Survey of Nonprofit Employers Shows Half Find Encore Workers Highly Appealing; Those Who Have Previously Hired Encore Workers Are Most Enthusiastic SAN FRANCISCO, Oct. 16
SAN FRANCISCO, Oct. 16 /PRNewswire-USNewswire/ -- In these economic times,
boomers will need to work longer, and many say they want a job that provides
both money and meaning. The question is, are nonprofit employers interested in
hiring employees who have finished their midlife careers? What makes
nonprofits more eager -- or less -- to give encore workers a try?
A national survey released today by MetLife Foundation and Civic Ventures
finds that half of nonprofit employers actually see encore workers as highly
appealing, with an additional 39 percent finding them moderately appealing. In
addition, the survey finds that nonprofits with experience hiring late-career
or recently retired workers are the most positive about hiring more.
Tapping Encore Talent: A MetLife Foundation/Civic Ventures Survey of
Nonprofit Employers is based on a nationwide, telephone survey of 427
nonprofit employers in the fields of social services, health care/health
services, education/youth development (not including schools), the
environment, community agencies, crisis intervention agencies, and other
causes. It is the second in a two-part survey (conducted by Peter D. Hart
Research Associates, Inc.) examining the job prospects of millions of baby
boomers.
Recent reports show that the nonprofit sector is growing faster than
business or government -- and facing talent shortages. According to the Urban
Institute's Nonprofit Almanac 2008, there are at least 1.4 million nonprofits
in the U.S., accounting for 10 percent of U.S. employment. A 2006 study by The
Bridgespan Group projected that the nonprofit sector will need 640,000 new
senior managers by 2016.
This past June, the MetLife Foundation/Civic Ventures Encore Career Survey
revealed that between 5.3 and 8.4 million Americans have already launched
encore careers, jobs that combine personal meaning, social impact, and
continued income. Of those workers ages 44-70 not already in encore careers,
half are interested in them, specifically jobs in education, health care and
the nonprofit sector.
"Are boomers all dressed up with no place to go?" asked Phyllis Segal,
vice president and director of the research project at Civic Ventures. "Our
first survey showed tremendous interest among boomers for work that matters.
This survey asks nonprofit employers whether they see a match. The answer for
most is a tentative yes, with an appreciation of benefits and some concerns
about uncharted territory."
Key findings from the employer survey include:
-- More than four in 10 nonprofit employers (42 percent) see recruiting
and hiring talent as a top human resource concern, and only 9 percent expect
it will get easier to find the talent they need.
-- Nonprofits with experience employing late-career or retired workers are
more likely than other employers to view these workers as very appealing - by
a margin of 53 to 40 percent. They are also more positive about workers who
have switched from business to nonprofits (40 to 29 percent).
-- Nearly seven in 10 nonprofit employers (69 percent) rate the valuable
experience encore workers bring to the job as a significant benefit, and 67
percent say the same about encore workers' commitment and reliability.
-- Some employers expressed "serious concerns" that encore workers could
demand higher salaries (25 percent), be reluctant to learn new technology (23
percent), lack technical/professional skills (20 percent) and could have
higher insurance/benefit costs (19 percent).
-- In terms of addressing the flexibility requests of workers -- young and
old -- 90 percent of nonprofits say that they offer part-time work, 86 percent
say they offer flexible schedules to all or some employees, but just 40
percent say they allow employees to work from a mobile office or home.
"The fact that pioneering nonprofits are already enthusiastic proponents
of encore workers is encouraging," said Sibyl Jacobson, president and CEO of
MetLife Foundation. "They see encore talent improving organizational
effectiveness, adding capacity, providing opportunities for learning across
generations, and creating the kind of flexible roles that make nonprofits
attractive to workers of all ages."
"Money is always a concern for nonprofits, but money is not the only
organizational resource," said Marc Freedman, founder and CEO of Civic
Ventures, a think tank on boomers and work. "Human resources are as
significant as financial ones, and this new research raises the prospect of a
vast new market for human resources -- and a new fantasy for nonprofit
leaders: What if talent were no object?
"What if a modest percentage of boomers pursue encore careers and a
fraction of organizations change attitudes and practices to recruit and retain
them?" Freedman continued. "The result would be a genuine windfall of time,
skills and experience in areas deeply dependent on these attributes to
succeed."
For copies of the surveys, visit:
http://tinyurl.com/4rwghl
Visit www.Encore.org for stories of people currently in encore careers.
Survey Methodology
The MetLife Foundation/Civic Ventures Survey of Nonprofit Employers
includes both qualitative and quantitative research conducted by Peter D. Hart
Research Associates, Inc., from February to April 2008.
Hart Research interviewed 427 nonprofit employers by telephone from March 27
to April 18. The sample was based on a list provided by the well-respected
national list management firm infoUSA.
About MetLife Foundation
MetLife Foundation (www.metlife.org) was established in 1976 by MetLife to
carry on its longstanding tradition of corporate contributions and community
involvement. In the area of aging, the Foundation funds programs that promote
healthy aging and address issues of care giving, intergenerational activities,
mental fitness, and volunteerism.
About Civic Ventures
Civic Ventures (www.civicventures.org) is a national think tank on boomers
and work.
Contacts:
For Civic Ventures:
Emily Dulcan, Fenton Communications, (415) 901-0111, edulcan@fenton.com
For MetLife Foundation:
Ted Mitchell, (401) 827-3236, tjmitchell@metlife.com
SOURCE MetLife Foundation
