The disappearance of employer pensions, combined with an aging population, are leading both workers and employers to consider alternatives to traditional retirement. One option being explored by employers is "downshifting" -- the ability of an older worker to reduce working hours and workloads while remaining on the job.
A downshifting worker could, for instance, work only half-days or a few days a week; a work schedule could be tailored to a worker's individual needs, provided it's in line with the employer's business requirements. Downshifting has a number of advantages for both workers and employers, and offers a compromise between continued full-time employment and retirement.
Sources: University of Kent, World Future Society
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