|By: Keith Kefgen and Rosemary Mahoney-Browning
- September, 1998
In our previous article we described the strategies for building a financially secure retirement. But what happens when you finally retire, only to find yourself missing the activity or work?
More and more retirees are going back to work in a second career. Lee Iacocca, the former CEO of Chrysler, commented after retirement that he "felt left out, useless and missing the sense of contribution he once experienced." The hospitality industry has been a haven for Iacocca, why not make it one for you?
Travel and tourism has been one of the fastest growing job creators in the country. Combined with low unemployment, job growth in the lodging industry makes it ideal for a second career. When hitting the hospitality job market, remember to keep these tips in mind:
The Search Process
Once you have identified the type of job you want to pursue, tailor your resume accordingly. For example, if you want to be on a board of directors, illustrate your leadership skills, highlight areas of expertise, such as director experience at another public company, and so forth. Be clear that you are seeking a specific type of job or assignment as a second career. Below are a few guidelines for the interviewing and resume process:
Putting Your Best Foot Forward
Many new retirees are committing to philanthropy and volunteerism. Every national association in the hospitality industry is understaffed and over worked. Opportunities abound for politically connected seniors. Tax, ADA, and environmental issues are just a few of the topics that the hospitality industry needs greater representation "on the hill".
If you are a late blooming entrepreneur, there are numerous ownership and franchising opportunities in the industry. McDonald's for example, has targeted seniors for both employment and franchise ownership. They realize that seniors have retirement nest eggs, and the mental and physical stamina for running a business.
Today, retiring is simply a time to make a change, not just a period
to improve your handicap. A second career should be rewarding, productive
Keith Kefgen and Rosemary Mahoney - Browning are President and Assistant Vice President, respectively, of HVS Executive Search, the Mineola, NY - based human resources consulting firm which produces the Hospitality Compensation Exchange Annual Report.
For additional information contact the firm at