Survey Shows Many IT Professionals Would Consider Consulting as Bridge to Retirement

Aug 22, 2006

MENLO PARK, CA -- The move from full-time work to full-time leisure will be a gradual one for many technology executives, a new survey shows.  Nearly half (46 percent) of chief information officers (CIOs) polled said they are likely to consider consulting or project work as a way to transition to retirement.

The national poll includes responses from more than 1,400 CIOs from a stratified random sample of U.S. companies with 100 or more employees.  It was conducted by an independent research firm and developed by Robert Half Technology, a leading provider of information technology professionals on a project and full-time basis.

CIOs were asked, “How likely are you to consider consulting or project work as a means to transition to retirement?”  Their responses:

Very likely   13%
Somewhat likely   33%
Not at all likely   52%
Don't know       2%

“For those nearing retirement, leaving a full-time position is often a lifestyle choice and not a decision to stop working entirely,” said Katherine Spencer Lee, executive director of Robert Half Technology.   “Consulting provides a way for IT professionals to continue leveraging the expertise developed over their careers, earn extra income, mentor the next generation of talent and gain the flexibility to pursue other interests -- both professional and personal.”

Lee noted that companies also are benefiting from these arrangements.  “Seasoned workers who take on consulting roles help employers bridge knowledge gaps, which makes these professionals a desirable source of talent.  To recruit from these ranks, companies are increasingly offering work/life balance incentives, such as flexible schedules and telecommuting options.”

With more than 100 locations in North America and Europe, Robert Half Technology is a leading provider of technology professionals for initiatives ranging from web development and multiplatform systems integration to network engineering and technical support.  Robert Half Technology offers online job search services at www.rht.com.

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