Baby Boomer Phased Retirement
The times they are a changing! As a baby boomer himself, Bob Dylan's lyrics characterise the mood of the older workforce. Most baby boomers do not want to completely retire, but nor do they want to keep working the way they are.
The new way is to ask your employees what they would like to do. Many will say they want to work 2-3 days per week and take a phased retirement.
LIFE TIME WISE encourages older employees to keep an open mind about their later woking years. For some, the first year of retirement can come as a shock and the opportunity to come back to work for short periods or special projects is a valuable option for both employer and the individual.
The benefits of the Phased Retirement strategy for the organisation include:
The benefits of the Phased Retirement Program for employees include:
Wisdom and Baby Boomers
For over a decade LIFE TIME WISE has helped companies develop phased retirement programs, and in doing so saved them money through robust attrition planning and less reactive recruitment practices.
As baby boomer attitudes to work have changed, so too has my approach. Today much of my work is targeted at helping baby boomers and the employer identify ways to enhance the working life of those who want to stay at work beyond the traditional retirement age.
This creates opportunities to map the wisdom that long tenured employees have developed over decades in the workplace allowing for the transfer of valuable know how, know why, know what, know who and know when.
LIFE TIME WISE works with the individual and the business to create harmonious and productive later life work solutions. Healthier and happier older workers are more effective and are a lower injury risk than someone who is not happy about having to work longer than they anticipated.
Contact LIFE TIME WISE to assist you with your baby boomer workforce planning needs.