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Rex Flexibility

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Approaching Retirement Age and Still Doing the Work-Life Juggle?

Posted: 02/26/11 11:49 AM ET

We hear a lot about the struggles modern parents face in juggling work and family needs. Meeting the demands of today's 24-hour, Blackberry-fueled workplace and still finding time for your kids (let alone time for yourself) can seem next to impossible. But here's the thing that should really scare every busy, overworked parent: It doesn't get any easier.

For the majority of Americans, the dream of shipping your kids off to college and retiring to an oceanfront condo has become just that -- a dream. Most seniors today find themselves still struggling to balance the demands of work and family. Older workers make up a larger portion of the workforce than ever before, with many people working full-time well into their 60s and 70s, either because they enjoy their jobs and want to keep contributing, or simply because they don't have enough savings to retire securely.

On top of this, older workers have increased family responsibilities, too. The majority of children now grow up in families in which both parents work full-time, meaning that grandparents take on a larger role in childcare. What's more, with people aged 18 to 26 hit harder than anyone else by the recession, many parents now find themselves still providing financially for their grown children, right when they expected to be easing into their own retirement. Add in the fact that seniors often need to devote significant time to their health and well-being, not to mention personal pursuits such as volunteering in one's community, and it should be clear that the work-life juggle doesn't stop, or even slow down, just because you've hit 62 (or 72 or 82).

So what do we do about it? The answer is that we have to change the way we work. The traditional, rigid structure of the workplace, where every employee works full-time, year-in and year-out, with few opportunities for time off or adjusted schedules, doesn't work very well for anyone anymore. But it's particularly problematic for seniors who have already been running this grueling work-life marathon for 40 or 50 years and are told that their only options are to stop altogether or keep going at the same pace. Companies need to provide new options that embrace the expertise and experience of our older employees and allow them to contribute to their workplaces while still living a balanced life.

Many companies have already introduced such options, including phased retirement, job sharing and flexible work arrangements that provide for shorter hours, alternative schedules or increased time off. Older workers frequently report that such arrangements are even more important than salary, which makes this an ideal change for cash-strapped companies that can't offer raises right now. However, only a small percentage of older workers have such options at their disposal. A recent survey from Cornell University found that 73 percent of companies say they would permit an older worker to reduce hours, but only 14 percent had formal policies that allow for this to happen.

If we want to ensure that our workplaces remain productive as our population rapidly ages, this has to change. By 2015, workers over 65 will constitute 20 percent of the workforce, and they already make up an increasingly large percentage of managers, supervisors and executives. Yet most employers have not developed strategies for retaining these employees.

Without increased opportunities for workplace flexibility, we are going to see more and more older workers hitting a wall and feeling like they can't continue. This isn't just about respecting our elders. It's about crafting workplaces that keep employees happy and engaged, and giving employers the chance to keep productive, efficient people in the workforce longer. There may no longer be a set age at which Americans can expect to stop doing the work-life juggle, but with the proper planning, we can make sure everyone is able to juggle successfully.

 

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We hear a lot about the struggles modern parents face in juggling work and family needs. Meeting the demands of today's 24-hour, Blackberry-fueled workplace and still finding time for your kids (let a...
We hear a lot about the struggles modern parents face in juggling work and family needs. Meeting the demands of today's 24-hour, Blackberry-fueled workplace and still finding time for your kids (let a...
 
 
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ThinkCreeps
Seriously, it's time.
12:32 PM on 03/02/2011
Why is Darrell Issa stealing files in the accompanying picture?
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05:18 PM on 02/28/2011
"Fortune favors the prepared mind" is not just a truism for the young and ambitious.
What this article brings to mind for me is slightly off topic yet still relevant to some of the points the author is making.
Events are moving way off the norm that most of us Boomers have experienced since the late 1970's.
We had been lulled into a sense of continuity that has not been justified since 2006 or so- that is at least 25 years of prosperity that we have become accustomed and that ain't comin' back.
As we get older, other arrangements will need to be made that may not even be on our radar.
If times are not already tough for you, then use your imagination as to what the worst might be. Do your best to prepare for that and gain some peace of mind even as that preparation is a large dose of lowered expectations.
A few things might include:
*get as much control of your health as possible
*Get re-acquainted with a rake and shovel in the garden
*Learn some new skills repairing your necessities
*Re-read those Firefox books
*Tell your employer that part-time work with a little bump in pay would be nice. ;-)
03:54 PM on 02/28/2011
"Yet most employers have not developed strategies for retaining these employees."

Honestly - in this economy, with millions out of work - employers know they don't have to.

Increasingly, employees tolerate less flexibility, reduced vacation time, reduced sick time, increased insurance expenses, increased commute time, decreased employer loyalty, because they have no other choice.

