Many employees do not realize that planning for retirement should commence right from the first day of assuming the duty. Consequently, by the time they recognize the importance of adequate preparation for such eventuality, it may be too late and they might just be out of gainful employment already. Organizational career management system exists to develop programmes that match the skills of individual employees with the demands of Human Resources Staffing and Training from the point of recruitment to retirement. The working career of personnel may be defined by a continuum of entry and exit or recruitment and retirement. Disengagement like other forms of severance from work may be organizational or individual, voluntary or involuntary, early or at full completion of the retirement age in the company’s employment contract.
The transition from full-time employment to retirement can pose many social, domestic and financial problems for those affected. Unless these are recognized and approached positively, the prospects of an active and happy retirement soon begin to fade.
This workshop, therefore, is designed to adequately equip and prepare employees to appreciate that retirement is one of the changes and challenges that is inevitable in working life and to prepare them psychologically to face the imminent challenge.
The course shows that retiring from corporate employment needs not become a calamity. It also introduces participants to post-retirement Entrepreneurship, and they are taken through an orientation of “entrepreneurial personality” which, rather than being affected by a propensity for risk taking, will, among other things, focus success on one thing – “opportunity focused.” They will learn several entrepreneurial logic and make them to dig deep into ideas underlying a product or service they may think of producing, prepare the ideas, get started, and keep it going with commitment.
Learning Outcomes
Participants will be able to:
- Appreciate that life after a long paid employment is a new beginning that offers opportunities to enhance the achievement of life ambition.
- Understand the components of the economic / business environment and adopt a practical approach to assessing their capabilities for entrepreneurial activities.
- Examine critically why entrepreneurs fail and others succeed, with a view to overcoming start-up problems/pitfalls in business formation.
- Select and develop ideas that will lead to the establishment of viable projects.
- Appreciate the need for planning their finances for the long, short and medium term.
- Develop both short and long-term plans for their disengagement from paid employment.
- Examine the realities and challenges of retirement and develop a positive attitude towards retirement.
- Develop alternatives and options of what to do with their resources after retirement.
- Overcome the fears and uncertainties, which often overwhelm employees immediately after retirement.
- Maintain a healthy and gainful life post-retirement.
Course Module
- Perspective on Retirement
- Preparation for Dis-Engagement from Paid Employment
- Personal Effectiveness
- Finance Vs Lifestyle
- Planning for a Fulfilling Retirement – Issues, Problems and Fears
- Nature and Challenges of Retirement
- Personal Financial Planning
- Business Ideas and Investment Opportunities
- Relationship Management and Networking
- Entrepreneurship
- Courage to Take the Leap
- Traits of Highly Successful Retirees
- How to choose an entrepreneurial endeavour to pursue
- Nurturing a business for profitability
- The Discipline of Business Success
- Legal Requirements
- Emotional and Mind-set Management
- Employment Continuity and Professional Enhancement
- Health and Safety Living in Retirement (e.g. Stress Management)
- Assuring Family Peace and Harmony
Who Should Attend
All employees who plan to retire.
Training Delivery Techniques
For learning to be more impactful and effective, we adopt a seamless combination of Lectures, Group Discussions, Case Studies, Individual/Group Exercises, Videos and Role Play. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and this will aid attendees to apply the knowledge gained both at work and personally.
