Scientists and engineers are discovering new options for parlaying their knowledge, skills and wisdom as they near retirement age. For example, YourEncore.com invites talented retirees with expertise in science and engineering to become part of a worldwide network that companies can call upon to help address their biggest challenges. Started six years ago, YourEncore.com now has a worldwide network of 6,000 scientists and researchers, 65 clients and a track record of successful engagements. Vice President of Client Development Gary Crays describes why companies are tapping the accumulated experience and wisdom of retired scientists and engineers.
There are two factors behind the success of YourEncore. First, the global economic downturn that resulted in across-the-board cost cutting may have resulted in companies downsizing too quickly. Now that an upturn is on the horizon, these same companies need to develop new products and services, but are struggling because they have jettisoned some of their brightest people. Secondly, within the last year, open innovation has evolved from an interesting concept to a strategic imperative. If a company is open to searching for solutions from outside, it may turn to networks like YourEncore, which has a rigorous approach to vetting its partners.
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