Work in the Era of no Retirement

 Brought to my attention from the HBR.   Do we or should we want this?

Getting the Best Out of the Five-Generation Workforce

A 6-part series.

Work in the Era of No Retirement.   Longevity is an opportunity for companies — but only if they can overcome ageism.   by Susan Wilner Golden

Read More

Changing Nature of Retirement

Correspondent Steve King of Small Business Labs on the Changing Nature of Retirement.   Its a topic their blog has covered many times,  especially with relation to key resource and knowledge retention.   We struggled with it for years, and still do.  AI was seen as a major solution, but ineffective at the time.   Will it be ready?  Some good new points are made.

Rethinking Training

Good piece in the HBR,   this needs to be done much better than it is.   With emphasis on retaining key knowledge.

Rethinking Training
Willy C. Shih, Howard Rudnick, Coleen Tapen

“When I graduated, I was 56. I was surprised that there were people who were not worried about my age and who believed I was still a valuable member of the workforce. You start to worry when you get close to retirement whether anybody wants to hire you…I was made to feel valued there regardless of what my age was or where I came from. It gave me back my self-confidence after losing my job.” —Darlene Mickelson

"... The conventional wisdom on retraining older workers is they are too old or set in their ways to learn new things and update their skills. We don’t agree. We think this is a narrow view that overlooks the significant value these people can bring to the economy. As a recent report from the White House Council of Economic Advisers suggests, investment in skill development in the United States is largely “front-loaded” during the first 25 years of life, after which public contributions to formal education are substantially smaller. Yet we live in a time when both demographics and the very nature of work are undergoing a dramatic shift. Rapid technological change, automation, globalization, and offshoring all serve to shrink industries and spawn new ones at what feels like an ever-quickening pace. The booming job market and the evolving nature of work are altering the skills American employers need in their employees, and we believe that reskilling should play a vital role in meeting these needs. We should not ignore the tremendous value that older workers can bring. And with life-spans increasing across the globe, many people need or want to continue to work to help fund their eventual retirement or just to stay active.      ... " 

Rise of the Financial Robo Advisor

Much interested in the dynamics of how systems will dynamically and perceptively give advice.   In this blog have called them 'Assistants'.    How will they disrupt in giving financial advice?

The Rise of the Robo-advisor: How Fintech Is Disrupting Retirement  In Knowledge@Wharton

Artificial intelligence is changing the world of retirement planning. By using improved datasets and algorithms to efficiently deliver solutions tailored to people’s needs, AI can help them save, invest and retire better. One of the hottest trends to emerge in this area in recent years is the use of robo-advisors. These are software programs that use the data supplied by clients to create and automatically manage their investment portfolios. They’re gaining in popularity, but are they better than human advisors?

“Robo-advisors are a potential solution to the complexities of financial decision-making,” particularly in retirement planning, said Jill E. Fisch, law professor at the University of Pennsylvania. “But at the same time, there’s a lot we don’t know about robo-advisors — exactly how they work and how effective a solution they’re going to be.” She and other experts from Wharton and elsewhere spoke at a conference hosted by the Pension Research Council titled “The Disruptive Impact of FinTech on Retirement Systems.”   ... "