Majority of Workers Plan to Work After Retirement

03.18.2013
HR & Safety

A new study from CareerBuilder suggests that more people may be spending their golden years at the office. 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% last year. The study included responses from more than 680 U.S. workers age 60 and older and more than 2,600 hiring managers and human resources professionals.

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

  • 1-2 years – 27%
  • 3-4 years – 20%
  • 5-6 years – 27%
  • 7-8 years – 6%
  • 9-10 years – 5%
  • More than 10 years – 4%

There is good news for mature workers who are putting off retirement, says CareerBuilder. Employers are looking to hire more seasoned staff, with 48% 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 % of employers saying mature candidates bring a wealth of knowledge to an organization and can mentor others.

More than three quarters of mature workers are putting off retirement, largely due to financial concerns, but also as a personal decision made by people who enjoy their work. The majority of workers who have talked with their bosses about staying on past retirement found their companies to be open to retaining them.

CareerBuilder tips for mature job seekers

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