A Broad Range of Flexible Retirement Arrangements

A Phased Retirement Program

Emory University is one of the few employers that offers a phased retirement program. Here’s a breakdown of how its program works:

  • The phased retirement commitment must be for a defined duration, spanning a minimum of six months to a maximum of three years.
  • Throughout this period, you’ll adjust your work hours, reducing them by anywhere from 10% to 50%, while maintaining a minimum of 20 hours per week.
  • By participating, you agree to retire at the end of the specified time frame.
  • Your pay will be adjusted to reflect the reduced workload during phased retirement.

Source: Phased Retirement: What Does It Mean And How Does It Work? — https://www.thepennyhoarder.com/retirement/phased-retirement/

Sign me up (when I’m ready).

OK Boomer

The workplace is evolving, too, with businesses increasingly seeking the experience and wisdom of senior talent. Currently, 19% of adults 65 and older are employed, compared to 11% in 1987, according to Pew Research. Moreover, individuals aged 65 and older constitute the most rapidly expanding group within the labor force. By 2032, it’s expected that one in every four U.S. workers will be 55 or older, with nearly one in 10 being 65 or older, showcasing the growing presence of seniors in the workplace.

Boomers are defying age norms and you are losing out – https://www.fastcompany.com/91116274/boomers-are-defying-age-norms-and-you-are-losing-out

I am finally on the cutting edge of something.

Scary Charts – 08.19.23 (just a few loosely connected stories)

Every employee probably knows the difference between productive work and what a new report by software company Slack calls performative work – merely looking but not actually being busy. The data in the release shows that workers in some Asian countries – namely India, Japan and Singapore – seem to spend more time appearing to be working than employees in other places.

While Indians spent 43 percent of time in performative work, that number was 37 and 36 percent in Japan and Singapore, respectively. For comparison, U.S. respondents and those from Germany said they only appeared busy for 28 and 29 percent of the time. One outlier in Asia was South Korea, also with a low of 28 percent of work hours spent in “pretend mode”.

Who’s Only Looking Busy at Work? — https://www.statista.com/chart/30591/performative-productive-work/

And now we have a new productivity mantra…

Now that you’ve taken a break and worked on the root causes of your problem, it’s time to embrace a whole new mindset around work, money, and success. This is going to sound radical, but I want you to give yourself permission to achieve less.

The latest productivity mantra that we all need: ‘Achieve less’ — https://fortune.com/2023/08/16/latest-productivity-mantra-achieve-less-careers-mental-health-stress/

But The Boss may not agree with this new mantra…

While the debate over productivity in a remote office setting continues, one Australian woman is fighting back against her employer after being accused of not typing enough while working remotely.

Remote Employee Fired for ‘Low Keystroke Activity’ During Working Hours After 18 Years of Employment — https://www.entrepreneur.com/business-news/remote-worker-fired-for-low-keystroke-activity/457578

There’s a new description of the ideal job…

A lazy-girl job is any job that can be done from home within the standard 9-to-5 and has undemanding tasks and easygoing managers.. the jobs pay enough money ($60,000 to $80,000) for a young adult to live off but not feel pressure to work above their contracted hours.”

The term was coined in May 2023 by Gabrielle Judge, a 26-year-old career influencer. Judge told The Wall Street Journal that she was aware the word lazy would have a negative connotation, but she wanted to spark a conversation. “Lazy-girl jobs aren’t roles where you can slack off,” she said, “but career paths where your work-life balance should feel so awesome that you almost feel like you’re being lazy.”

Lazy-Girl Jobs Are Trending with Gen Z—Here’s How to Find One — https://www.rd.com/article/lazy-girl-jobs/

“Lazy-girl job” is one of the worse uses of the English language I’ve encountered because the use of the word “lazy” is bad. Really bad. The definition of any job done from home with undemanding tasks and easygoing managers is also bad. Really, really bad. A friend once told me the key to his success. With most jobs and careers the majority of us will be average performers (think bell curve). All you need to do to put yourself on the path to success is to be a little better than average. This lazy girl job thing is cultural acceptance of average or worse than average.

Working hard is not a guarantee of success. But not working hard is a guarantee of failure.

Just Another WFH Saturday

I’m actually not WFH (working from home) today but reading about WFH. And I learned some new things about the world today. One of my favorite tidbits of unsolicited advice comes in the form of this question:

Do you live to work or work to live?

As Gartner research shows, workers want a more “human value proposition,” with 65% of survey respondents agreeing that the pandemic made them rethink the role that work should have in their lives. For all of our talk for decades about work-life balance, people finally feel in their bones what that means. The big question has shifted from “How does life fit into work?” to “How does work fit into life?”

How to Motivate Employees When Their Priorities Have Changed — https://hbr.org/2023/05/how-to-motivate-employees-when-their-priorities-have-changed

Nice to see others coming around to my way of thinking. The strongest motivation I had to establishing a WFH life was to not have work dominate my entire life. Not once have I felt lonely working in my home office. But apparently some WFH people get lonely.

When I first made the switch to working remotely, I was elated. I had been commuting for years, which regularly constituted 12 or more hours stuck in traffic each week and resulted in incalculable levels of stress and frustration. When I began working from home, in addition to regaining my lost commuting hours, I loved my new ability to focus on my work without the distraction of an open-plan office environment.

