July 29 ,2008 | Issue 63
 



> About This Issue

> Check Out Animal Biotechnology: The Movie

> SUCCESSion Planning

> The ‘Fall’ of Your Career

> Coming Up in the Next Issue


About This Issue

Options . . . life is all about the options that we have and the decisions we make based upon those options.  In this issue of The Animal Science Monitor, we explore the myriad of options that are available for retirement-age employees and the companies that are lucky enough to employ such people, those workers who possess both the knowledge and the experience to make a difference in a number of different ways.  Now that your options regarding this issue of The ASM have been revealed, we hope that you make the decision to apply its tips and suggestions to your own situation.  As always, thanks for being a loyal reader, and we hope that you’re enjoying your summer!

—Dan and Don


Check Out Animal Biotechnology: The Movie

The Animal Science Monitor would like to thank Alison Van Eenennaam, Ph.D., Cooperative Extension Specialist in the Department of Animal Science at the University of California, Davis.  Alison recently sent in a link for an animal science video clip.

Usually, our video clips are humorous.  However, this clip, titled Animal Biotechnology: The Movie, is designed to make you think rather than laugh.  Unfortunately, the field of animal biotechnology has received a “bad rap” in recent years, due in part to the controversy surrounding animal cloning.  Animal Biotechnology strives to put cloning and genetic engineering into the proper perspective within the field, while also focusing on specific biomedical and agricultural applications.  In addition, the movie includes interviews with leading academic and industry scientists.

In order to watch Animal Biotechnology, click here.  (Please note that your computer will need Windows Media Player 9 or better in order to view the movie.)

And like Alison, we’d like you to send us your favorite animal science video clips.  Send an email, with your link included, to matt@animalsciencemonitor.com, and your clip might be featured in a future issue of the newsletter.  If your clip is included, we’ll also publish your name as its contributor.




SUCCESSion Planning
(By Dan Simmons)

Here’s your case study for today… Nathan joined your team as a supervisor at the age of 32.  Over the past 30 years, he has been a steady contributor.  He’s now the number-two person in his group of 30 people.  Nathan has helped group leaders be successful as they’ve come and gone.  Every time he’s applied for the top job, he’s always been considered, but he usually ran second or third in the race.  He accepted these decisions graciously.  He helped the new leader get ramped up and encouraged the team to follow his/her leadership.  Nathan turned 62 today.  The group threw him a small party at lunch.  You think about the day Nathan will retire from this team.  Then it occurs to you that day could be today.

Retirement is a function of wealth/revenue streams and priorities/family concerns, not age, although age usually impacts the other factors.  Nathan has 30 years with your company and is 62.  He could retire on the company plan.  Nathan seems to manage his life well and probably manages his finances well.  He and his wife have been married since before he joined the company, and his children (and grandchildren) all live out of town.  Nathan could be sitting on quite a nest egg.  Nathan appears healthy and seems to enjoy his work as much as ever.  But do you know what he’s thinking?

You’re the big boss in this case study.  You’re responsible for Nathan’s group and four similar groups.  You pride yourself on being prepared.  What should you be considering at this point?  Below is my list.  Feel free to email yours to me; I’d like to compare notes.

  • Nathan has 30 years of corporate intelligence.  How can I begin a knowledge transfer so that if/when he decides to leave, he leaves the bulk of his information with us?
  • I should take Nathan to lunch and see if he has begun to think about his retirement. I should talk with him about any ideas he might have to help us transition when that day comes.
  • Who should Nathan be mentoring and which supervisors should he be working with (outside of direct reporting) to help them learn from his experience and to groom them to be better performers?

Extra credit

So you invite Nathan to lunch a few days after his birthday, and you’re about to begin this discussion when he says, “I’m glad you invited me, we need to talk.  My wife and I reached an important decision last weekend, and I think I want to retire at the end of the month.  I wanted to tell you before I went to Human Resources.  I have an appointment with them in the morning.”

Suddenly the sense of urgency on this matter reaches a critical level.  This is unexpected, and as your organization is lean, you don’t have a spare manager to put in this role without creating a vacancy somewhere.  What do you do?  Below is what comes to my mind.  Send me an email, and we’ll compare notes.

  • Determine why Nathan has decided to make this decision.  Is it a health issue for himself or a family member?  Is he unhappy with something at work?  Knowing the motivating factors will help to determine the possible outcomes.
  • See if you can persuade Nathan to stick around until a replacement is recruited and trained.  Consider a retention bonus of a month’s salary if he stays on 120 additional days and trains his replacement.
  • Ask if he would like to retire and come back as a part-time consultant for the next year or two to help transition, mentor, and mange through the busiest seasons.  Knowing his motivation will be important here.  If flexibility is one of his concerns, this could really be mutually beneficial.
  • Immediately put him into a mentoring role.  Meet with Nathan and his direct supervisor to create a plan.  There’s no sense having Nathan leave at the end of the month without draining his brain.

