Local Business Leader Transition Research Finds that Businesses Could Lose Millions

Local Business Leader Transition Research Finds that Businesses Could Lose Millions

Saskatoon – The retirement exodus of about 3.3 million Canadian employees over the next decade will have an impact on business continuity, financial stability, and business growth.

Kathleen Ozmun and Marielle Gauthier, both experienced professional leadership coaches, conducted discovery research focusing on retiring and incoming leader transitions in Saskatoon.

“A change in leadership is a time of flux and change for everyone - the leader and the team,” says Marielle Gauthier, Redworks Communications and Coaching. “These transitions create potential risks at every level of the organization and profitability, productivity and positivity can be negatively affected.”

Is your business ready for the baby boomer leader retirements?

Canada is in one of the biggest demographic waves in the country’s history – the baby boomers have begun the transition into retirement.

How will the boomer retirements impact your business? What is at risk for your organization? Is your business ready for the leader transitions that will take place? What are the challenges that retiring and incoming leaders are facing with their transitions as they exit, enter or move into a leadership position?

Business Leader Transition Research Webinar

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My colleague, Kathleen Ozmun, and I are looking forward to releasing our findings from our Business Leader Transition research.

For more information and to register for the Webinar:

https://lnkd.in/gYCXeWp

La retraite: un plan pour votre noueau style de vie

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Un gros merci à la FAF de m'avoir inviter dans les communautées de Saskatoon, Prince Albert, Regina et Moose Jaw pour parler à propos la retraite.

Etes-vous prêts ?

Avez-vous un plan pour votre nouveau style de vie ?

Les ateliers ont une durée de 2 heures et vont se passer en français.

I am looking forward to speaking about retirement readiness in Prince Albert, Saskatoon, Moose Jaw and Regina. This 2-hour workshop will be conducted in French. If you would like this workshop in your community in English, please send me a message.

Why we struggle with the transition into a post-career life

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Your retirement years should give you the best opportunities to rekindle old passions and discover new ones. However, research has shown that almost half of the people entering into retirement struggle with transitioning into a post-career life.

Why is this!?

👉 Retirement is more than just finances
Although many pre-retirees are concerned about their finances, money isn't the only thing on their minds. The impact of the non-financial issues like emotional, psychological and social factors plays a big role in your successful retirement.
👉 Retirement is commonly an emotional time

Whether it’s missing the ‘comfort’ of a schedule, losing your identity or a sense of purpose, it’s common for people adjusting to retirement to experience a range of worries and fears.

What’s the solution? Plan ahead and manage your transition well. If you’re not sure where to start, sign up for my Power Up Your Retirement course! You’ll generate insights, gain clarity and create a game plan to discover your best path to a fulfilling retirement. Register now > https://www.powerupyourretirement.com/

What's your dream?

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Remember when you made wishes as a kid?! Imagine one wish could be granted to you for retirement. What would you wish for?

Perhaps you wish to deepen certain friendships, discover a new passion, spend more time with those you love, or travel to places you’ve never seen before. Perhaps you are opening yourself to personal growth at a depth you’ve never had the chance to dive into before.

Whatever your wish, know that you have what it takes and every step you take in the direction of your dreams gets you one step closer to realization.

What’s your dream? Leave it in the comments! 💙

5 Tips to Be Prepared for Retirement

Do you desire joy and a sense of purpose? Then the best thing you can do is prepare for the emotional and psychological impacts of your post-career life! Preparing for a purpose-filled retirement is not all about the money. 💸

Here are 5 tips for making your transition a smooth one:

✅ Start thinking about your retirement 1-5 years in advance.
If you’re going to be making big lifestyle changes like moving or travelling, your key to success is thinking it through well in advance.

The Lifelong Learning Plan allows RRSP withdrawals

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In light of the pandemic, has it given you time to pause and reflect about your career? Do you want to make a change in your career? Do you want to do something else?

The Lifelong Learning Plan (LLP) allows you to withdraw amounts from your registered retirement savings plan (RRSPs) to finance full-time training or education for you or your partner.

Speak to your Certified Financial Planner to find out if this is right for you.

Find out all about it here: www.canada.ca/…/rrsps-related-p…/lifelong-learning-plan.html

Have you considered semi-retirement?

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What’s often called a “bridge-job” is a part-time job that bridges the transition between a full-time career and retirement.

Having a bridge-job or being semi-retired can be a great way to ease into the transition of retirement, both emotionally and financially.

Would you consider working part-time as a transition into retirement? What could you imagine yourself doing? Comment below!

Resilience in times of uncertainty

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I think of myself as a pretty resilient person. For me, resiliency is my capacity to cope with life’s curve balls.

Well, with what we are all currently living through, we have been thrown a BIG curve ball. (OK the pitching machine has not been turned off... ⚾️⚾️⚾️️)

So, I am thinking about resilience. How are you managing the challenges, loss, and disappointments during these very trying times?

I thought it would be a great time to revisit an article I wrote last September about tips to help us be more resilient.
https://lnkd.in/ewsPJMt

Please let me know what you are doing to manage this big curve ball.

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