Posts Tagged retirement
It’s national Men’s Health Week this week. Did you know? We wanted to bring it to your attention, because we meet a lot of men in the pre-retirement zone who attend our Envisage seminars. And the health statistics for men post retirement are significantly worse than those for women; particularly for men who retire early.
A 2005 study found that retiring at age 55 was associated with an almost two-fold greater risk of dying compared with employees who postponed retirement until their 60s.
Gender made a difference. The risk of dying early was 80% greater for men than for women, the researchers said.
The study doesn’t say, but we would hazard a guess that many people who retire early haven’t really planned for their future. They may also be retiring early because of poor health. Does this relate to you? Or someone in your circle of friends, family and colleagues?
In any case, men’s health really matters. Your health, the health of your father, your partner, your son, your brother will have a profound impact on decisions they make about the future. Can you take some time now to focus on men’s health? Here are three links to help you along the way:
- Man Therapy ( a new site from Beyond Blue) It’s serious fun. No doubt you’ll meet some men in your life on their website.
- Men’s Health Week - with loads of articles and resources
- Envisage – free resources for people in career transition or pre-retirement
Happy Men’s Health Week to you!
In our Envisage – Create your future program, we have a saying: Plan for the future, because that’s where you are going to spend the rest of your life. It’s attributed to Mark Twain and we’ve been trotting it out for some time now. It’s a powerful quote but last night it hit me out of the blue how planning for the future is always relevant – at any age.
I was addressing a men’s group at a dinner last night. They wanted to hear about the Olympics and volunteering and the ‘new retirement’. Bear in mind, most of these men had been ‘retired’ for 15 or more years. They were all active volunteers as airport ambassadors, or deliverers of meals on wheels or running the local op shop and the like.
I ended my speech with the quote and I was suddenly struck with how relevant it was to even this group of men aged in their late seventies upwards.There were plenty of nods around the room. They still had their bucket list and some goals for the future.
We’ve been running some data on the impact of our Envisage seminars and Envisage online. This is something else that’s surprised me this week. As far as we can tell, whether people are spending four hours in a seminar or an hour online, the impact on their personal goal setting is pretty line ball.
As a result of completing Envisage – either in a seminar or online:
- nearly a third of participants commit to a financial planning consultations
- between 33% – 44% get a health check
- nearly 70% hold a conversation about their future with significant people in their lives
I think the data is telling us, that even setting an hour aside to plan for our future can have a profound effect. It’s about being in action and taking steps.
So, whether you are 50 or 80, take an hour or two to plan for your future. Research tells us you’ll be happier if you do.
It’s International Women’s Day on Friday. And we particularly want to raise a toast to mature women. In our experience, Diversity Council Australia bears this out, mature women are a group who are most likely to be undervalued, underemployed, discouraged and departed when it comes to workplaces.
Some years ago, I was working on a major mature workers retention project within the public sector. The project manager – let’s call her Yvonne – was an energetic and insightful senior woman in her early 60s. She had never quite cracked the ‘executive’ level of the public service despite numerous attempts, but she was obviously admired and respected. With surprisingly good humour, Yvonne shared a story of her early working days, when women weren’t invited to the superannuation information sessions. She remembers asking if she should be attending, but was told that given she would be getting married and having a family, she didn’t need to worry about it! Despite the discouragement, she pursued superannuation advice; she missed out on being part of a defined benefits scheme by a matter of weeks. Over the last ten years, she’s watched her male colleagues retire with comparatively lucrative superannuation, indexed for life.
Yvonne loved working, and despite what might look like a really successful career, she found that in her early 60s, she wasn’t considered for new opportunities being “over-qualified”. She’s now departed the workplace and hopes to consult to continue participating in the workforce.
There are tens of thousands of stories like this one.
What do mature women really want? What can employers give them?
Identity: Mature women want to be valued and recognised for their work and non-work roles. The much held assumption of retirement or full-time elder / child care for this co-hort is limiting. Providing support for making decisions about their own future – which could equally include starting a new career or returning to work or developing their role, is something all employers should consider.
Money: Mature women want financial security. Many women have been disadvantaged with retirement savings. Tailored, focussed financial advice for mature women is imperative.
Career: Women aged 55+ form the fastest growing labour pool. Designing roles that particularly attract mature women will stand any employer in good stead in a market where skills shortage is a major challenge. Providing career coaching and development opportunities for mature women will empower them to challenge the assumption of retirement or underemployment.
Health: Mature women spend a lot of time caring for others – often to the detriment of their own health. What programs can employers put in place to particularly support healthy ageing for women?
Relationships: Mature women spend a lot of time caring for others – but who is caring for them? Mature women want happy, healthy relationships. Employers who recognise and acknowledge the relationship demands that mature women juggle and structure work demands accordingly will benefit.
One might argue that these five things are relevant to men and women; and you’re right, they are. But there are points of emphasis in each area that are particular to mature women. Providing a structured framework for women to have conversations and take action will reap benefits. Some organisations we work with have used Envisage as a means of providing this framework to mature women. Some are holding International Women’s Day seminars specifically for mature women; they were oversubscribed in a matter of days!
You can road test the Envisage half day seminar on Thursday 21 March in Sydney. You may like to invite some mature women in your organisation as an International Women’s Day gesture?
We have the opportunity to transform undervalued to valued, underemployed to richly employed, discouraged to empowered and departed to recruited and retained.
More information and links:
Want to find out why? Then you need to book in for our open Envisage seminar in Sydney on Thursday 21 March 9 am – 1 pm. $295 per person. $250 per person for two or more attendees from the same organisation. Christie Conference Centre,
3 Spring Street, Sydney.
This is a rare opportunity to experience Envisage without having to book a whole seminar for your organisation. You may be an individual who hasn’t had the opportunity to attend through your workplace. Or you may be a people leader or HR practitioner who wants to ‘try before you buy’.
Envisage is a powerful program designed to support people in late career. Sageco research found that 78% of mature employees were ill prepared for career and retirement planning. Based around a holistic framework of identity, money, career, relationships and health – Envisage is a platform for creating the future. The Sageco Envisage seminar takes participants on a life journey over four hours. Guided by an experienced facilitator, participants explore where they are now and what career and retirement options lie ahead. They capture their thoughts and goals in a beautiful journal – a gift to support them for the future.
Contact us now for a flyer and we’ll book you in.
PS – Here’s a fun website out of the UK I stumbled upon this week. You might enjoy the upbeat articles on why age has its benefits.
As we savour all the good things from 2012 and look forward to the transition to 2013, we wish all our Sageco circle a wonder filled festive season.
We’ll be back on deck on Monday 7 January 2013.