Rethinking Rules of Engagement. . .
Filling the Gap
Under traditional employment practices that assume formal retirement at age 65 (or sooner), individuals in the largest generation in U.S. history will retire in the next few years, leaving a gaping hole in the labor market and taking with them decades of accumulated knowledge and experience.
Employers are already finding it difficult to hire good replacements. With flexible arrangements, Encores can offer good solutions for easing the transition. They can remain employed in part-time positions; they can be rehired as contractors for project work; or they can transfer their knowledge through mentoring relationships with younger employees.
Organizations that experience significant load fluctuations in their business due to seasonal conditions or unpredictable market dynamics can draw from the Encore pool to meet spikes in demand.
More Autonomous and Cost Effective Employees
With their long work histories and levels of maturity that come with age, Encores may be lower-maintenance employees. They are often more able to jump in and do what is required with less management oversight, and with better interpersonal skills, Encores can provide a stabilizing presence in workgroups and teams. Many encores also have lower living costs and may not require health benefits. This may make them more cost-effective resources.
The New Economy
While emerging trends in technology have created an abundance of high tech jobs that many Encores find unappealing, entire new industries are emerging. Driven by circumstances to seek innovative ways to generate revenue, Encores are jumping on board the internet-enabled sharing economy.
Meanwhile, some Encores are joining pioneers leading the movement from globalization back to re-localization. In some quarters, a movement that might be labelled Arts & Crafts 2.0 reflects the growing skepticism over the loss of individual control and independence resulting from the increasing presence of technology. It echoes the desire to return to community and a more natural way of life embraced in the first Arts and Crafts movement that flourished in Europe and North America betwen 1880 and 1920 in reaction to the first industrial revolution and mass manufacturing, and emphasizes a return to quality over quantity, a return to simplicity, and a return to more control over one’s own life.
Driven by a greater sense of purpose and passion for making a difference, Encores are a valuable resource for engagement on social issues.
Encore NEO will continue to be relentless in testing and developing new effective ways to support Encores (age 50+) as they transition from what they once relied upon into new careers and lifestyles that they have yet to imagine. Together, Encore NEO participants will continue to meet challenges and share with each other the remarkable insights and discoveries they encounter as they begin to shape their new lives.
Encore NEO invites you to join us on this journey. For additional information, or an overview presentation on the Encore Initiative for your organization or group, please contact us at email@example.com.