Your SlideShare is downloading. ×
The New Retirement Story in Paris (9)
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

The New Retirement Story in Paris (9)

144
views

Published on

Published in: Business, Economy & Finance

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
144
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. The  New  Retirement  Story  in  Paris    (9)  By  Peter  de  Kuster        End  of  the  Work/Retire  Ultimatum.  The  Paris  Fashion  Week.  Yves  Saint  Laurent,  Coco  Chanel,    Karl  Lagerfeld.  Valentino.      The  babyboomer  generation  was  followed  by  a  birth  dearth  that  is  going  to  place  an    even  higher  premium  on  senior  working  skills  for  the  next  20  years.  Talent  shortages  may  become  a  fact  of  life.        Valentino  retired  at  ‘78’.  Still  active  though  with  a  movie  and  other  business  plans    
  • 2. By  the  year  2020  there  will  be  fewer  people  aged  35  to  54  than  we  have  today.  The  law  of  supply  and  demand  may  be  moving  to  the  side  of  the  ‘talent’  for  many  years  to  come.  What  this  spells  for  the  individuals  looking  forward  to  working  retirement  years  is  the  ability  to  write  their  own  ticket  in  terms  of  job  flexibility  and  responsibilities.  Your  workplace  will  need  you  experience,  and  it  will  grow  increasingly  willing  to  let  you  work  on  your  terms.            Karl  Lagerfeld  is  not  thinking  about  retirement.      On  the  contrary    As  stated  earlier,  two  things  must  change  to  extend  our  working  lives;  those  things  are  our  story  and  the  story  of  our  corporations.  Having  read  this  far  in  the  travel  guide  of  Paris  I  hope  you  are  convinced  that  work  will  always  be  an  integral,  even  if  reduced,  part  of  your  life.  Our  corporations  are  beginning  to  see  that  they  will  need  to  change  their  attitude  and  culture  toward  an  aging  workforce  if  they  hope  to  compete  in  the  next  decades.    Companies  that  do  not  begin  to  respond  to  the  new  age  working  realities  are  in  for  a  rude  wake-­‐up  call.  The  models  of  hiring,  developing,  and  retiring  employees  that  have  worked  in  the  past  will  backfire  if  used  in  the  next  decade.  
  • 3. Two  simple  facts  point  to  this  looming  employer  crisis.  First,  the  baby  boom  generation,  the  largest  segment  of  the  workforce  is  aging  fast.  Second,  the  shortage  of  young  talent  is  growing  more  accute  with  each  passing  day.  These  unstoppable  demographic  trends  will  have  very  profound  implications  for  how  companies  manage  their  people.  These  trends  will  force  companies  to:            Yves  Saint  Laurent  retired  only  for  health  reasons.         • Rethink  how  they  attract  and  retain    people.       • Change  how  they  motivate  and  reward  their  help.     • Work  out  how  an  aging  workforce  will  affect  innovation  and   productivity.    
  • 4.    Coco  Chanel  never  retired.      The  companies  that  begin  to  adress  these  demographic  realities  and  begin  catering  to  the  valuable,  but  aging  employee  will  thrive  in  the  coming  years  as  they  attract  the  best  talent  available.  Employers  are  beginning  to  feel  the  first  tremors  of  a  talent  shortage  that  will  reach  “workquake”  proportions  within  the  next  20  years.              

×