Politicians are busy dismantling collective bargaining, while our 50 - 70 year olds find themselves caring for elderly parents, struggling to manage increased demands of raising kids - all while both parents work full time - and while employers demand longer hours (you are salaried after all!). Meanwhile college tuition escalates at 15% per year, pensions are gone, employer 401(k) contributions in decline, commute times longer.

The employee may think their limit has been reached, but the employer knows they can offshore jobs for even less.

Do any incentives for employers to "do the right thing" remain?

Yes - employees simply want the flexibility to make it possible to live their lives and meet their obligations - both to work and to others in their lives - but will employers feel so inclined?
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Kat Posing
Logical Rational Practical Common Sense
02:59 AM on 02/28/2011
Nice article. Unfortunately, I think it's about 10-15 years late. The older a worker is today, the greater the experience, the more seniority they have at a particular company, the greater likelihood they will be laid off for some reason during a right-sizing, reorganization, restructuring, merger, etc.

Today's work environment is a buyers market, where the employer has paid top dollar to many lobbyist to keep regulations and restrictions at a minimum so if they can't find the exact talent fit locally, they can just as easily find it overseas or ship it state side. Or they can lay you off and rehire you a couple months later as a contractor for a fraction of your old salary with no benefits doing the exact same job. Or they can just bring in someone younger and cheaper and forget about experience.

This is the new normal and it seriously sucks.
garystartswithg
el sueno de la razon produce republicans
07:38 AM on 03/01/2011
the strangest thing to me is how everyone ignores the problem until its them getting laid off. they feel bad when its their neighbor, but then when its them what a shock and surprise. if people were a bit more empathic and actually bonded then the right sizing people would be the ones that were out of a job. I got my staff budget cut so a group of administrators could have extra spending money, they didn't even bother hiding the money trail, and nobody else would do more than feign misplaced concern. of course a lot of blame went to me for finding the reason I had to cut staff hours, if an administrator doesn't have a new suv every year she might get cranky, and we can't have that.
04:51 PM on 02/27/2011
Thanks for great article. We babyboomers strive for work/life balance, fit and integration like anyone else. Seems the best way to do this is work for yourself, freelance or do contract work. I'm from Michigan and in this economy flex benefits seem rare which I don't get. I've interviewed for full time work, offered to take no health benefits in exchange for a reduced work week or job share arrangement only to be told if I don't want the job as is there are 100 others who will take it. We all know many jobs can be done in less time with good time management skills and I have 15+ years of proven track record working flex time, part time, telecommuting and other flexible arrangements while being regularly promoted at my former company. Anyway, thanks for the article; while I'm not facing retirement per se, I am an empty nester but I have aging parents, a semi retired husband, 5 grandchildren and tons of friends who I don't mind lunching with on occassion, not to mention volunteer work that I enjoy. As a dedicated professional with many skills, I'd still like to have some control over my schedule and get out of the 9-5 box. I continue to freelance in the meantime.
10:24 AM on 02/27/2011
To middle-aged people: that 4-year-degree you have from 1991 is not a hot ticket to a middle-class existence anymore. What can you do that cannot be outsourced? I have a broadcast journalism degree and I am a pretty good presenter, but I am proud that I have gone blue collar and learned a lot about engineering. That is helping me weather this economy as a union man and it provides for my family. I could try to get a job with my degree, but it's not like there are a lot of monster.com postings for news anchormen. Ron Burgundy, I'm not. Good luck to all...think of anything you can do that the 20-year-olds and $2/hour overseas worker can not. Are you a salesperson? Do you understand something about the businesses that the kids or the foreigners do not? See if you can join a union...see if you can learn a very specific skill: operate an X-ray machine? An MRI machine? Can you drive a tractor? Operate a crane? Good luck to all, again. Don't look to the big companies to care for you. If you coast, you will be replaced. Make yourself better.
10:12 AM on 02/27/2011
My husband "lost" his company during the recession. Had to start up another @ 68 yes and is working from home, traveling, and has managed to employ two people part time. I work part time for a pittance. There will be no retirement for us and that's okay because we are lucky compared to millions of Americans who cannot find, generate or develop work for themselves. The biggest bank swindle of our time has changed all our lives and America as we knew it. The labor movement is right to emerge and give voice to the people and states that have suffered directly as a result of the sub prime mortage swindle.
But I would love to see some justice for the prime instigators of this global plague, where are those rats?
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LynneSpreen
Midlife Magic
08:16 AM on 02/27/2011
My kids are in their 30s. I tell them to always be thinking about how they might prepare for the next phase of their work-lives. What will they do if they are fired, injured or burned out in their late 40s, early 50s? Assuming they won't win the lottery, they need to spend their 30s gathering knowledge/skills/contacts that they can convert to part-time work or working from home in later years.
http://anyshinything.com/2011/02/15/will-you-take-my-money-if-i-wear-a-bag-over-my-head/
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sonoffestus
Got smart & got out!
12:43 PM on 02/27/2011
You also need them to explore opportunitites outside the USA. How are their language skills?
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LynneSpreen
Midlife Magic
03:11 PM on 02/27/2011
Good question. One is fluent in Spanish.
But does this mean they'll leave me? ;)
04:54 PM on 02/27/2011
Excellent! More parents should do this if they are not already. When consulting with individual employees about their work/life balance I always brought up this issue with them regarding their adult children and their work/life balance. This is something all young adults should be considering when picking careers. Granted, we all know they are thinking about right now and getting a job right now but when choosing careers, considering work/life fit over the life cycle is helpful. Kudos to you!
08:13 AM on 02/27/2011
For many decades leaders in management change have realized that real success in business depends on taking care of workers. This truism regularly comes up against economic downturns, but those work places that maintain as much of this philosophy as possible will come out on top.
10:32 AM on 02/27/2011
This is a lot of horse poop. In my experience--20+ years in Hollywood, corporate management, commercial building construction, real estate management, and engineering--company executives mostly pay attention to the cost of workers and it is getting worse by the minute. The modern company strategy to "come out on top" is to get rid of the workers making the most pay, increasing the workload of the remaining workers, and then, eventually, laying them off for maximum profit margin before the sale of the company makes four or five executive partners millionaires. That's the "truism."
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MiddleMolly
Working to better the USA!
02:20 AM on 02/28/2011
Unfortunately, that is also what I have seen. There are few companies, mostly smaller family-owned companies, that actually care about their employees.
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pjordan52
We are the government we detest
01:03 AM on 02/27/2011
Since when do staffing agencies have any of these views? Most jobs seem to be filled by "temp" workers getting have the money and the staffing agencies the rest. There are no "workplaces" any more.
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knightoftheroundtable
Old Knight without porfolio or armor
07:50 PM on 02/26/2011
Welcome back to the stone age where you work from birth till death.
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MiddleMolly
Working to better the USA!
02:21 AM on 02/28/2011
Yes.. until early death, as you won't have any health insurance should you get ill.
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SFMichele
02:35 PM on 02/26/2011
Rex: You speak great truths. However, our current labor lords are NOT interested in nourishing, training, and retaining workers. The math for hiring and productivity favors - still - use and abuse of workers who are treated as cheap commodities. Hire 'em cheap, treat 'em like cogs, throw 'em on the heap when it suits you and the bottom line. That's why I appreciate what is happening in Wisconsin - working people standing up and speaking out. Not that it will change a thing. We sure do take a lot while trying to craft a life and get through it.
snaggle2th
my micro-bio is empty, just like my life
01:54 PM on 02/26/2011
Die in the harness... seems how current republican and far too many blue dog democrats think about this issue.

