Retirement
In the absence of any statutory default retirement age, employers and employees are often left wondering how to address this potentially sensitive topic. Employers, in particular, want to ensure that they are protected against any potential allegations of age discrimination being raised.
Both employers and employees can often underestimate the effect of retirement on both the organisation and the individual and the planning that is involved.
The potentially adverse impact on staff morale and skill gaps created during the retirement process also need to be identified and addressed so as to ensure that all parties are comfortable with the transition.
HRx can help with the administration and management of employees embarking on retirement.