Survey Finds Retirement May Be a Thing of the Past

A survey shows 57% of workers age 60-plus said they will look for a new job after retiring from their current company.

CareerBuilder asked workers how soon they think they can retire from their current job; one in 10 (11%) respondents said they don’t think they’ll ever be able to retire.

Other responses included:

•  1-2 years – 26%;

•  3-4 years – 23%;

•  5-6 years – 22%;

•  7-8 years – 7%;

•  9-10 years – 7%; and

•  More than 10 years – 4%.

According to the survey, 43% of employers plan to hire workers age 50-plus this year, while 41% said they hired workers age 50-plus in 2011. Seventy-five percent of the employers surveyed would consider an application from an overqualified worker who is 50-plus, with 59% of those employers saying it’s because mature candidates bring a wealth of knowledge to an organization and can mentor others.

The survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder among 3,023 hiring managers and human resource professionals ages 18-plus, and 878 U.S. workers ages 60-plus (employed full-time, not self-employed, non-government) between November 9 and December 5, 2011.