It is no longer a time of rest from work as the expertise of most senior workers is still needed even when they have passed regular working age.
Retirement is a big deal. It marks the start of another chapter in an employee’s life. It reveals the end of a career or the start of a new one. And it is also a life event that changes every day with other experiences. Information indicates that more and more senior citizens do not just fall into idleness and lead a precarious life. They are becoming more resourceful not only to the companies they worked for but also to their country in general. Besides being consultants and entrepreneurs, some companies call back their workers from retirement due to their wealth of experience acquired after several years of work.
Most senior citizens on retirement have not gone into slumber because they do not have a regular job. Vast majority of the professionals are today coaches or consultants, in their former companies or their domains of competence. Because of the experiences, interesting and fulfilling work career of those on retirement, former employers of such professionals have not hesitated to hire their services while on retirement to coach younger staff and boost the development of the company and the national economy. Of course, competition for these plum positions is growing especially in big organizations like the UN. A 2016 study estimated that there are more than 53,300 professional coaches worldwide, and the British paper, “The Independent” pegged the number of management consultants at 500,000. The influence of senior professionals has also kept this group of people active and profitable to themselves and the nation while on retirement. The African society, particularly Cameroon, is the most striking illustration of this as age is far from being a shipwreck but the accession to the status of "dean" for some and "patriarch" to others. «The influence of such seniors is inseparable from the traditions. Knowing that the elderly commands respect, educates, guides, and is consulted, their services have been hired to impact the socio-economic and even political dynamism of the community.
The world of successful entrepreneurship is flooded by people above 60 years. A glaring example is United States, for example. Statistics indicate more than half of American small business owners were 50 years of age or older in 2016, up from 46 per cent in 2007. And five years after the opening of the business, 70 per cent of the businesses created by Seniors are still waxing strong, compared to 28 per cent of the businesses created by young entrepreneurs. In our society today, most senior professionals are into small business, while working from the comfort of their own homes. Today in the real estate, agriculture and livestock are booming thanks to retirees. Many production units behind the apartments of senior managers in industrial areas are the result of investments by retirees.