Archives June 2023

Many older people left their jobs during the pandemic, reversing the long-term trend of older workers delaying retirement. Now, with the pandemic over and the cost-of-living soaring, many of these over-50 workers and early retirees are choosing to return to work. This job market phenomenon has been dubbed “The Great Unretirement.”

The Great Unretirement is poised to become a major factor in the current and future job market.

In this blog, we’ll look at some of the reasons for the Great Unretirement. As well as how this return of veteran workers could benefit your business.

Reasons for the Great Unretirement

One of the main factors motivating older people to return to the workplace is financial. The current state of the economy, including the steady rise in the cost of living, is causing many retirees to dip into their savings to make ends meet. Guaranteed funds for their golden years are dwindling, and with no steady source of income to replenish those coffers, older people are finding it necessary to look for jobs with a steady income.

Other reasons for the Great Unretirement include a waning of pandemic-related health concerns, increased longevity, a higher retirement age, and underfunding of pension programs.

The Great Unretirement and the Skills Gap

Industries across the board are facing a serious talent shortage. This shortage is primarily due to a skills gap. Meaning that, while many workers are available, finding the right candidate to fulfill the role’s needs is difficult.

Many of the skills needed are soft skills that take time to develop. Older workers have not only had years to develop these skills but also practiced them actively in the workforce. Skills such as resilience, adaptability, flexibility, empathy, and diplomacy are highly valued soft skills that older workers will bring to your company.

While many younger workers have the credentials and education to secure a job. What they lack is the practical experience or the nurtured instincts that a veteran worker would have.

Conclusion

The Great Unretirement will bring many skilled, talented workers back into play. As older people return to the workforce, whether in a temporary, part-time, or full-time capacity. Companies need to be ready to take advantage of the highly skilled, valuable workers. And welcome them into the workforce once more.

If your team is missing key members, let our team find your missing piece! Contact ABBTECH today!

Are you a recent college graduate? Congratulations! Once the thrill of graduation has passed, it’s time to start the search for your first post-college job. But where to start? Knowing where you should begin with job searching can be overwhelming.

In this blog, we’ll break down a few top tips & tricks to help you start a successful job search post-graduation.

Tip #1: Recent Graduates Should Create a Professional Online Presence

Before you search for a job, the first step is to ensure that your professional portfolios, profiles, resumes, and cover letters are updated and accurate. This includes maintaining a website or another dedicated site where your professional materials can be accessed via a link when needed.

Update your resume to reflect your education, experience, and skills (hard and soft). You likely don’t have a deep resume filled with work experience. So be sure to include internships, volunteer work and any other acquired skills or training you’ve completed. Prepare multiple versions of your resume depending on the type of job you’re looking for, this will help you to submit the most relevant resume for the role.

Tip #2: Recent Graduates Should Grow and Expand Their Network

As a recent graduate you may think your network is small right now, but the connections you’ve made with other recent graduates, students, and professors are very valuable. Try to cultivate and expand your current network. Stay in touch with former professors and classmates. Stay connected to your school alumni, as well as alumni groups related to your major and any honor programs or clubs you participated in. A former pickleball partner could be the key to your dream job.

Tip #3: Recent Graduates Should Consider Using a Recruitment Firm

Searching for a new job is time-consuming and can be overwhelming. While you may want to do it independently, consider skipping the traditional job search and working with a recruitment firm. Recruitment firms are uniquely positioned to get you in front of employers looking for candidates like you.

Working with a recruitment firm also allows you to see a high-quality array of job offers, all pre-vetted and legitimate, so you can safely and confidently submit to them.

Conclusion

As a recent graduate, finding your first job after college can be an intimidating experience. However, if you take time to build your employee brand through a professional online presence, foster a solid network of diverse contacts, and work with a recruitment service like ABBTECH, you’ll be settling into your brand new job in no time.

For help finding your post-grad dream job, let ABBTECH lend you a hand!