Q: I just turned 58 and even though I enjoy my job and I’m well respected by my colleagues and the company where I work, I’m planning to retire in a couple of years. I have prepared financially and I have interests and dreams to pursue in my “second act”. But, I’m afraid if I mention retirement to management they’ll stop giving me the good assignments and I’ll instead be marginalized as a short-timer. How doI let them know my plans without jeopardizing my status as a high performer?
A: You’re right. There’s some risk that if you’re transparent about your early retirement plans, the company may pass you over for the best assignments and professional development. I call it the lame duck factor, and it’s understandable because many companies assume (sometimes correctly) that the pre-retiree (you) no longer has their heart in the game and won’t be as focused, productive or committed to the long-term well-being of the company. So if you want to continue being a key player, your goal is to counteract those assumptions directly. Here’s how:
Let them know with plenty of time. This way, the company can engage in thoughtful succession planning. This shows you’re willing to risk being sidelined because you care about the long-term health of the company. Kudos.
Offer to leave a legacy by mentoring a successor or younger staff over the next two years. You’re surely brimming with wisdom and valuable information that’s not written down anywhere and –unless it’s transferred to someone– will walk out the door with you. Kudos again.
Be flexible about departure timing. Don’t fixate on a certain date (my 60th birthday!). If the company needs you to stay on a little longer or leave a little sooner, try to be accommodating. Extra kudos.
Consider transitioning out. For instance, instead of completely retiring in two years, you could reduce your hours and then gradually phase out.
Offer to stay available for consultation as needed. Some retirees want to walk away and close the door behind for good. But, offering to stay engaged signals your continued investment in the company.
Who is a lame duck now? I doubt you are.
©Copyright Eva Del Rio
