Put the champagne on ice
The impact of a later retirement on employee engagement.
It turns out that we all need to wait a bit longer until we hang up our hats on the work front.
A startling new statistic was launched by the Government recently – the retirement age is planned to be increased to 68. This means that we’ll all be that much older when we are mortgage free and able to pursue those dreams of carefree travel and taking up interests that we just don’t have time for in amongst our busy working lives.
It’s only another year…but emotionally, how does that make us feel? Many of us grew up with the notion that the retirement age was early to mid 60’s. We are now pushing towards the 70 mark and that feels tough. For many of us, our mission will be about finding the motivation to keep going, to keep wanting to get up in the morning and deliver. To deal with the pace and stress that is associated with work. As technology changes around us, we find it harder to keep up and stay interested the older we get. We run the risk of becoming dis-engaged with our careers.
For organisations, there is a big HR and management job to manage because the gap between the new starters and those nearer to retirement will be bigger than ever before.
Managing the enthusiastic newbies and the battle torn older employees requires careful consideration and is where harnessing the right engagement strategy will play its biggest role yet.
Ensuring that people at the end of the careers are still engaged to deliver their best and using their experience as a positive impact on the organisation as well as help shape the new starters is definitely an avenue to explore.
Engagement needs to be managed and tailored to the point at which the individual is on within their own career journey. De-motivated and disconnected employees isn’t good for the individual or the organisation. Managers have a tough task ahead of them.
Are you ready? If you need help, give us a call. We are experts in Employee Engagement and can help you to get the very best from your people at whatever stage of their career they are at.