Workforce Retention
Posted: April 30th, 2008Tagged: Retirement |
Retire? Sounds good, but an increasing number of people hitting that magic age-whatever it is-are working right past that traditional retirement time, with no intentions of giving up going to work.It might not be to the same place they’ve gone for years, but it will be someplace where they can offer their experience and knowledge.
Traditional retirement will cease to be the choice for the majority of baby boomers, and lack of funds is not the driving motivation for this dramatic change. Many baby boomers are looking for direction to make their ‘bonus years’ more personally meaningful.
There is no retirement model that will work for everyone. However, one thing is certain. Successfully navigating the retirement revolution requires a commitment to life planning. Most “boomers” feel good, and want to contribute to society.
Here’s a thought for employers–why not retain people of retirement age to continue to offer their skills? A company doesn’t want to lose all the intellectual and institutional knowledge possessed by older workers. In many cases, people actually want to keep working, just not in the same manner. There are hundreds of thousands of employees who intend to leave full-time employment within the next few years. With some education, guidance, and planning, these same employees might be interested in maintaining a business relationship with their employer—they just do not know how. Why let that talent just walk out the door?


