This Week's Herman Trend Alert Telecommuting to a Better Bottom Line

The Herman Trend Alert October 9, 2002 No More Retirement Retirement, as we know it today, is disappearing. Until recently, most people have invested their working lives with the objective and expectation of retirement in their fifties or sixties. The dream had been to spend time traveling the world, playing with grandchildren, or just doing little chores around the house. No more working for someone else; all your needs would be paid for with the money saved for retirement years. A number of factors suggest that we are seeing the end of this kind a retirement picture. Instead, people will continue to work, at least part- time, for many more years. Relatively few people will enjoy full retirement, but many will find new ways to enjoy partial retirement---a different kind of slowing down. Older workers will remain active in the workforce-on a part-time or full- time basis-into their seventies or later. Some will remain in their career positions, staying longer than they ever imagined they would. Others will retire from their career positions and move into other jobs in the same or different fields. A number of "second season" workers will leave employment to start their own businesses. With the average life span in developed countries now almost eighty years, someone "retiring" at 55 has another twenty years of career life available. There will be a critical need for mature workers. Their wisdom and experience will hold high value for enlightened employers eager for reliable, stable, productive employees. The labor shortage (see www.impendingcrisis.com) will create all sorts of opportunities for talented seniors. Respected for what they have already accomplished, many will serve as coaches or mentors to younger colleagues. Personal values will inspire many 50+ workers to continue working. This generation has a core value of being productive members of society. Stopping work may be in conflict with that value. Retirement will be out of the question for those who have not saved enough to pay their way. They'll have to continue working to pay the bills. The stock market drop made this decision for a lot of retirement-bound workers. Shifts in retirement will change many lives. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." NEED HELP THINKING ABOUT YOUR FUTURE? Our futurists offer thought-provoking and penetrating insights, along with creative ideas to implement right away. Whether you're looking for a speaker or a consultant or a facilitator for your strategic planning retreat, The Herman Group can help you find a person for your needs, no matter what your topic. Call Joyce at 336-210-3548 to discuss your event. REDUCE COSTS BY LOWERING EMPLOYEE TURNOVER If you knew just how much money turnover is costing your company, you would have handled it ages ago! Turnover costs A LOT and it comes right off the bottom line. Let The Herman Group and its team of very experienced consultants help you address your turnover issues right away. We have an impressive track record and stand ready to help you. Call Carol at 800-227-3566; international, call 336-210-3547 for a no-obligation conference call. GOOD SELECTION = BETTER RETENTION If you are not using pre-employment assessments, you are flying without radar---not very smart in today's highly competitive environment. Let us help you better understand your candidates and your employees. In less than 30 minutes, you will know if they can do the job (abilities); their work behaviors, even their personality and attitudes (like integrity & ethics), and those can't be trained. It's very cost effective, too! For more information, contact Joyce at 336-210-3548 or e-mail assessments@hermangroup.com. Validated for many countries and cultures. We offer in-depth help with job descriptions, too! http://www.hermangroup.com/assessments.html. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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