So, you’ve taken a look at your retirement future and found that you will need extra income. Maybe you have retired already and retirement isn’t all that you thought it would be and you’ve got too much time on your hands while finding there is always more month left than there is money. Going back to work for your former employer may be just the right thing for you. I’ve seen some of my own colleagues do this. Even if you don’t care too much for your former employer, you may do well to swallow hard and go back to work on a part-time basis to raise your standard of living during retirement. Many employers are happy to allow good employees to return to work part-time or even full time. Why, because it is an advantage to the company. The company saves time and money. They can save on healthcare insurance, life insurance, matching retirement contributions, training for a new employee to get them up to speed in the position they would be taking and of course, they will save money on wages and the possible errors that could be made by a new employee in training.
So how can you be sure that your employer will hire you again after you’ve retired? Well, you can’t for sure but you should be able to get a pretty good idea. You’ll first want to reach out to someone you have a good relationship within the company and start a confidential and casual conversation floating the idea of going back to work. Maybe you had a supervisor, department head or manager that knows and respects you and can give you an honest opinion of how you are viewed in the company and if there would be a possibility of being rehired. Much will depend on what kind of employee you were perceived to be before retiring and what value your skills bring to the company.
If you get rehired, you’ll want to make sure you work out an agreement with your employer as to what your responsibilities will be when you return. If you are returning to your old position part-time or your employer is putting you into a new position, you don’t want to go to part-time and be expected to continue with the same workload and level of responsibility that you handled in the full-time position for half the income. Make sure there is some kind of written agreement as to where the boundaries are.
You may also be able to work out an agreement that will allow you to work from home. That will save you time and money on commuting to and from your workplace every day. I love to work from home and have that extra time in the morning for myself. I can run a quick errand or get an extra hour of sleep. Commute time to the office is only as long as it takes to walk down the hall to the home office and the dress code is much more relaxed. It also makes lunchtime much more convenient. If your employer won’t go for the work from home option or your position requires you to be on site, you may be able to work out flexible hours that will give you the opportunity to get to work later and leave earlier. Another option is to work just two or three days a week. Tuesdays and Thursdays or Mondays, Wednesdays and Fridays.