13.10.2022

Retirement and Long Service - Why to Invest in a Parting

Retirement and Long Service - Why to Invest in a…

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Most businesses invest time and emotion in saying ‘thank you’ to employees who have come to the point of retirement after many years of service. The need to acknowledge the parting is as much social as it is practical, signalling a change in both personal, and professional, relationships.

I work with one organisation that takes this further, by investing in coaching for those who are retiring after long-service. This is both an opportunity to acknowledge the person and, in the organisation's view, makes good business sense.

There are typically three stages to our retirement coaching process, which is why I generally contract for three coaching sessions over the 3-4 months leading up to the date of retirement. They focus around:

Session 1: Leaving Well

Session 2: Creating a Framework

Session 3: Moving Beyond

This is clearly an impactful process for the retiree, but what is the benefit for the business? There are many and here are just a few examples:

  • Relationships continue – a parting no longer means a full stop to professional relationships. Many people in retirement remain active in networks and economic activity and some relationships are maintained. They are the business’s alumni and ambassadors; their role will change but their vitality will not be diminished.
  • The practical process – some people just don’t know how to leave well and the emotion about facing such a significant change in identity can blur the importance of tying up loose ends fully and effecting a seamless transfer. Doing this well for the business is an over-riding sense of responsibility for my clients; they want to do their best work.
  • The emotional process – this can be tough for the person leaving and those staying; an awkwardness in what to say. If the retiree has more of a sense of agency over their own narrative and leaving process, they can smooth that process, making their last few months of employment more effective for themselves, their colleagues, and the business.
  • Wisdom sharing – a retiree can feel their contribution is usurped by the talented people they have probably recruited or developed from within. There can be an assumption that they have all the knowledge that is needed, and the retiree has nothing else to contribute. But this is a big assumption and untrue; what about wisdom - sharing?
  • Efficiency and value – the modest investment in coaching support that enables a loyal and committed employee to manage a seamless transfer of work to colleagues, is far outweighed by the cost of time spent in staff trying to work out where information was held, how the retiree dealt with problems and relationships, and its unseen business cost.

If this resonates with you and you would like to find out more about the retirement coaching process, then do get in touch. I would love to talk with you.

  • business continuity
  • People Engagement
  • termination of employment
  • retirement counselling
  • People and Culture

I am an ICF associate certified coach, providing individualised coaching support to leaders, business owners, and employees at all stages of their careers and lives. I also work with associate…

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