Posts Tagged “Baby Boomers”
How many times have you heard someone say that had they knew something was going to happen in their workplace, they would have left their job and gone somewhere else? It’s not an uncommon situation. When you consider the technological advances that continue to be made, jobs are constantly being replaced by automation. In other cases, the cost of doing business has risen to the level where companies are forced to downsize in order the stay in business.
It is a scary situation for any employee, but what if you are in your 50’s or 60’s? Do you take the changing employment landscape as a signal to just empty your desk and opt for early retirement? In some cases that is the logical choice but what about those mature workers who are not in the financial position to retire early? Or what if quitting work is not an option for other reasons not related to income or lifestyle?
There has been a lot of pressure coming through the aging of Baby Boomers in the workforce. Early retirement at 50 or 55 are not the typical options for many who are cash-strapped or healthy enough to continue to work well into their 70’s. In fact, while decades ago you would only see senior employees holding down ‘token’ positions, that is no longer the case. A midlife career change is forcing more and more 50-something workers to stay on the job longer.
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