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Being Self-Employed

Transition from Full-Time Employment to Being Self-Employed Times are changing—and perhaps it it’s all for the better. Not too long ago, retirement means a season to cap of years of hard work, but now more and more retirees are looking to establish an encore career. While there are retirees who opt to be engaged in a full-time work, there are those that seek some respite through part-time work, often equated with being self-employed. Part-time work refers to that situation where an employee works less than full workweek. A part time worker performs work fewer hours each day of the workweek or fewer days per week. This is considered as a flexible work option, giving the retiree the chance to enjoy both times off and time at work as he/she pleases. The transition to a full-time work to a low-stress part-time work may be challenging yet equally rewarding. Downgrading the amount of work done a day or the hours spent around colleagues and work generally, may mean altering daily habits and schedules which the retiree has been used to for years. However, this adjustment only leads to a more relaxed setup, allowing the retiree to earn yet relax during his/her retirement. This transition could also be in the form of downshifting in the field you love. Perhaps engaging in an industry that the retiree has wanted to do all his life is a great option. Start with small steps—familiarize with the trade—and engage in the industry. They can also venture on existing knowledge and skills instead of shifting to unfamiliar fields. It is worth noting though that the urge to reinvention could bring about financial and emotional rewards than an old venture would. There is always that thrill to discovering something new. Some industries though will require retirees to pick up additional training or education throughout the transition. As they say that “Older people values flexibility”, there’s no doubt that transition from full time work to part time one during retirement will just a walk in the park. Could be...

Companies want people who don’t have to work

Some retired folks find it easy to get a part-time job if they don’t need the money. If the reasons for working is more than just financial. Because you want to work, some employers might look at that more favorable than “I have to work”. Research suggests that people with higher education and want to work have a better chance of getting a job than those who needs the job. They might also be hired because of their positive attitude, they see work as an interesting challenge and also want the social interaction. Do we take away jobs from young people starting out? Maybe in some cases. I think thought that many retirees become entrepreneurs and start their own businesses that create jobs. It might be a simple zero sum game. The bottom line is often that any smart company will hire the person that is best suited for the job. Age notwithstanding. Perhaps if the retired person with no career issues takes a job away from a young person willing and able to learn the business and make it a...

Why part-time jobs?

If you are not interested in starting your own business – and that is definitely not for everyone – a part-time or temporary job is what you need should you want to earn some extra income to supplement your pension. Companies like to employ mature part-timers. First, they are usually very reliable, having been brought up to do the best you can. Secondly, hiring an older person part-time avoids for the most part the need to offer company benefits such as a retirement plan. You are already “retired”., so your needs are less than a younger person that has to look to the future. You, on the other hand just want to go to work, do your thing and call it a day. And, of course – get paid....

Why do companies hire older workers?

If you are afraid nobody will hire you, even part-time because you are older – forget that worry. Workers over 50 have always faced a hurdle in competing for jobs with younger people. Some stereotypes – too expensive, out of touch with technology and often less energetic and productive. A recent report by the AARP dismiss these myths. One interesting finding is that larger companies are struggling to find qualified workers. So they are starting to turn to candidates with more experience. The downside is often that older workers will retire sooner, thus companies are afraid to train them and not get the needed productivity out of them. These days, 65% of workers age 55 and up are looked at as engaged – in comparison with below 60% of workers under 45. This is very interesting. Productivity also goes up, simply because an older worker has more experience and has often been through all the learning it took to become effective in the workplace. I also think us older people have a more “get it done” attitude. About the technology thing – here you are, reading my blog written by a 64 year old and a highly technical one at...

The Proper Way Of Selling Your Employability Skills...

The Proper Way Of Selling Your Employability Skills Employability skills, also known as soft skills, are related to your teamwork, personal and interaction capabilities rather than to the technical side of a job. Many times, such skills make the difference between winners and losers. Employers would rather hire someone who shows willingness to learn new things, good team spirit and communication skills, than a specialist with many years of experience, but who can’t stand working in a team or isn’t able to explain others his part of their common projects. What Skills To List When Applying For A Job? When you apply for jobs, people who receive your application don’t know you personally. You need to tell them how good you are, with real life examples and situations. You need to include all employability skills that are very important in the job you’re applying for. It comes without saying you have to actually possess all those skills. Don’t lie, as you’ll get caught within the first ten minutes of your interview. Honesty is very important regardless the specific of your desired job. How To Sell Your Best Skills After you’ve decided which skills you have and which ones are required by the job, you have to sell them in your resume. The best method of doing it is by showing how you used a specific skill to solve a problem in one of your previous jobs. If you’re a fresh graduate, refer to situations from school, since you don’t have any work experience to mention. Real life situations from your family or from your interaction with friends are also OK, if you can’t find anything else. Make sure to clearly show the situation, the problem and the outcome of your actions that relate to the skill you wish to persuade others you possess in a high degree. It’s probably enough if you can list three or four such soft skills, as you wouldn’t like your resume to have ten pages. Keep your stories short and sweet. If you want, use bullet points for making everything more readable. Employers and HR people use to scan-read resumes, especially when it comes to jobs that are in high demand and for which they receive hundreds or even thousands of resumes. It’s impossible to read everything thoroughly, so the ones that are able to catch their attention will end up in the winning pile. Does The Order Matter? This is the reason why you need to be careful in which order you list your employability skills. It’s a good idea to start with...

Top Jobs for Retirees

Rather than spending your retirement years in idleness, why not remain productive and consider these part time jobs. You are certain to enjoy these because these will most likely fall under your field of expertise, while some can be considered your leisure habit. Assistant Librarian If you love reading then this would be the perfect retirement job for you. You will be surrounded by books that you can indulge all day long. You will have very flexible working hours, and although the pay is not that high, it will keep you busy during the retirement period. Part Time Teaching Position You have earned enough experience to become more than qualified for a teaching job in a university. You will enjoy the company of students while you transfer knowledge you have learned in the field. It is also a great way of earning money while you keep your mind sharp. Work at Home Opportunities There are several home-based jobs offered in the work place today. This will not require you to commute or drive each day to the office. You only need a reliable internet connection and a laptop or desktop for you to start earning money at home. Consultancy Most companies appreciate the expertise, skills, and knowledge of a retiree. They have seen more than what junior staff has experienced and this amount of knowledge is sufficient for the successful growth and development of businesses. Retirees are still very much in-demand in the workplace. Grab the opportunity to remain productive and utilize your maximum potential to further enjoy your retirement...

Work Part Time or Full Time Employment after Retirement: Which is Better?...

Many retirees are interested to pursue work after the age of retirement. However, they are left in the dark on which option is better: full time or part time? The USSA does not limit retirees who still wish to work after the age of retirement. They are at liberty to do so. However, it is important to note how they recalculate the amount of benefits you will receive. Under Full Retirement Age Those who are under the full retirement age are deducted $1 for every $2 earned in excess of the annual income limit, which is $14,640 for the year 2012. Actual Full Retirement If you reach, the full retirement age then the $1 will be deducted for every $3 that you earn in excess of the annual income limit, which is $38,880. Moreover, this will only be calculated based on your revenue after you do reach the retirement age. Considering these facts, you may wish to think twice of working full time or part time. Unless you are saving for something big in the future then you may think of living a frugal life and spending more time enjoying the sun. It is your chance to enjoy life to the fullest without much obligation, so be sure you spend your time wisely. The decision to choose full time employment or part time employment rests on the preferences of the individual. If you are completely satisfied with your work and do not have other travel plans in the future, then you are better off finding a full time work. Nevertheless, would this not be too much for you? You have worked all your life and you deserve a few hours of leisure time for...