Intel Transitions Retirees to Non-Profit Work
Intel thinks some of its employees might be ready for a career change. As its workers approach traditional retirement age, they become eligible for a program called the Encore Career Fellowship, which considers applicants for a switch to a non-profit career that draws on some of their skills honed in the tech sector.
Each fellow receives a $25,000 stipend while working at an organization that may not have funds to pay these new, highly-skilled workers. So far, 40 Intel employees are experimenting with new, emotionally-rewarding careers, and 80 more are about to begin--applications began in fall 2012. Any Intel employee that is eligible for retirement is also eligible for the fellowship program--usually that means age 50 or older. The employees apply to the competitive program, and are matched with a non-profit program by a San Francisco organization called Encore.org.
Theoretically, the fellows can transition their work experience into paid work or decide whether or not they want to continue volunteering after the fellowship ends. For more information, check out this story at Reuters.
Rachel Rosmarin's technology reporting experience goes back a decade to the dawn of Wi-Fi, smartphones and the Mp3. She has an in-depth knowledge of consumer electronics and has cultivated her love of useful new toys and innovative social software at publications including Tom’s Guide, Forbes, Business 2.0, Sound & Vision and Mobile Magazine. She holds degrees in Journalism and Science In Human Culture from Northwestern University and is based in Los Angeles.
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