"Downshifting" vs. Retirement

The disappearance of employer pensions, combined with an aging population, are leading both workers and employers to consider alternatives to traditional retirement. One option being explored by employers is "downshifting" -- the ability of an older worker to reduce working hours and workloads while remaining on the job.

A downshifting worker could, for instance, work only half-days or a few days a week; a work schedule could be tailored to a worker's individual needs, provided it's in line with the employer's business requirements. Downshifting has a number of advantages for both workers and employers, and offers a compromise between continued full-time employment and retirement.

Sources: University of Kent, World Future Society