“They work only part-time plus they get to share their knowledge and experience with younger workers.” Companies offer more flexibility and often modified benefits.
“There’s a big shortage of skilled laborers because many are soon to retire. So having those people at the workplace teaching others is a good thing for the employer.”
To address worker shortages, according to the National Association of Manufacturers 2018 survey, 35% of manufacturers encourage potential retirees to stay on. There are doctors working part time at a small hospital in their own neighborhood and office professionals working from home in shorts and t-shirts. Soto says it's a real win-win. “Workers are making more retirement funds and their employers aren't losing their years of experience.”
Some workers are finding new, less stressful careers like a nurse becoming a part time instructor (where she gets to sit down and doesn’t lift anything heavier than a text book). A wealth of experience and knowledge not wasted.