Many of you may look forward to your retirement with great enthusiasm. You can start to play golf, join a bridge group, travel the world or just stay in bed each morning until 10 am! For those of you who can afford to do so, then your dream may well become reality. However, for others, retirement may prove more of a challenge as there is more time to fill each day.
For maybe 40 years, you have been used to the structure of the workplace, and its comradeship. It is where you have spent the best part of each day, for decades. Now, suddenly, you have lost not only your job status and salary but also your focus, raison d’etre and the fellowship of your colleagues at work.
People start to view you in a different way and probably you define yourself differently because your changed status means that your place in society has now altered.
As for the company or organisation, whenever a long-serving, experienced employee retires, it means skills and expertise that have been acquired over many years are allowed to ‘walk out of the door’. Sadly, many employers will just let this happen and the ‘knowledge drain’ becomes commonplace. Instead, what could occur is that companies learn to handle the retirement of skilled staff using a process that facilitates a transfer of knowledge from ‘old’ to ‘young’ in order not to lose skills and knowledge that have been built-up over very many years. Continue reading