Easing Into Retirement

By CIO Update Staff

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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%) of 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 provider of IT 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, RHT's executive director.

    "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 because former executives that consult help bridge the knowledge gap when seasoned pros leave.