Word: temps
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...When the economy begins to slow down, the staffing industry feels it first." But the dearth of baby-bust workers (born between 1965 and '76) may help counter the bad news. Besides, says Ann Kelleher, president of Mature Resources, an Omaha, Neb., staffing company, special factors may insulate older temp workers, especially highly skilled ones. "We see companies really valuing the work that experienced older workers bring to the table," she says, especially their conscientiousness and judgment...
Retirees who work by choice have advantages that can ease the strains of being a temp. Whereas younger workers see uncertainty between jobs, older workers often see flexibility and free time. Since many are covered by health plans from previous jobs, they are immune to the fears of lost medical benefits. And although older temps may make less money than they did during their careers, their earnings often supplement retirement incomes. High-level executives average six months of work a year with average earnings of $135,000 a year when placed by IMCOR, the Stamford, Conn., placement company that pioneered...
Terry Casto, 54, acted quickly when he retired as chief pilot and interim aviation director at AT&T. Since he had hired temp pilots from Corporate Aviators in Newtown, Conn., he called there. Now he lives--temporarily--in Charlotte, N.C., beefing up a large corporate flight department and earning 1 1/2 times his old salary. When time permits, he and his wife Karen go boating: Hilton Head in winter, Chesapeake Bay in summer. Says Casto: "I'm kind of in the catbird seat." There might be room...
...inevitable that temp work would go international, especially in the telecommunications field, where cell-phone standards vary wildly--and seem to change overnight. Vendors such as Nokia, Ericsson and Motorola and network suppliers such as AT&T and Cingular must be flexible enough to work in developing countries, including China, as well as advanced markets such as Europe, where third-generation (3G) systems will soon combine high-speed voice and data. With telecom engineers in short supply and companies leery of adding full-time staff for short-term projects, contract workers have filled...
...Nortel, testing circuits across Europe. "I would not go back to anything else. It's a lot more freedom and a lot more money," he says. "You can pick and choose what you want to do." The company offers training when necessary to make sure its contractors fit the temp jobs, which can involve everything from designing new cellular transmission stations and selecting sites for transceiver towers to supervising construction and troubleshooting reception problems...