Extension of Working Life

Posted by suzanne  on May 25, 2016

People are working during later life. This is a new social trend and it is occurring as the Baby Boomers enter their later years. Recent surveys and polls all point to this shift in Canada.

This trend is occurring for many reasons. Some people cannot afford to retire. They need to pay bills. They need to be gainfully employed past traditional retirement age. They have not saved enough to retire. They are in debt. In other words, they cannot retire and live on a fixed income.

CBC Radio’s The Current highlighted the challenges of some of these individuals. Listen to the podcast.

Other people want to continue working. They gain a great deal from their paid work. For example, work provides self worth and self-esteem, mental stimulation, physical activity and social relationships. Some of these individuals might have retirement savings, so income generation is viewed as a benefit but it is not the primary motivation. They might be professionals who are highly educated. They believe they have more to contribute; they are not ready to retire.

When I started conducting the Redirection Project and investigating later life career development, career shift and career extension, I recognized that there is a dichotomy among older workers. Some must work; some want to work. It is great to hear from older adults about their diverse experiences (and the surveys are still available for participation). Both of these experiences are important to understand; hence, I developed the on-line surveys to reflect both sets of circumstances. The fact is that socio-economic circumstances have changed a great deal since the retirement system was developed.

Indeed, paid work during later life is important. Paid work represents many things to individuals. Motivations for later life paid work are complex. This new trend is a big shift from the previous model of retirement. It is a big shift within workplaces as well. Policy to address this social change must be carefully handed.

This is why the qualitative and quantitative datasets collected through the Redirection Project are critical for gaining a better understanding of later life career development and employment experiences and informing social policy, organizational programs and career development practice. For more information about the Redirection Project, please visit www.MyRedirection.com.

Rethinking Income Security

Posted by suzanne  on Feb 17, 2016

Income security: Retirement Crisis?

The Broadbent Institute report ‘An analysis of the economic circumstances of Canadian seniors‘ is a call to action on pension and retirement issues. This report discusses many challenges with the current system of retirement and pension plans.

The report further explains that many Canadians are at risk of living in poverty during later life. Changes to CPP/QPP, OAS and GIS can provide assistance.

Another solution is an extension of working life. This is where my research on Redirection is critical. I coined the term Redirection to refer to a new stage of career development among individuals.

Individuals age 50 and older can choose retirement or they can redirect and transfer their skills, experience and knowledge into a new occupation or career. For more information, please visit: www.MyRedirection.com.

Leveraging Mature Workers in the Workplace

Posted by suzanne  on Feb 16, 2016

The workforce is aging and the mature workforce has distinct benefits to offer employers. Leading-edge organizations are beginning to understand this. It is exciting to see the strengths of older workers being recognized in Canadian workplaces.

This is because older workers have many benefits to offer employers. At the same time, human resources professionals have a key role to play regarding the career development of older workers. They can develop strategies that move older workers into roles that enhance workforce effectiveness and organizational productivity. In fact, to meet organizational objectives there are five areas for human resources professionals to focus on:

1. Identifying new career pathways
2. Adjusting the organization with HR strategy
3. Redirection reset button
4. New career challenges and projects
5. Career development, beyond traditional retirement

As I outline in the January 2016 issue of HRPA magazine, it is critical to pay attention to these issues. Managers and human resource professionals who understand what an aging society means for their workforce can leverage mature workers in their organization. For more information, I invite you to read pages 31 and 32 here.

The Mature and Experienced Workforce

Posted by suzanne  on Jan 31, 2016

It was a pleasure to have the opportunity to focus on Canada’s aging workforce at the recent symposium devoted to this topic. In fact, since presenting at CEDEC‘s Maturing Workforce Symposium held at Cannexus16 a few days ago, I have continued to reflect on some critical issues.

The aging population equates to an aging labour force and this has implications at the individual, organizational and societal level. These complex issues demand employer policy as well as social policy to help address them.

Older Workers
Life spans have increased and individuals are responsible for saving more for their retirement at the same time that financial markets and investment returns are shaky. It is no wonder various polls report that more people expect to continue working past traditional retirement age.

Mature or older workers have different goals and needs than younger age groups. They want flexibility from employers. They need career pathways that help them meet specific objectives.

Employers
Both the way we work and the linear career path of the past have changed. This collides with our intergenerational workplace and makes it urgent that employers create new programs and policies to facilitate talent management, training and development and career progression.

Later life career development is new terrain in the work-life landscape. Navigating job change and moving into mentorship roles are difficult tasks. In addition, succession planning and knowledge transfer need to be mapped out. Businesses and organizations are trying to identify and understand what this means in their workplace.

Canadian Society
With these powerful demographic and economic forces, we are undergoing a major social and cultural shift surrounding later life work and retirement. We are in a revolutionary transition and social policy is required to help guide and manage this significant change that will affect established social structures in Canada. New evidence-based policies and programs are required.

Finally, these issues are complex. Collaboration and partnership are required to navigate this emerging later life landscape.

Redirection Project

Posted by suzanne  on Jan 26, 2016

More and more people are pursuing a longer working life. Redirection speaks to this rethinking of work and income options for later life.

I coined the term redirection to refer to the new stage of career as individuals transfer their skills, experience and knowledge in a new direction. By pursuing a new occupation, individuals are able to use some of their strengths while learning something new. This provides revitalization.

Northumberland County residents are invited to participate in the Magnet Redirection Project as part of the age-friendly initiative.

Attention Northumberland County Residents, please click here: Magnet Redirection Project.

The Redirection Project examines how Canadians in their 50s, 60s and beyond are turning away from traditional notions of ‘retirement’ to seek new employment. There is a radical change taking place with an expansion of our working lives and re-imagining of retirement as the baby boomers enter what has traditionally been viewed as their retirement years.

The Redirection Project is a CERIC-funded national research initiative. The project consists of a national survey (see below), success stories to help inspire others and a documentary film (see the story contest).
The research examines partipants’ experiences with later life work and career development as they shift gears and pursue new types of work.

If you are age 50 or over and seeking new employment (or have already found your new career), you are invited to participate in important research about this topic in order to help others in similar circumstances.

To participate, please click on one of the following links.
Redirected and working in a career
Seeking redirection and looking for a new occupation

The project has received great coverage in the Globe and Mail.

Recent York University YFile press: September 2015 and January 2016 articles.

Experienced

Posted by suzanne  on Apr 9, 2015

Mature individuals have a great deal to offer. Leveraging their experience, abilities and wisdom is critical in our aging society.

In Western society, there is a tendency to overlook mature and experienced workers. They do not receive the respect accorded to them in the past, or in other countries.

Recently, the New York Times published a lovely compendium of experienced masters - individuals who are at the top of their craft. These inspiring people, of mature age, continue to be highly productive older adults who are passionate about the work they do.

Over and above the meaning and purpose work offers for these individuals, their stories convey several key messages. First, their stories highlight their openness to learning and being present in the moment. These are qualities that need to be cultivated. Also evident is the importance of process and the honing of great works over time. Therefore, patience, dedication and self awareness are critical to becoming a master and developing seminal and socially meaningful work. In addition, they are very inspiring. Finally, I wonder if their age matters because it is their talent and their craft that stand out to me.

In any case, masters is a fitting description for them.

LEWIS H. LAPHAM (2014). Older masters at the top of their game, New York Times Magazine.