Many of us spend our careers working toward a shared goal: retirement. However, studies are showing that individuals are becoming increasingly more restless in retirement. This is especially true for the baby boomer generation, who is currently in the midst of ‘the great retirement.’ This generation was raised to value their work, taking pride in their accomplishments and many times defining their identity by their careers. Once they reach retirement, they soon find themselves at a crossroads with no clear pathway to fulfillment.
Where Do We Go From Here?
The baby boomer generation defined themselves by their commitment to hard work, long work weeks, and company loyalty. Placing work at the center of their lives, many spent decades putting in extra hours and forgoing vacation days to pursue their climb up the corporate ladder. It’s no surprise that the abrupt transition into a lifestyle where everyday is like Sunday can leave them feeling unmotivated, unfulfilled, and a little lost.
Lack of fulfillment isn’t the only concern this generation has with retirement. Baby Boomers were hit by two economic downturns a decade apart late into their careers. Many of them suffered a significant loss in their retirement funds with little time to recover, leaving them feeling less financially secure heading into retirement.
The Great Boomerang
Whether concerned over their financial stability or craving the mental stimulation their jobs provided for decades, this has led many recent retirees to consider rejoining the workforce.
With the current market reeling from the labor shortage and waging a war for talent, many retirees are realizing the demand for their skillset is at an all-time high. Employers are enticing many retired employees back to the workplace with offers of contract work to help ease the current demand.
This has presented the unique opportunity for retired baby boomers to boomerang back into the workforce, this time with the flexibility of short-term and/or part-time employment. Having the ability to re-enter the workforce on their terms reinforces their financial stability and scratches the itch of finding purpose and mental stimulation in their new lifestyle. This movement of semi-retirement has given employers access to a pool of highly qualified, experienced talent to help ease the demand of the turbulent market.
Transitioning Back Into the Workforce
At Congruence Talent Solutions, we have a deep understanding of the current market and the challenges facing both employers and talent. If you’re looking to transition back into the workforce, we are ready to help you define the balance you seek and provide the opportunity that is right for you. Give us a call today to learn more about contract employment opportunities.
About Congruence Talent Solutions
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