However, as time progressed, I started to feel lonely. I was able to laser-focus on my work, but my interactions with others were driven solely by virtual meeting agendas or email. I noticed I was becoming less enthused and more withdrawn. I spent too much time scrolling social media because I was silently craving connection with others. I was slowly but steadily becoming isolated.

Is Your Remote Job Making You Lonely? — https://hbr.org/2023/05/is-your-remote-job-making-you-lonely

Maybe you should turn your camera on during meetings.

A recent survey of 4,200 work-from-home employees found that 49% report a positive impact from engagement when their cameras are on during online meetings, and only 10% felt disengagement from turning on cameras. As leaders are figuring out hybrid and remote work, they are facing the challenge of deciding whether to encourage employees to keep their cameras on during meetings. This decision has a significant impact on communication, engagement and trust-building within the team. I can attest to that from my experience helping 21 organizations transition to long-term hybrid work arrangements.

The Pros and Cons of ‘Cameras On’ During Virtual Meetings — https://www.entrepreneur.com/leadership/the-pros-and-cons-of-cameras-on-during-virtual-meetings/450959

Then again, there may be a good reason why people have their cameras off.

May 2022 study by the Federal Reserve Bank of Atlanta estimates that the number of working age Americans (25 to 54 years old) with substance use disorders has risen by 23% since pre-pandemic, to 27 million. A figure that’s about one in six of people who were employed around the time of the study. It’s caused a 9% to 26% drop in labor force participation that Karen Kopecky, one of the authors of the report, says continues today.Drug recovery firm Sierra Tucson concluded from a November 2021 survey that about 20% of US workers admitted to using recreational drugs while working remotely, and also to being under the influence during virtual meetings. Digital recovery clinic Quit Genius found in August 2022 that one in five believe that substance use has affected their work performance, also according to a survey.

Remote workers with substance use disorders face ‘rude awakening’ in return-to-office mandates — https://fortune.com/2023/05/13/remote-workers-substance-use-disorders-return-to-office-mandates/

OK, enough about WFH. Time to get back to thinking about retirement because (I am) Flunking Retirement.

Quote for Today – 09.22.22

Charlie Munger, the billionaire partner to Warren Buffett at Berkshire Hathaway, describes his friend’s day as 80 percent reading—often five hundred pages. Before he invests his client’s money in a company, Buffett puts the odds in his favor by reading everything he possibly can about the company itself and the broader industry. He is not always right, but he is always informed. We might imagine him flying around on private jets, wheeling and dealing, when in fact he is more likely sitting at his desk, reading everything from the great books to technical analysis.

Mr. Buffett’s reading habit provides a powerful lesson for all of us. But most Americans read almost nothing. A friend who teaches at a large public university thinks less than half of his incoming freshmen have ever read a single book in full.

Jeff Deist President of the Mises Institute. Five Keys to Professional and Personal Development accessed online 9/22/22 — https://mises.org/wire/five-keys-professional-and-personal-development

Some good advice, no matter what stage in life you find yourself. This talk was delivered on September 2, 2022, to a student workshop at the Ron Paul Institute conference in northern Virginia.

  1. Sift
  2. Read
  3. Learn Continuously
  4. Avoid Arguments
  5. Promote People, Not Just Ideas

Going Back to the Office? (You Can’t. Not now. Not Ever)

People with talent and high-value skills, like most technology workers, aren’t returning to traditional offices.

How to lure employees back to the office? You can’t. Not now. Not ever. — https://www.zdnet.com/article/they-really-arent-going-back-work-from-home-is-here-to-stay/

I started working from home in 2006. I love reading articles on topics I already know a lot about.

The future of knowledge work will be a hybrid. A small percentage (like myself) will WFH 100% of the time and an even smaller percentage will work in an office 100% of the time. Most will travel to their offices a few times a month and WFH the rest of the time.

I drove a 2006 Ford Taurus for nearly 15 years and didn’t pass 80,000 miles. (short commute)

My business casual attire consists of jeans and a tee shirt.

Coffee is cheaper and tastes a lot better than office coffee too.

“Everybody has a plan until they get punched in the mouth”

“Everybody has a plan until they get punched in the mouth.”

Mike Tyson

The drop in the volume of employment in a given sector always has a ripple effect in the national economy. The loss of so many high-paying jobs in a short time will be a dent in the coffers of Los Angeles County and for New York state in the short term. Michele Evermore, senior policy analyst for the Washington, D.C.-based National Employment Law Project, says it hits at a time when other industries are undergoing similar sweeping realignments with huge human toll.

“Nobody’s got a plan for how to transition these massive sectors of the workforce into a different thing,” Evermore says.

Hollywood Grapples With Mass Layoffs as the Biz Redefines Itself for Streaming Future — https://variety.com/2020/tv/news/hollywood-layoffs-streaming-future-1234838650/

I sat for a few minutes thinking about what to write next when Charlie Hunter popped into my head. Hunter titled one of his albums with the Tyson quote.

Which was then followed by some great advice from Charlie on his strategy for success and survival in the years to come.

Don’t wait until you get punched in the mouth to make your Plan B. And while you’re at it you might want to come up with a Plan C as well.