Category: Uncategorized

Earning additional income is their primary reason why, a survey found.

By Lee Barney

Fifty-three percent of workers who expect to retire in the next five years think it is likely they will return to work, according to a survey by Home Instead, Inc.

Earning additional income was their primary reason for returning to work, cited by 67%, followed by fighting boredom (44%) and keeping their minds sharp (22%). Sixty-eight percent of those approaching retirement say they plan to work in a different industry, and 65% of retirees who have returned to work say the same.

“Today, more aging men and women are redefining what their next chapter looks like, seeking out new career opportunities that serve their skills, passions and life goals,” says Jeff Huber, president and CEO of Home Instead, Inc. “We are seeing the desire among seniors for a second career to not just fulfill a monetary need but source of personal fulfillment later in life. In fact, many of our professional caregivers are seniors themselves.”

Nearly 80% of those nearing retirement or who have retired and returned to work say they would like to make a meaningful impact in their communities in their post-retirement years, such as through volunteering, caregiving, teaching or giving back.

Catherine Collinson, CEO of the Transamerica Center for Retirement Studies, says that with people living longer, retiring at age 65 is an outdated hallmark.

“With Boomers blazing the way, full retirement is no longer a point in time,” Collinson says. “The transition could be a decade or more and involve shifting gears and working in a different capacity or finding a flexible arrangement, all with more time for family.”

Home Instead, Inc. says that some of the most popular jobs for retirees are retail sales clerks, bank tellers, online tutoring and caregiving.

https://www.planadviser.com/half-workers-approaching-retirement-expect-return-work/

The Fort Collins Area Chamber of Commerce hosted the Northern Colorado Prospers (NCP) Quarterly Update in the early evening of July 25 in the OCR Field Club at the newly named Canvas Stadium at Colorado State University.

More than 50 NCP investors attended to network and receive an update on the progress being made on the region’s key challenges: transportation, labor force, business environment and retaining key employees.

Since the Annual Summit in April, great progress has been made in the areas of Talent 2.0, funding for North 1-25, primary employer interviews, employer recruitment tools and on other key issues that are important to the business community. For more in depth information, please click here to read the July NCP Quarterly Report.

Photos courtesy of Craig Vollmer Photography

Northern Colorado Prospers (NCP) is a five-year strategic initiative of the Fort Collins Area Chamber of Commerce designed to address four specific challenges facing business in Northern Colorado. Fix North I-25; Align, attract and retain talent; Bold voice of business and Retain and expand existing business.

When:
5:30-7:30 p.m. Wednesday, June 27
Note: There will be no formal presentation; please arrive at any time.

Where:
The Ranch Events Complex
Larimer Conference Center, 5280 Arena Circle
Loveland 80538

What’s Happening:
Join the project team to learn more about schedule and phasing for the project and information on:

• Express Lane construction in both directions;
• replacement of aging bridges and widening of others;
• improvements to bus service performance and the addition of new bus slip ramps from I-25 to the new Park-n-Ride at Kendall Parkway;
• creation of new pedestrian and bicycle access under I-25 at Kendall Parkway;
• connection of the Cache la Poudre River Regional Trail under I-25 and network to 100 miles of trails; and
• improvement of interchanges at CO 402 and Prospect Road.

Project Info:

Project Email: northi25expresslanes@gmail.com

Project Hotline: 720-593-1996

Project Website: www.codot.gov/projects/north-i-25/johnstown-to-fort-collins

Gov. John Hickenlooper on Thursday signed into law the largest increase in transportation funding the Colorado Legislature has approved in more than a decade — and was met by a collective yawn by many of the organizations that had pushed for help with the state’s highways and transit system.

Senate Bill 1, inked at a ceremony in Loveland, allocates one-time spending of $645 million over the next two years, as well as an additional $50 million general-fund contribution to highways and transit annually for 20 years. Plus, it allows voters to cast ballots in 2019 on whether to approve as much as $2.3 billion in bond sales to begin to address the state’s most crucial choke points — if no citizen-led transportation-funding measure receives statewide approval during the 2018 election.

But while the House and Senate leaders who crafted the compromise that allowed SB 1 to pass through both chambers on the penultimate day of the session early this month called it a significant move toward relieving congestion on the state’s highways, the Democratic governor himself said on the day after the session ended earlier this month that he was “disappointed” that elected officials couldn’t find more money for transportation. And he said at the time that he was leaning toward supporting a proposed 0.62-cent sales tax hike for transportation that the Denver Metro Chamber of Commerce is trying to get onto the November ballot, believing more is needed to address the long-running problem.

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The ever-widening gap between employers’ needs and workers’ skills could drive massive lost financial opportunities over the next decade-plus.

David McCann

May 7, 2018 | CFO.com | US

Businesses generally spend little time worrying about what might happen 10 or more years ahead. But if “what might happen” is a talent shortage so massive as to cause a wholesale, global reinvention of work norms and redistribution of labor, perhaps companies could muster up a smidgeon of concern.

Click here to continue reading.

LinkedIn’s 2018 Workplace Learning Report documents the skill gaps identified by employers and how they are responding with training. The top training priorities include:

1. How to train for soft skills
2. Identifying trends to prevent future skill gaps
3. Understanding the impact of technology
4. Consistent global training
5. Deliver insights on internal skill gaps
6. How to track skill development

Find a story about the study here on HRDive.com.

Join us for the Annual Northern Colorado Prospers Summit to discuss progress on the four goals and provide your feedback and ideas for the next phase.

EVENT Northern Colorado Prospers Annual Summit
DATE Wednesday, April 25, 2018
TIME 7:30 to 9:00 AM
LOCATION CSU Lory Student Center Theater 1101 Center Ave Mall
PARKING Morgan Library, Lot 425

For more information contact Kim Medina at kmedina@fcchamber.org.

The Congressional Budget Office just released a study titled “Factors Affecting the Labor Force Participation of People Ages 25 to 54.” The short version of the findings are that the rate fell during the Great Recession of 2007-2009

“Between 1990 and the 2007–2009 recession, the rate of labor force participation—the percentage of noninstitutionalized people who have jobs or are available for work and are seeking jobs—was relatively stable for individuals ages 25 to 54. People of those ages are typically finished with schooling but not yet near retirement age and as a group have the highest participation rate in the labor force.

Between the end of the recession and 2015, however, the rate fell by 2 percentage points, from 83 percent to 81 percent. Although the rate inched up slightly in both 2016 and 2017, it is likely to stay about the same between 2018 and 2027, CBO estimates. Most of the changes since 1990 in the labor force participation rate have been related to demographic factors, economic conditions, and the government’s fiscal policies.”

A copy of the CBO report can be found here.