19 May Going Back to Work After Retirement
The number of men and women returning to work after retirement has doubled to 1.4 million since the 90s. According to Rick Kanabar, doctoral candidate at York University, people who come out of retirement could “contribute significantly to the British economy”.
A paper by the Institute of Fiscal Studies stated that employment rates for 60-year-olds has risen by 7%. There are a number of reasons why people choose to continue working after retirement – whether to stay physically fit and mentally healthy or to find an additional source of income.
The Prudential Survey has found that one in three people over pension age are either still working or plan on taking up a new job.
The research also found that one in six retired people return to work as a volunteer in order to give back to the community. The Office for National Statistics data analysed by Prudential showed that people who return to work tend to find employment in the education and agriculture sectors or as secretaries.
Job Ideas for Retirees
Regardless of the reason, there are a number of post-retirement jobs that offer flexibility and financial stability as well.
Here are a few options that you might want to consider when looking to return to work.
Work as a consultant
Most retired individuals have specialised or extensive experience which is why they could opt for a career in consulting. Leverage your years of experience, training and connections to find clients.
There are a lot of organisations that have a high demand for experienced consultants who can offer advice and know-how to grow their brand. Such companies can also afford to pay consultants well because they don’t have to pay for the benefits associated with full-time employment.
Build a strong clientele base to ensure that you have enough work coming in. One of the good things about working as a consultant is that you can set your own hours and work at a pace that you find comfortable.
Find part-time employment
Even if you’re returning to the workforce because you miss being employed, you might not want to go back to working full-time or working long hours.
There are quite a few part-time employment options that you can tap into, whether it’s in retail, education or childcare. Choose a part-time work option that would make you happy. You might want to check with your old employer if they want to hire you part-time, consider working as a temp in an office or even choose to volunteer for a few hours a week.
Set up your own business
If you’ve always wanted to be a business owner but have never had the time, then now is your chance to take the plunge. You might want to consider turning your hobby into a business or turn your previous work experience and expertise into a lucrative business.
One of the most important factors for setting up a business in the 21st century is knowing how to use technology. This, combined with your know-how and industry contacts, can help you come up with a good business venture.
If you want to set up your own work-from-home business, then you might want to consider joining the Arise network. Arise provides a virtual platform to connect primarily work-at-home service professionals running small call centre businesses to Fortune 500 and other large companies.
Going back to work after retirement is a great opportunity to work on your terms while leveraging your passion.
To know more about Arise, you can get in touch with us here.