Making Your Next Chapter
Your BEST Chapter
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Today, most companies' workforces consist of employees from multiple generations. As challenging as it is to effectively manage the generations with distinct differences in perspectives, motivation, work styles, and preferences, it could be equally as challenging to manage the talent supply (and impending shortage) as individuals begin to transition - or perhaps choose not to transition - into the next chapter.
Many people are choosing to retire later (or not at all) for a variety of reasons. Good health, great social connections at work, a sense of purpose, and a desire to continue to use the talents and skills developed over 40+ years are a few of those reasons. This is likely very positive for your business as it minimizes the turnover and talent loss that would have occurred if employees chose to retire when they were eligible to begin receiving social security and other age-related benefits.
Alternatively, many employees are seeking to remain in the workforce primarily to meet financial and insurance needs. The economic struggles of the past year have impacted choices and plans made by those who had anticipated retiring but now simply cannot afford to do so.
So how do companies balance the positives of retaining employees who want to stay, and the challenges of those employees who feel they have no choice but to stay? How do we help employees in these situations become or remain engaged, positive, and productive? And, how can companies help their employees think about "what's next", even if "next" is not right around the corner? Ultimately, if employees are prepared, it is easier for companies to be prepared as well.
Let Transforming Transitions assist with these challenges. Contact us at info@transformingtransitions.com for additional information.