I’m not a retention expert.  I’m a recruiting expert, and I see clients in situations such as this more and more frequently.  This article is not meant to teach you how to deal with this as much as it’s designed to make you think about an issue that you’ll probably soon face.  If you have ideas or have had success with situations such as this one, I welcome your thoughts.  If you have a plan that you would like to share, there is a guest spot in this column for you.  Send your comments, thoughts, and ideas to dan@consearch.com.



The ‘Fall’ of Your Career
(By Don Hunter)

As summer speeds merrily along, we already find ourselves at the end of July.  Weren’t we just celebrating Memorial Day?  Pretty soon, fall will be here, and summer will be but a memory.

The same analogy might apply to you.  Are you entering the “fall” of your career?  Or, to put it more quantitatively, the last quarter of your career?  If so, then there are certain things to which you should be giving a serious amount of thought.

With change comes opportunity

Like everything else regarding the success of your career, planning is essential.  In fact, it might be even more essential when a person nears what is commonly called “retirement age.”  That’s because the rules have changed during the last several years, and as a result, the overall picture is a little more complicated than it used to be.  However, with change also comes opportunity, and you can seize that opportunity to enhance your career.

You can probably already guess the first change that’s occurred—not as many people are retiring when they reach retirement age.  There are a number of different reasons for this, and I’ve listed them below:

  • Retirement is ‘boring’— You can only play golf and tend to your garden for so long, and then you get . . . bored.  Believe it or not, some people return to the workforce after retirement (either part-time or full-time) for the fun, challenges, and camaraderie that employment brings.
  • Retirement is unaffordable— Some people simply can’t afford to retire.  As a result, they’ve postponed retirement indefinitely.
  • Healthcare is expensive—And let’s face it . . . it’s probably not going to become less expensive in the future.
  • Social Security is tenuous—Can Social Security be counted upon?  For how long?  Who among us is at risk for not receiving any benefits?  There are a lot of unknowns, which add uncertainty to an already unpredictable situation.

More options = more flexibility

So—now that we’ve looked at some of the reasons why the rules of retirement have changed, what are your options?  As I mentioned above, change can bring with it opportunity, and in this particular case, the opportunity that it brings involves more options for those who are nearing retirement age.  That’s good news, because the more options you have, the more flexibility you have, as well.  (And flexibility is something that always seems to be in short supply.)

Below is a list of the options currently available for those workers nearing retirement age:

  • Working full-time indefinitely.  (Surely the least appealing item on the list.)
  • Retiring for a year or two and then re-entering the workforce within the same field or industry.  That re-entry could be on either a full-time or a part-time basis.
  • Transitioning straight from a full-time job to a part-time position with the same company.  This could take the form of a contract or consulting position, one designed to draw upon the employee’s considerable knowledge of the company and the industry.
  • Transitioning from a full-time job to a part-time position within the same field, but with a different company.  Once again, this could involve a contract or consulting position.
  • Transitioning straight to a part-time job in a completely different field than the one in which the person spent the majority of their career.

Where do you want to go?

The concept of a “traditional” retirement is becoming more outdated.  In fact, it’s nearly the exception rather than the rule these days.  Much more prevalent are cases in which people choose a combination of work and play, which allows them to spend more time with family and friends while also using their considerable experience and finely honed skills.  They’re continuing to work, but there’s one major difference—they’re doing it on their own terms.

Career planning for people nearing retirement age is much the same as it is for the rest of the workforce.  The same rule applies: you have to know where you want to go before you can get there.  So conduct a little introspection and decide what you’d like to do and where you’d like to go.  Maybe that entails a full retirement, and maybe it doesn’t.  Regardless, you should have a vision for the future.  Then you can take the specific steps necessary to make that vision a reality.

If you have any questions about this topic, please send me an email at don@bayresourcegroup.com.  And if you’re currently engaged in a job search or are interested in advancing the scope of your career, be sure to send me your resume.  I’d be happy to discuss your career goals and ambitions, including ways in which I can help you to achieve them.  Any exchange of information, including resumes, will be kept in total confidence and handled in a discreet fashion.


Coming Up in the Next Issue . . .

Next month will be “Camelids Month” within the pages of The Animal Science Monitor.  But as intriguing as that may sound, we also have some other goodies lined up for the next issue of The ASM.  For instance, Dan and Don will reveal the ten things they’ve learned about enjoying a successful career, and we’ll also present a list of even more books that you should be reading this summer.  (Because before you know it, summer will be gone.)  And remember, you can send your internship information, as well as your video links and hot news links, to matt@animalsciencemonitor.com.

The next issue of The ASM is scheduled for publication on Tuesday, August 12.

 

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