Encore Career Research

The Encore Career e-newsletter that I subscribe to included information from a research project funded by MetLife.  Interestingly, they project a labor shortage in the next decade. I recommend you read the full report and I have included the link to it below. The major conclusion of the study is that older workers will be vital in filling "social sector" jobs that are crucial to the economy and the well-being of our citizens. Here is some data from the report.

After the Recovery: Help Needed; The Coming Labor Shortage and How People in Encore Careers Can Help Solve It
By Barry Bluestone and Mark Melnik; Kitty and Michael Dukakis Center for Urban and Regional Policy, Northeastern University; Boston

Total Social/Government Sector – Projected Encore Career Job Growth 2008-2018 (in thousands)

Primary, secondary and special education teachers 647.3
Registered nurses 581.5
Home health aides 460.9
Personal and home care aides 375.8
Nursing aides, orderlies and attendants 276.0
Medical assistants 163.9
Licensed practical and licensed vocational nurses 155.6
Business operations specialists 147.2
General and operations managers 143.2
Child care workers 142.1
Teacher assistants 134.9
Receptionists and information clerks 132.7
Medical and health service managers 100.8
Clergy 85.1
Social and human service assistants 79.4
Maids and housekeeping cleaners 78.6
Educational, vocational and school counselors 73.3
Computer support specialists 64.0
Office clerks, general 60.8
Managers, all other 57.6
Social and community service managers 57.0
Mental health and substance abuse social workers 56.4
Accountants and auditors 55.6
Rehabilitation counselors 54.2
Medical and public health social workers 53.9
Bookkeeping, accounting and auditing clerks 52.3
Administrative services managers 52.2
Lawyers 52.0
Computer systems analysts 50.1
Human resources, training and labor relations specialists 49.1
Cooks, institution and cafeteria 48.5

Source: Lacey and Wright, “Occupational Employment Projections to 2018,” Analysis of Labor Market Assessment Tool

http://www.encore.org/files/research/JobsBluestonePaper3-5-10.pdf

I was especially encouraged by the authors' certainty of an economic recovery!

Are You Ready to Retire?

  The decision to retire is based on financial preparedness and social-emotional preparedness.  This week I spent some time talking with colleagues about capturing the maximum benefit from the Teachers Retirement System.  To some this concept was new; to others it was not at all relevant.  Putting aside the awkwardness of talking about personal finances, how do we frame the conversation about social-emotional preparedness?
   I have read many articles and books on this stage of life. The semantic context may be encore careers, life portfolios, starting over, stepping aside (Anna Quindlan), or "the narrows" (Sara Davidson) but one common exercise emerges: the necessity of self-examination. I modified a quiz developed by Sara Davidson http://www.saradavidson.com/index.html to help clarify goals for my life after retirement. Complete these sentences:

I realize work is both rewarding and fulfilling. When retirement becomes attainable, I will be ready to go because...

The thing I will miss most when work is over is...

I have finished with... (name both good things and difficulties)

I still yearn to...

In the years to come, I will be grateful for...

   This exercise has been very helpful to me in decision-making and goal-setting. Please let me know if you find it valuable.