Early retirement is common in the tech industry. In fact, software engineers tend to retire between the ages of 45 and 60.
A significant number of senior tech professionals were forced to retire during the early stages of the coronavirus pandemic. Many of them now are considering reentering the workforce.
If you are one of these tech professionals, you should be able to use your knowledge and experience to land a position. Your talents and abilities can make a significant impact on an organization.
Consider these aspects before deciding whether to resume building your IT career.
1. Your Current Identity
You may have lost your purpose and sense of self when you stopped working. Fortunately, you should have created a new one that can help you reenter the job market.
Many of your technical and non-technical skills should be transferrable to other tech roles and career paths. This increases your number of employment options.
Many employers and industries seek seasoned employees. This provides a range of opportunities that fit your needs and interests.
Focus on who you are and what you enjoy doing. Then, consider taking online courses to update your tech skills. Or, begin searching for a position that fits what you are looking for.
2. Your Bucket List
Make a list of what is most important to you in life. Examples include spending time with family and friends, gardening, golfing, and traveling.
Defining your interests and priorities provides guidance for the next stage of your tech career. It also provides motivation to find a new passion.
For instance, you may want to work with a nonprofit organization whose mission you feel strongly about. Or, you may take on a short-term role to develop your skills and experience while allowing time for the personal activities you enjoy.
3. Your Potential Income
Due to inflation and demand, salaries for skilled tech professionals are increasing. Be sure to research your potential earnings to get paid what you deserve.
Assess your financial situation to determine the level of income you want and how long you might work. Include how your social security benefits, retirement funds, and taxes may be affected if you return to work. Depending on your circumstances, you may be able to take on a less-stressful role with lower pay than your previous role.
4. Your Ability to Overcome Obstacles
Returning to work in the tech industry involves challenges. Preparing for these issues and maintaining the proper mindset can help overcome them.
For instance, avoid comparing yourself to younger employees. You likely have more knowledge, skills, and experience to benefit a company than they do.
Partner with a Tech Staffing Firm
Partner with DVA Technology for help ending your tech career retirement. See the professionals we place and contact us today.