The UMAC Difference
We have before us a tremendous opportunity to redeploy the skills and experience of encore adults for the greater good.
Boomers (born 1946-64) are leaving their career jobs at the rate of 10,000 a day, and GenXers are close behind. Some are recareering at midlife to better align with priorities at this stage of life. Others seek alternatives to outdated models of retirement. For the majority of encore adults, work in some capacity is an expectation, preference and need.
During the spring semester, fellows volunteer on a project or serve as a “midtern” - an intern at midlife. Fellows help nonprofits expand capacity and deepen impact in addressing our community’s pressing needs. Fellows gain insights and practical experience to redeploy their skills and abilities in new ways.
Video: Be The Match (in development)
Here are some examples of nonprofits that have hosted UMAC fellows.
UMAC fellows bring relevant experience in key areas such as marketing, IT, HR, operations, and management. Over their careers, encore adults developed people skills, organizational management, project leadership, and relational skills that are needed in the nonprofit sector.
UMAC connects the dots between helps nonprofit organizations, social enterprises, and public institutions strategically tap talent to expand capacity and deepen impact in addressing our community’s pressing needs.
As they deepen their understanding of their host organization’s mission, purpose, and impact, fellows may also form lasting ties, continuing to contribute beyond the fellowship semester.
The aging workforce presents challenges and opportunities for corporations facing employee retirements and transitions in leadership. As they plan for transitions, employers need accurate projections and concrete plans around succession, knowledge transfer, recruitment, training, and mentoring next generation talent.
The urgency is real. By 2024, one out of every four workers will be 55 and older.
UMAC can help
University of Minnesota Advanced Careers (UMAC) is a "gap year" for leaders as they transition from career jobs into what's next. UMAC prepares leaders for new roles and identities, connects them with nonprofits to address community needs, and offers inroads to the richness of the University of Minnesota environment as corporate leaders explore their encores.
For corporations, UMAC offers benefits for workforce planning (exit runways, time for knowledge transfer, transitioning of responsibilities), investment in communities (adding talent to charitable giving efforts), employee relations (graceful exits for valued employees, reputation as a great place to work), recruitment of talent (building brand identity with high potential university students), and cutting edge research and scholarship (expanding knowledge and connections with researchers and thought leaders at a leading university).
UMAC builds on research findings of Minnesota employers and their approaches to engaging an aging workforce (Moen, Kojola and Schaefers, 2017).