed, non-government) between November 1 and November 30, 2012
(percentages for some questions are based on a subset, based on their
responses to certain questions). With pure probability samples of 2,611 and
682, one could say with a 95 percent probability that the overall results have
a sampling error of +/- 1.92 and +/-3.75 percentage points, respectively.
Sampling error for data from sub-samples is higher and varies.

About CareerBuilder®
CareerBuilder is the global leader in human capital solutions, helping
companies target and attract their most important asset - their people. Its
online career site,®, is the largest in the United States
with more than 24 million unique visitors, 1 million jobs and 50 million
resumes. CareerBuilder works with the world's top employers, providing
resources for everything from talent and compensation intelligence to
employment branding and recruitment support. More than 10,000 websites,
including 140 newspapers and broadband portals such as MSN and AOL, feature
CareerBuilder's proprietary job search technology on their career sites. Owned
by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company
(NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States,
Europe, South America, Canada and Asia. For more information, visit

Media Contact
Jennifer Grasz

SOURCE CareerBuilder

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