This Giving Tuesday, make a down payment on a better future for our parents, grandparents—and all of us. We all age and expect to face retirement one day. Your action today can help turn uncertain longevity into the healthier and more sustainable journeys we seek and deserve.'This Giving Tuesday, make a down payment on a better future for our parents, grandparents—and all of us. Your action today can help turn uncertain longevity into the healthier and more sustainable journeys we seek and deserve.'Click To Tweet
Action today can have a powerful impact on our collective future
Respectful Exits came into being to take immediate and long-term steps to change the outdated practice of sudden and premature dismissal of employees solely for the “sin” of aging while working.
On this year’s Giving Tuesday you can invest in a powerful first step in stopping this practice. For decades a growing number of aging workers have expressed their desire to “work longer and ease into retirement”, yet only 5% of employers offer those options as formal programs. Respectful Exits is building ThePhazer™, a toolkit based on proven techniques that employees can use to propose to their employers—and potentially get—the ability to work longer and phase into retirement. Pioneering individuals taking concrete action can help close this decades-long gap.
How the Respectful Exits campaign benefits our economy and society
Our long-term campaign to change the ways employers behave will yield broad positive impacts. Here are four reasons why you should support Respectful Exits and ThePhazer™ campaign, whatever your stage of aging.
Respectful Exits is an Investment in Your Future.
Investing in Respectful Exits means investing in the future of our aging workforce. This, in turn, is an investment in your own future. As a member of the inevitably aging cohort you will be changing the way you are valued over your career – and thus be better able to work as long as you want, or need to. As Respectful Exits Founder and CEO, Paul Rupert stated in a recent blog post, “We believe that by acting together we can transform the way aging employees work and retire. We are in the business of insuring continued work and the income and other rewards that come with it.”
Respectful Exits is an Investment in Your Company.
A diverse and expert workforce is a more productive workforce. And true diversity of age does not mean a lopsided focus on millennials. Aging workers embody a set of work habits, expertise, hard-won knowledge and steadiness that add great value to a company’s multi-generational workforce. As generations expert Ryan Jenkins highlights in Inc., “Achieving cognitive diversity through a multigenerational team enables workers to ask better questions, be more effective, and deliver improved experiences for employees and customers of all ages.” Jenkins adds, “A generationally diverse workforce is better equipped to respond to today’s high-flux and disruption-prone marketplace.”
Respectful Exits is an Investment in the Economy.
The baby boomer cohort has embodied the consumer society. Our economy relies on their spending power. Visa reports that baby boomers dominate consumer spending in the U.S.: “Consumers over 50 now account for more than half of all U.S. spending. They are also responsible for more spending growth over the past decade than any other generation, including the coveted millennials.” But they can’t spend what they don’t have. The longer they are able to work in regular jobs that pay well, the more they can contribute to economic growth.
Respectful Exits is an Investment in Society.
50% of workers age 50-64 have less than $14,000 in savings–and that needs to last them 20-plus years in retirement. The Wall Street Journal warns, “The retirement shortfall portends a drain on public resources, especially if seniors reduce taxable spending and officials decide to cover costs for older Americans who can’t make ends meet.” The longer people stay in the workforce, the less they will need to draw on public safety nets, and the more they can continue to contribute to the larger community.
Working together, we can transform the way aging employees work and retire. Your Giving Tuesday donation will be a powerful down payment on ThePhazer™ and our long-term campaign to ensure a better future for the American workforce.