Life begins at 50…

March 25th, 2015   |   Posted by

About Harry Parker

Follow my journey as I share the roadmap to living a comfortable retirement. Like many people around my age we are redefining what retirement is all about. Our generation is not satisfied with just sitting around waiting for time to pass. We’re breaking the rules and making our latter years mean something.

Jenni jackson

Reports have recently come up stating that Britain will soon be facing a jobs crisis. Various research studies have pointed out that if the government does not address the issue, Britain will soon face the problem of not having enough workers to address demand. While various companies and organisations can recruit workers from other countries, this is just a band-aid solution and will not completely address the problem. Over 50s are stepping in to rescue Britain and Prince Charles are vouching for them. [Prince Charles bid to employ over 50s]

Older Workers are Furthering Their Careers to Face the Looming Job Crisis

Retraining

flexible working
According to MetLife 63 per cent of adults aged 50 or over say they are considering retraining so they can carry on working well into what was previously retirement age.

Once highly discouraged, shifting careers, especially for older workers, is now seen as a solution to the looming jobs crisis. As a result, these older workers looking for a new position in another line of work undergo retraining. In fact, according to MetLife 63 per cent of adults aged 50 or over say they are considering retraining so they can carry on working well into what was previously retirement age. Various organisations have retraining programs for older workers, no matter how different their previous work positions may be. In the past, many of the older workers can be seen putting on price tags and taking care of inventory in the groceries but with retraining, they go on to become managers and insurance agents.

Apprenticeship

For those older workers who can no longer handle the regular workload, especially for a different position, but still refuse to retire, they can just opt to become apprentices. Unlike in the past, apprenticeship is now no longer just for the young workers.

More and more older workers are becoming apprentices; in fact, data shows that there are more apprentices well over the age of fifty compared to those in their teens and early twenties. Surprisingly, the studies also show that older apprentices are much more favourable to companies.

Reskilling

Many employers regretfully let go of employees in their fifties or sixties because of their age, as some of them have company policies setting age limits for various positions. While they personally do not want to force their older workers to retire, they cannot go against company policies so they do so. Fortunately, the government has lifted the imposition of age limits for various work positions, allowing the older workers to continue working. And in order to let them continue working, these older workers undergo reskilling not only to enhance their current skills but also learn new ones. This is the reason why there are plenty of computer classes that are specifically organised for older workers.

Entrepreneurship

Entrepreneurship has also become another option for older workers. With this, they have the chance to pursue the field that they have wanted for the longest time, something they were unable to do while working full time. Having a business will not only help entrepreneurs financially but they will also be contributing to economic growth especially upon achieving great success.

Life begins at 50 for the army of middle-aged workers.

The major reasons why employers prefer keeping older workers in their current, or even new positions, are not only because of their experiences and networks but also because of their work ethics, which they have gained over time. Older workers have learned to deal with people from various walks of life so they already know what to do and what not to do in certain situations, something that younger workers are still learning about. Older workers are also much more amenable to learning new skills because they know that they now have much more limited career options compared to when they were younger so they take advantage of all the trainings and lessons they can get to go further in their jobs.

Harry Parker

Follow my journey as I share the roadmap to living a comfortable retirement.

Like many people around my age we are redefining what retirement is all about. Our generation is not satisfied with just sitting around waiting for time to pass. We’re breaking the rules and making our latter years mean something.

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