KEEPING ONE FOOT IN THE DOOR

Consulting Appealing Prospect for Executives, Survey Shows

MENLO PARK, CA -- Executives nearing retirement will be seeking a more gradual bridge to their golden years. A new survey suggests many will be going into business for themselves. Three out of four (75 percent) chief financial officers (CFOs) interviewed said they view consulting as an attractive segue into retirement.

The survey was developed by Robert Half International, the world’s first and largest staffing services firm specializing in accounting and finance, and conducted by an independent research firm. It was based on telephone interviews with more than 1,400 CFOs across the United States.

CFOs were asked, “How attractive would you find the prospect of consulting when you approach retirement?” Their responses:

Very attractive   27%
Somewhat attractive   48%
Not attractive at all   24%
Don’t know/refused       1%
    100%

CFOs also were asked to identify the greatest benefits of consulting as one approaches retirement. The advantages most commonly cited were remaining in the workforce but working fewer hours (noted by 47 percent of respondents), earning money to supplement retirement (38 percent) and gaining experience working for a variety of firms (11 percent).

“Many professionals would prefer a measured transition to retirement, and consulting affords them the opportunity,” said Paul McDonald, executive director of Robert Half Management Resources. “Consulting enables experienced professionals to maintain many of the benefits of work, including challenging assignments, competitive compensation and intellectual stimulation, while still allowing time to pursue personal interests.”

Companies stand to benefit from using experienced professionals as consultants, noted McDonald. “By allowing those nearing retirement to take on mentoring roles, firms can ensure these workers’ expertise and knowledge are retained and passed on to other employees in the organization.”

About the Survey
The national study was developed by Robert Half International, the world’s first and largest staffing services firm specializing in accounting and finance. It was conducted by an independent research firm and is based on more than 1,400 telephone interviews with CFOs from a random sample of U.S. companies with 20 or more employees. For the study to be statistically representative and ensure that companies from all segments are represented, the sample was stratified by geographic region and employee size. The results were then weighted to reflect the proper proportions of employee size within each region.

About Robert Half Management Resources
Robert Half Management Resources has more than 140 locations worldwide and offers online job search services at www.roberthalfmr.com.

 

 

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