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Companies Should Help Employees Retool for Retirement

08 November
by Careerminds
1 minute read

Many workers spend a healthy portion of their careers training, retraining, and retraining some more to keep their skills sharp. Whether they’re an IT professional taking computer courses on the latest programming language or an engineer getting certified in lean and six sigma, the importance of keeping skills current are critical to job security and personal growth. However, the reality for most employees is by the time their retirement rolls around they are often looking for something completely different to do that requires retooling and career planning.

Waiting until the day you receive your gold watch and handshake to plan for retirement may mean you're probably too late for retooling or retraining. The bottom line is that companies should consider providing training and career transition support for employees who are seeking a career change after retirement.

Being able to successfully execute on a post-retirement career change not only takes planning, but support from your current employer. But, it’s odd thought to think your employer would be willing to support you taking courses for a career change and planning for something different. Most employees probably wouldn't want their current employers to know they are training for a new career. Yet, the reality is it may benefit your employer to support post-retirement interests. IBM, for example, has been known to fund eligible employees who want take courses that differ from their current job function. Surprisingly, research suggests that supporting the growth and development of its employees nearing retirement actually increases productivity at work.

Using a career transition program is an alternative path that soon-to-be retirees who are looking for a second career might consider. So many employees nearing retirement know they want something different, but are not sure of their options or how to market their skills in a different career. A proven career transition service provider will provide retirees with tools to assess their strengths, skills, experiences, and interests, and helps retirees develop a method to achieve post retirement goals.

 

 

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Careerminds provides scalable, strategic solutions to organizations seeking affordable, web-based outplacement services. Using a Web 2.0 e-learning platform that delivers affordable, online career transition services, Careerminds provides a high-tech and high-touch blend of on-demand career transition education supported by senior-level career consultants to help displaced workers reenter the workforce quickly.

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