An increasing number of executives are changing their careers at mid-life or later, a Korn/Ferry International survey finds. The survey on “re-careering” polled 273 Korn/Ferry consultants on the trends they see in the employment market. Asked if they have seen an increase in the number of executives who are “re-careering,” 42 percent of the firm’s consultants replied “absolutely” and 20 percent replied that they are seeming “somewhat” of a trend in this direction. And 63 percent said they perceive more opportunities opening up for career shifters.

Korn/Ferry’s consultants cited a range of motivations for career changes, including boredom with retirement, sense of productivity, the need for intellectual challenge and insufficient retirement funds. Smaller numbers cited as motivating factors the need for social interaction, a need for daily structure after retirement or increased life expectancy.

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