02 May Over 50s – The New Work Generation
In 2003, Delia Smith, a celebrity chef in England, announced her retirement from her television cookery show, but she made a comeback with a six-part series airing on the BBC in spring 2008. Delia is still going strong and, as she’s getting older, seems to be doing more and more – she launched the Sainsbury’s Magazine and is still publishing cookery books in her 70’s.
After decades of working in the same field (or in the same company), the baby boom generation (born in 1964) are now over 50s and nowhere ready to retire. Many of them are hankering for a second opportunity but, with so many possibilities, embarking on a new career path can be a daunting prospect.
You could start a new company or a charity. What about going back to school to teach others for a career or turning your hobby into a job? Additionally, new trends have been identified in a key report : The Global Entrepreneurship Monitor (GEM) UK has found more people than ever before are starting a business after the age of 50.
The report further reveals that the UK outperformed European comparison countries, such as France and Germany, on almost all entrepreneurship indicators in 2013 – levels still remain just above the average.
Why is there a demand for employment among those of state pension age?
A research conducted by the Equality Human Rights Commission UK revealed that there are many reasons for people to carry on working into later life, both through choice and necessity. Some of the other reasons include:
- Many people want to remain economically active beyond state pension age (64 percent of women and 24 percent of men)
- Around 60 percent would like to work on a part-time basis
- Some 40 percent would like to stay in their current jobs, but with greater flexibility options
- 10 percent of men and 7 percent of women would like to set up their own business, once they reach state pension age
- More than 36 percent of unemployed over 50s are highly enthusiastic about wanting to have a paid job
Why flexibility, choice of hours and location matters to people over 50
Whilst many over 50s enjoy their jobs, a majority of 55 percent say they are not content with some aspects of their working lives, according to this report. Asked about their barriers to their ideal job they said:
- 50 percent of people say there are no part-time or flexible jobs available
- 27 percent would like to change the number of hours they work
- 17 percent would like to be able to work from home
- To enable their transition back into work, 37 percent of men and 50 percent of women say they need flexible work arrangements
How do you want to spend the rest of your life?
Many older people are keen to carry on working or to embark on new careers, but they often face obstacles caused by stereotyping and inflexibility. Here’s a solution.
In 1994 to 1998, Arise Virtual Solutions Inc. was founded to provide home-based job opportunities for people with disabilities. By 1998, 75 percent elected to work from home for other reasons including: caring for the elderly, single parenting and caregivers looking after someone at home.
Start your search with confidence and take advantage of Arise’s flexible working options, to help ease your transition back into the workforce.