When it comes to finding a job after the age of 40, priorities change. Pressures of globalization, competition from younger workers and need for personal fulfilment create a career crisis point for employees. Not surprisingly, older workers are starting to feel the heat.
Here are three things that matter most to older Canadians, when it comes to employers:
The stability and type of pension are key as baby boomers exit the work force, says Richard Yerema, managing editor of Canada's Top 100 Employers. Many private sector employers have moved to defined-contribution plans, which put a much heavier onus on employees to provide for their own retirements. Traditional defined-benefit plans are still found in the public sector and among larger private-sector employers, though many are limiting enrolment to older employees.
"We talk a lot about millennials [the generation born between 1982 and 2000] but we need to respect and communicate with all levels and ages," says Mark Cosenzo, assistant director for human resources for CSIS. "We are way more consultive now than we were five or 10 years ago."
"You lose people in life," says Mr. Cosenzo. "Whenever we lose someone at CSIS, we put up a little memorial on the front of the building. That kind of thing goes a long way with me as I get older."