A group of employees all smiling whilst looking at a piece of paper

Benefits to the Employer

For most, gone is the notion of ‘retirement age’, not to mention the benefits that would be received at the end of one’s career.

For a variety of financial and personal reasons, retirement is now an open-ended choice rather than a given and it is having some serious consequences for organisations.

Three ways the open retirement age could be affecting your business:

Succession Planning:

Having a succession plan in place is essential to allocating leadership development, maintaining business stability and retaining the confidence of the Board.

Depleted Talent Pool:

With fewer opportunities for moving up the corporate ladder, engagement and retention of emerging leaders has become increasingly difficult.

Wider Disengagement:

An unplanned, erratic transition process is destined to create wider disengagement which, if not tackled swiftly, can lead to a more general downturn in morale and productivity.

Savvy companies appreciate the benefits of investing in tailored Lifestyle Choices programmes. Providing staff with such support helps them to better understand the opportunities and risks that come with taking the decision to retire from their present place of work. Many people reaching the perceived retirement age are uncertain about the effects that retirement will have on their financial situation, identity/status and health and well-being. When these fears and challenges are addressed and planned for, the reluctance to retire is greatly diminished.

How we have helped people with Benefits To The Employer

“The opportunity to discuss work and performance with a truly independent person has been invaluable – I really cannot stress that enough. Operational pressures within the business mean that our internal focus is incredibly short-term – my coach was able to help me look outside this. I would certainly recommend CDS to anyone looking for professional coaching services”

Plant Manager – Manufacturing Sector

“My CDS coach created a safe space to share challenges, frustrations and prompted me to think more broadly about my specific circumstances and how I could address my challenges with the relevant audience in mind.”

Managing Director, – Finance Sector

“I enjoyed the whole coaching journey. From the initial meeting where I was asked to articulate where I thought I was in terms of my current working environment and the challenges I was facing – with too many plates spinning, right through to my current role and work life balance. The opportunity to share my experiences in an open and safe environment without judgement was hugely beneficial.”

Senior Leader – Finance Sector

Benefits to the Employer

For most, gone is the notion of ‘retirement age’, not to mention the benefits that would be received at the end of one’s career.

How we have helped people with Benefits To The Employer

Outplacement is a very unsettling time. If you want extra support for those affected by this transition contact us today.

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