But seriously:

The real work/life imbalance for many comes after retirement when they've got too much life and it seems pointless without some kind of work to do....
10:22 PM on 02/26/2011
It should not be that way. If I had lots of free time, I would do volunteer work or take a course. I know people complain about what you say, but I really don't understand it.
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MikeDu
Both salubrious and lugubrious concurrently.
01:18 PM on 02/26/2011
My old company got around the needs of accommodating older workers rather nicely. They simply layed off the veteran workers, plus enough random younger workers so they couldn't be accused of age discrimination. They they hires back a fresh workforce of  neophyte women college grads willing to slave 16 hours a day for chump change. Hello Arnold!
03:34 PM on 02/26/2011
I have seen this strategy put into practice in my industry (aerospace) and it boggles the mind. Laying off the older and well-paid veteran workers with years of experience and know-how only to replace them with single women in their late 20's with Master's degrees to do a job that normally would not require even a bachelor's degree. Ageism is alive and well in corporate America and the rules of the playing field have changed dramatically over the past few years....if you don't have a graduate degree these days to get hired into a major corporation don't even bother applying. You'll never get in.
10:23 PM on 02/26/2011
Exploitation of labor is alive and well in America. The phenomenon described above affects many layers of the labor force....
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MiddleMolly
Working to better the USA!
02:22 AM on 02/28/2011
This is unfortunately increasingly common these days.
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RodbfromNC
01:18 PM on 02/26/2011
Actually It is a lot easier when you don't have a job.
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MiddleMolly
Working to better the USA!
02:23 AM on 02/28/2011
I'ts not easier when you need a job but don't have one.