Encore Career

What is Encore Career?

 

‘Encore Career’ refers to the short-term career chosen by retirees right after retiring to the time they can work. Mostly, an encore career provides a meaning and social impact along with remuneration and the individuals choosing it would be doing it for the benefit of society and personal happiness.

 

Generally, encore careers are seen in public domain fields like education, NGOs, charities, the health sector, social services, volunteers, etc. Many individuals take up encore careers as a way of giving back to society and being at peace with oneself in one’s old age.

 

A great example of someone who chose an encore career is Bill Gates, who retired from his position as CEO of Microsoft to pursue an encore career in philanthropy via the Bill & Melinda Gates Foundation.

More HR Terms

Coaching

What is Coaching?   ‘Coaching’ is the process of helping an individual or a group of individuals improve themselves. It might be conducted either for

Redundancy

What is Redundancy?   In layman’s terms, ‘redundancy’ refers to the state of not being useful. However, in the corporate domain, redundancies are the process

Non-traditional Employment

What is Non-traditional Employment?   ‘Non-traditional Employment’ is the term used to define the occupation and industries which have less than 25% of their employees

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