The key to reentering the work force successfully is having skills that will give you an edge in the marketplace. You may need to brush up on rusty skills or acquire some new ones. For example, being computer literate is very important in many of today's jobs. If you do not have a background that includes using a computer, you may want to look into taking a computer course.
Begin by reviewing your previous work experience and listing the skills you acquired on earlier jobs. Then take a look at what you've done during your years away from the job market. Remember that all experience counts, whether you were paid for it or not. Think about the skills you've been using at home, in volunteer work or through your hobbies. Then consider how they can be applied to a new job.
Once you've listed your experience and skills, think about the type of work you want to be doing. Compare the skills needed for the job with the skills you currently have. There probably will be some gaps. Now is the time to fill in those gaps, even before you begin your job search.
If you're a professional who has kept abreast of developments in your field, you're ahead of the game. If not, visit the library or bookstore to do some research. Perhaps a friend or colleague can help. Find out what refresher courses are offered by professional organizations, local colleges and adult education programs. Brushing up takes time, so it helps to start thinking about your return to the work force well in advance.
If you're interested in entering a new field, plan to take some basic coursework. You may need to put in several semesters before you have the skills for even an entry-level job. Talk to an instructor or school advisor about the best way to get your skills up to speed quickly. If you need immediate work, you may have to take another type of job while you're attending classes.
Special Note for Post-Retirement Job Seekers
With many Americans leaving the work force earlier and living longer, retirement can stretch over many years. You may discover that your retirement dollars don't go quite as far as you'd anticipated and decide that you need a new job to generate more income. Or you may find that you want to go back to work - but this time on your terms. After all, work has its own rewards - the regular contact with people and the knowledge that you're contributing. You may even be able to work for your previous employer, perhaps as a consultant or part-time employee. You may also decide that retirement is an ideal time to start your own business. For more information on this option, read Life Advice: Starting a Business.
Be aware that holding a paying job can affect your Social Security benefits as well as your taxes. You can still collect Social Security benefits if you work, but if your earnings exceed a certain amount, your benefits may be reduced. Before you take a post-retirement job, call or visit your local Social Security office to find out the latest regulations and their implications for your benefits. Also check with your accountant or tax advisor to determine the tax implications.