Ticon UK Ltd

Home Home Features Grey haired exodus?
Grey haired exodus?

It seems likely that the Government's new pay freeze and their 1% pay increase will be sufficient to drive significant numbers of public sector workers into early retirement. Workers with final salary pension schemes don't need to do much maths to work out that extra years of work won't increase their pensions, so why not opt for early retirement? With extensive pressure on public sector budgets, it seems reasonable to encourage early retirement for some staff. But what effect will this have?

The danger is that Departments and Councils will lose some valuable staff to early redundancy. This may work well for organisations that have invested in their leadership programmes, and have genuinely talented staff ready to take over the reins and run departments. Those organisations that don't have the staff ready to step into the breach could find that they need to replace their skills and expertise with interim managers or consultants.

We have seen many examples of managers taking early retirement, only to return to their place of work on a contract basis. Could we see this practice return with a vengeance?

 

Our services

Project office & programme management
Our servicesTicon have an excellent track record of managing large scale awareness and change programmes for public sector organisations. We have worked on four nationwide projects for Central Government departments as well as regional programmes.
Read more...