Consulting – a second career for retiring executives

by Editor 5/15/2008 4:31:00 PM

A considerable number of senior executives are starting careers in consulting and considering this to be a good way to transition into retirement, according to a recent survey by California-based staffing firm Robert Half International.

The firm surveyed 1,400 chief financial officers from randomly selected U.S. companies. 75 percent of them said that they considered consulting to be a viable post-retirement career choice, mainly because of the shorter working hours and additional retirement income.

48 percent of the CFOs included in the survey thought that the idea of moving to consulting was “somewhat attractive” and 27 percent found it “very attractive.”

Paul McDonald, executive director at Robert Half Management Resources, said:

“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,” adding that the expertise and industry experience of former executives is something employers could definitely benefit from. 


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