In the world of Human Resources, there's no shortage of available content if you're studying the importance of the candidate experience, the onboarding process, and employee engagement. Find the right people, assimilate them quickly and effectively, and constantly seek opportunities to improve or enhance the employee experience. Add to that the "Great Reshuffle" phenomenon, and you have a hiring & retention focus like few times ever before.
But...when was the last time you had a strategy session to discuss potential retirees? For that matter, who even discusses "retirement" anymore? Is that still a thing? The days of the gold watch and the pension are now part of nostalgia; formal succession planning is still a critical process, but "Most people spend more time planning a wedding than they do planning retirement." At most companies, the first mention of retirement is when the employee alerts you to the fact and the process of finding a replacement begins in earnest. Donuts in the breakroom, a nice write-up in the newsletter and Bob's Your Uncle.
And that's a shame. Did you know there is a 40% increase in depression in the first year of retirement [Institute of Economic Affairs, 2017]? Or that 61% of those in retirement state they mostly/always feel alone [Journal of the American Geriatric Society, 2019]? Suicide rates double, healthcare costs increase and most importantly - "Purpose" is often lost.
Meet John Briggs, one of the Managing Partners at Authentica. John and his team have developed a unique program specifically designed to purposefully prepare the retiree for their next phase of life. The program, "Covered Bridge" focuses on an intentional pause (see, there's your title) to prepare the future retiree for life beyond their profession.
Get your ears on and give it a listen, won't you? #Hardballer #RideOrDie
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