Some older workers are being welcomed back to the workforce

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Some older workers are being welcomed back to the workforce
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Return-to-work programs are gaining momentum, thanks to the potent combination of an aging workforce, increased longevity, and tight labor markets.

Tad Greener’s career and expertise was mostly related to electric and natural gas utilities. Toward the end of 2019 he unexpectedly found himself subject to a “reduction in workplace” at the university where he worked at the time. Losing his job at age 60 “rocked my world,” he says. Still, he wasn’t too worried about landing another job since the economy was strong and a number of employers quickly expressed interest in meeting with him.

“At that time, right at that juncture, I really did need a leg up,” says Greener. “Return Utah got me in the door.” For a longtime a hiring stigma attached to professionals who took time away from their career. That started to change about two decades ago when several Wall Street firms embraced formal career re-entry initiatives in an effort to boost their ranks of professional women. These days companies as diverse as Johnson & Johnson JNJ, -1.57%, J.P. Morgan JPM, -0.70%, Amazon AMZN, -0.24%, and Mastercard MA, -0.83% have built career re-entry programs.

The program is small but growing. iRelaunch helped set up Utah’s program. Each cohort is comprised of about 15 to 20 relaunchers. The participants receive 16 weeks of mentorship, training, and support, including a technology refresher course. Relaunchers are hired either on a temporary basis or with an intent to hire for a permanent position. A majority of participants have been asked to stay on the state’s payroll. “We think it can be much bigger,” says ShayAnn.

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