Demographics in the U.S. and other developed nations point to an aging population as varied as the general workforce.
Some choose traditional retirement paths while others seek options allowing them to remain engaged and involved with their careers. Employees are remaining with their organizations longer and rarely plan for disengagement and how to transition to retirement. This lack in retirement transition planning is leaving a void in workforce planning, impacting succession and critical knowledge transfer, not to mention employee engagement and organizational performance.
By 2024, 1 in 4 U.S. workers will be age 55 or older…up from 11% in 2000… by 2030, 1 in 5 U.S. workers will be 65+
83% of companies report having a significant number of employees at or approaching retirement age (Deloitte, 2018)
CPI -Austin’s Retirement Transition Planning helps employees in the aging workforce prepare for retirement so they can enjoy the next chapters of their lives while it helps employers prepare for a changing workforce. Retirement transition marries the need for workforce and retirement planning with employees’ need to think about next steps. By engaging employees and the organization in a meaningful conversation, we promote the dialogue and planning that drives better outcomes for all.
We help organizations honor the legacy and contributions of the aging workforce while also preparing them for retirement and the organization for transition. Our programs and methodology ensure that late-stage career employees will feel valued for their work and supported in their journey, while the organization can more effectively address succession planning, knowledge transfer and continuity.
For over thirty years, the CPI-Austin consulting team has been helping small, mid-sized, and large companies manage older workers and providing helpful and effective services that help make the transition to retirement easier for both the employee and the organization. Contact us today to learn how our team can help your employees successfully prepare for retirement.
Retirement transition planning and coaching support