The document discusses challenges facing HR practitioners in retirement planning. It notes that few HR practitioners become CEOs or truly understand strategic HR issues. Many retire dependent on work or family, while few achieve financial independence. The document advocates for HR training programs to focus on business contributions and strategic HR to develop more CEOs. It also stresses the importance of retirement planning and having a mix of individual, employer, and government savings to ensure financial security in retirement.

1. Trends & Opportunities
THE LIFE OF AN HR PERSON AFTER
EMPLOYMENT

2. HR Practitioners can’t
Calculate ROI of training programs
Strategic readiness of their organization
Prepare for their own retirement let alone for others
Speak and articulate their contribution to the top and bottom line of the
business
Talk productivity let alone incorporating it into collective bargaining
Manage Strategy Execution

3. The
Status
Quo
What seems to
always happen
What is
currently
obtaining
The reality on the
ground
The ideal What it should be

4. Few HR
practitioners
become CEOs
Current HR
practitioners do
not truly
understand HR
HR
Practitioners
do not have an
appreciation of
contemporary
HR Issues
Lack of
appreciation of
strategic HRM
linked to
Business Value
Addition

6. Many retirees are depending or forced to work for their living.
Are still
dependent
54%
Have died
36%
Are still working
5%
Are independent
4% Are wealthy
1%

7. People are the primary source of competitive
advantage but…
High performing
organizations leverage
on people but typical
HRMs do not.
IPMZ diploma has
become “everyone’s
qualification”
HR practitioners have
no impact on macro-
economic/government
platforms

8. Default to
consultancy and fail
1%
Start non-HR
consultancy
businesses and fail
1%
Suffering and still
looking for jobs
70%
Either die
prematually or are
terminally sick
28%

9. What are your retirement plans as an HR
Practitioner?
Real Estate
(11%)
Land acquisition
Building
properties
Construction
services
Consultancy
(37%)
Arbitration
training
HR
Labour officer
Events
management
(12%)
Décor
Catering
Cake making
Flower
arrangements
Lecturing
(24%)
Ownership of
private colleges
Part time
lecturing
Farming
(16%)
Cattle ranching
Bee keeping
Poultry projects
Ploughing

10. What are you doing to realise those plans?
0% 5% 10% 15% 20%
Build up inventory
Savings through joining of life/retirement…
Nothing due to unavailability of funds
Greater number of financial dependents
Lack of incentives from the employer
Suppression from current commitments
Opening/registering companies
Studing towards earning PHDs
Procurement of farms
Nothing because of poor health
10%
20%
13%
5%
3%
2%
11%
19%
4%
13%

11. 0% 5% 10% 15% 20% 25% 30%
Events management
Lecturing
Farming
HR Consultancy (Training & Arbitration)
Retailing (Restaurants, beer halls, butchery,
bakery)
5%
25%
25%
29%
16%

12. ASPECTS WHICH BARE
EMPLOYEES FROM MAKING
RETIREMENT SAVINGS
Lack of sufficient
knowledge on
retirement savings
Poor remuneration
Suppression from
current commitments
Economic instability
rendering them
susceptible to high
risk
Lack of incentives
from the employer
Greater number of
financial dependents
High income tax
rates absorbing a
significant portion of
their income
Unattractive interest
rates offered by
banks and other
financial institutions

13. To do What is will yield
IPMZ to review training curricular to
improve training to focus on contributing
to business success and the practice of
Strategic HRM
This will develop more HR practitioners to
become CEOs, MDs, Directors, Board
members, etc…
Entrepreneurial Acumen • More Entrepreneurs
• Well prepared for retirement
• Develop viable organizations &
institutions
Appreciation of execution as a skill People with international linkages (Joint
ventures, partnerships, shareholding)

14. Retirement is the period of life when you are no longer working
• When its unplanned and involuntary
• When the wage or salary is the only means of income
• When one’s home life is unhappy and work provided an escape
• When there is pre-existing bad health.
According to a Harvard study, it is worrying under
the following circumstances

15. Everyone has to retire at some point from their working lives.
One should have a plan of how you will live your life to the fullest.
We must save systematically to enjoy our retired life.
Research shows that most working people do not plan their savings towards
retirement needs.

16. A financially secure retirement requires more than understanding the importance of planning.
It needs the RIGHT RETIREMENT PLAN made up of:-
The Right ingredients The right amounts
Given the right amount
of time to grow

17. Three Basic Ingredients
Government sponsored
programs (-/+20%)
Employer sponsored
programs (+/- 40%)
Individual sponsored
programs (+/- 40%)

18. How much money will you need after retirement?
• According to experts, you will need between 70% & 90% of your current income, adjusted
for inflation to live confortably after ritirement

19. 20 - 30 year olds
Debt for house
Debt first time
goods
Debt for car
Emergency fund
Retirement saving
Day to day life
30 to 40 year olds
Debt for house
Debt first time goods
Debt for car
Emergency fund
Retirement saving
Day to day life
40 to 50 year olds
Debt for house
Other debt
Debt for car
Emergency fund
Retirement saving
Day to day life
Other investments
50 to 60 year olds
Debt for house
Other debt
Debt for car
Emergency fund
Retirement saving
Day to day life
Other investments
THE RIVER OF LIFE

20. 1. Paying off a house completely!
• IDEAL: in less than 20 years, and before you are 55.
2. Start saving toward retirement!
• IDEAL: by 25 years of age.
3.Having an amount equal to four-times your annual salary saved safely for
retirement!
• IDEAL: by 40.
4. Having an amount equal to six-times your
annual salary saved safely for retirement!
• IDEAL: by 50.

21. 5. Having an amount equal to, or more than, ten-times your
annual salary saved safely for retirement!
• IDEAL: by retirement i.e. 60/65.
6. Have an separate Emergency Fund equal to six-times your
monthly salary!
• IDEAL: by 35.
7. Being Debt-free?!
• IDEAL: as early as possible but certainly by 55.

23. SCAN the QR code below to download this
presentation
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presentation
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