During our fall CXR Leadership Meeting, we welcomed Andrew Flowers of Recruitonomics for a presentation on economic trends and their impact on the recruiting industry. One of the trends worth noting – and one that we’ve all observed – was the surge of retirements during the early stages of the pandemic. This sharp rise was likely a combination of planned retirements, health concerns, and pressure from employers to retire early.
Fast forward to 2022, and a tight labor market, sourcers and recruiters have begun looking toward a talent pool we’ve previously neglected: Retirees. An article from The Washington Post highlights new data showing that retirees are returning to the workforce, helping to meet the unyielding demand for labor.
Sourcing for retirees presents unique challenges and a call for different recruitment strategies. “More employers are specifically recruiting retirees by posting jobs at senior centers and churches, as well as websites such as Retirementjobs.com and Workforce50.com aimed at older Americans.”
Why retirees are returning to the workforce is important to consider. While COVID still looms, vaccines and treatments have made returning to the workforce more feasible for older employees. Employers offering higher pay, greater flexibility, and hybrid/remote options have also helped lure retirees into the workforce.