Career Life Transitions Changing Gears workshops are really gathering momentum in WA, we have now put hundreds of people through the program and I’m being asked ‘what are the benefits to the employees and the business?’
 

From our every growing experience, we are finding some real trends:

1. People don’t really understand Super, they know they and their companies contribute, but they don’t understand the bigger picture or how it will work in retirement.
2. People don’t understand Centrelink or Financial planning
3. They don’t focus on life plans – wills, power of attorney etc.  We’ve meet people in their 70’s with substantial assets and no will.
4. People haven’t really thought or considered what they are going to do in retirement, they think it will be one big holiday, or more time to play golf.  Mental and physical health are key areas that need to be addressed in retirement, people need to be mentally stimulated and have a social outlet.
5. People are using ‘dollars’ as a goals not thinking of it as an ‘enabler’ . If you are using up your active retirement to make as much money as you can for your active retirement, you’ve missed the point.

The policies and procedures of the organisation can have a huge impact on people moving to retirement. Having an organisational culture that:

1. Allows retiring people to wind down.
2. Allows them to leave an organisation with the same focus and respect as when they joined.
3. Takes their age and contribution into consideration.
4. Provides an avenue to contribute back through mentoring and therefore retention of company knowledge.

Benefits to the organisation include:

* Being an employer of choice through positive management of the full working life cycle.
* Addressing, up front, safety issues around an ageing workforce (reducing insurance liability and costs).
* Retention of vital organisational information.
* Ability to develop accurate succession plans.
* Employee engagement.

If you’d like to know more about how Career Life Transitions Changing Gears program can support your ageing workforce, please call or email us on (08) 6336 8620 or info@careerlife.net.au