The Great Unretirement and how this return of workers could benefit your business.

Is the “Great Unretirement” Coming?

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!

5 People Skills Every Technical Candidate Should Have

You have great technical skills. However, to succeed as a technical job candidate, you need the right people skills as well. Below are people skills every technical candidate should have. That way, potential employers can view your hard and soft skills in combination with one another. From here, they’ll easily see why you’re the top candidate for a technical role.

Now, let’s look at five people skills that every technical job candidate should have.

1. Creativity

The best technical candidates are willing to think outside the box to solve problems. They frequently consider a variety of solutions to address issues and prevent them from recurring. And they are willing to let their creative juices flow to help their businesses thrive.

As a creative technical candidate, you must be willing to brainstorm. If you are open to feedback and suggestions, you’ll be well-equipped to understand all aspects of a problem. This can help you identify creative solutions to any issues that crop up.

2. Adaptability

If a problem occurs at a moment’s notice, a technical candidate should be able to respond accordingly. If a candidate is adaptable, this individual can thrive under pressure. As a result, the candidate can help their employer accomplish great results in any circumstances.

To become an adaptable technical candidate, you may need to revamp your approach to problems. If an issue comes your way, you must be willing to address it head on. Then, you can quickly remediate the problem, learn from it, and move on.

3. Communication

With strong communication skills, a technical candidate can seamlessly share information with peers and superiors. This minimizes the risk of miscommunications that can otherwise hamper a business’ productivity.

If you want to bolster your communication skills, take advantage of all of the communication platforms at your disposal. For example, if you work a full-time remote job, you can use emails, text messages, video chats, and other communication methods to engage with peers. Also, you can be open to questions from your coworkers and be willing to reach out to them any time you need support.

4. Empathy

An empathetic technical candidate can put himself or herself in another person’s shoes. This allows the candidate to understand someone else’s perspective and provide an appropriate level of support.

For those who want to become more empathetic, listen to what others have to say. If you’re an active listener, you can gain insights into how others feel in the moment. You can then provide support to those in need.

5. Collaboration

Typically, a technical candidate must be open to collaboration. As part of a team, a technical candidate can help this group of individuals achieve outstanding results.

When it comes to collaboration, keep in contact with peers and superiors. If others need your help, be ready to provide assistance. As a result, you can help your team succeed.

Find a Technical Role in Which You Can Use Your Hard and Soft Skills

At ABBTECH, we can help you identify and land a technical role where you can use your hard and soft skills every day. To get started with us, check out our job board.