Retirement Management®: Retaining the Energy and Expertise of Experienced Employees
William C. Byham, Ph.D.
70: The New 50SM is about Retirement Management®”an answer to the challenge of the impending baby boomer exodus from the workplace. For years, organizations have been concerned about succession management and retention management, but few have tried to encourage select retirement-age employees to stay longer. Most companies viewed such a practice as a waste of time because of the strong economic incentive to retire provided by conventional defined benefit plans.