Stewart notes that those who’ve always dreamed of a new career after retirement are finding that they need to re-start at the bottom of the ladder. The need to begin at ground zero in terms of both position and salary has come as a shock to many retirees who believed that their experience would allow them to enter into a new job with a good position and substantial salary. For most, this hasn’t been the case, Stewart points out.
The columnist reports that employers in general have not responded to individuals' "overwhelming desire" to pursue a different line of work in their second careers, according to a Harris study, which was performed for their client Merrill Lynch.
In the survey, 71 percent of adults said the ideal retirement would be to continue working in some capacity though perhaps cutting their hours or responsibilities. Two-thirds of adults who expect to do some type of work after their first career has ended would prefer to try a new line of work, the study found.
However, workers and employees aren’t in sync with their thinking, the study notes. Of the companies surveyed, 84 percent expect their older workers to shift to part-time employment after the traditional retirement age of 65, but only 17 percent of individuals who plan to work in retirement said that was their goal. Thirty-eight percent said they preferred switching between work and leisure in a less structured pattern.
In addition, 25% of those individuals 60 years of age or older who are seeking employment are having difficulty finding a job. Most believe that this problem is due to their advanced age. The study found that companies direct more resources to attracting younger talent rather than in retaining older people
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