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Intel's new approach to retirement: encore careers
Old 03-27-2013, 08:38 AM   #1
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Intel's new approach to retirement: encore careers

Not sure where to put this, as it covers many areas. Nevertheless, I thought it was interesting:

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Last year, the technology giant launched the Intel Encore Career Fellowship - a program offering a paid, one-year, $25,000 stipend to encourage near-retirement employees to put their skills to work in new careers with a social purpose.
Intel's new approach to retirement: encore careers | Reuters
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Old 03-27-2013, 08:40 AM   #2
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If my Megacorp had had such a program, I'd have jumped at it. I may well pursue an encore career on my own one day, but Intel would have made it easier...
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Old 03-27-2013, 08:44 AM   #3
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Interesting concept. I suppose that for the right person, as long as there was some amount of choice in the type of work you do (based on your own ideals), it could be an interesting transition and another thing to think about as an alternative to "one more year syndrome".
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Old 03-27-2013, 09:08 AM   #4
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Interesting - sounds like a way top put a positive spin on downsizing and keeping a severance package towards the low end. Be interesting to see how this works for them, could be a good fit for some people.


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Old 03-27-2013, 06:11 PM   #5
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Great idea!
Many folks enjoyed their best success in a second (or more) career.
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Old 03-27-2013, 06:14 PM   #6
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Wow. I agree with ERD50 ! Let's celebrate :-)
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Interesting - sounds like a way top put a positive spin on downsizing and keeping a severance package towards the low end. Be interesting to see how this works for them, could be a good fit for some people.

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Old 03-28-2013, 01:46 AM   #7
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I might have stuck around if they had this program when I was there.
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Old 03-28-2013, 01:52 AM   #8
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Sure wish my company offer that.

I asked for a 2 months unpaid leave because I 'm so burnt out and they wouldn't grant me that.
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Old 03-28-2013, 07:48 AM   #9
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That's really cool. Good for them.

I have plans to work part-time in retirement at something I enjoy, but every time I study the "encore career" concept, it feels too burdensome, like I'm starting up an entire, full fledged second career. That's too much for me. Also, it seems like most "encore careers" involve shifting from working mostly in "normal" jobs to working in the social services sector, for the public good. I've been working in the social services sector for most of my life, so I don't feel that same impulse.

But that's a nice employee benefit.
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Old 03-28-2013, 08:12 AM   #10
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...every time I study the "encore career" concept, it feels too burdensome...
Yep, it is exactly like work, the very thing I retired to get away from.
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Old 03-28-2013, 09:15 AM   #11
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but every time I study the "encore career" concept, it feels too burdensome, like I'm starting up an entire, full fledged second career.
Yup. I retired so I could have the freedom to use my time as I wished. A post retirement job would destroy that.
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Old 03-29-2013, 04:40 PM   #12
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Sounds like a really cool program, but for me personally, I doubt once I've decided to "retire", I'd want to jump into another j*b (even though it's socially responsible, or non-profit), especially for only $25k.

After I've had a break from the 9-to-5 routine, traveled a bit, enjoyed myself, and had some fun...maybe. But transitioning into such a role right after leaving a "rat race" type position...I couldn't do it.
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Old 03-30-2013, 08:43 AM   #13
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Yep, it is exactly like work, the very thing I retired to get away from.
Perhaps being a volunteer moderator on the ER forum or counseling military retirees (a la Nord's blog) would qualify as an encore career and for their nice little stipend?
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Old 03-30-2013, 09:05 AM   #14
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Perhaps being a volunteer moderator on the ER forum or counseling military retirees (a la Nord's blog) would qualify as an encore career and for their nice little stipend?
I tried a few post-retirement volunteer gigs (forum mod, tax prep for low income filers, HOA board member...) and found the cost/benefit ratio left much to be desired.
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Old 03-30-2013, 09:43 AM   #15
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Quote:
Originally Posted by SumDay
Not sure where to put this, as it covers many areas. Nevertheless, I thought it was interesting:

Intel's new approach to retirement: encore careers | Reuters
Being an Intel shareholder, I would be eternally grateful if some of these people would use this second career opportunity to figure out how to get those Intel chips into more tablets and smartphones before the PC industry implodes on them.
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Old 03-30-2013, 08:34 PM   #16
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Being an Intel shareholder, I would be eternally grateful if some of these people would use this second career opportunity to figure out how to get those Intel chips into more tablets and smartphones before the PC industry implodes on them.
LOL, well there are plenty of Intel alumni who are involved in tablets and smartphones. Even several who went to Apple. Anyway Intel is a dividend play not a growth stock.
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