Will You Still Need Me, Will You Still Feed Me, When I m Sixty Four?

Transcription

1 Will You Still Need Me, Will You Still Feed Me, When I m Sixty Four? Session A3: May 24, 2017 Jane Platt, Sr Stock Administrator/Paralegal, Array BioPharma Inc. Jen Tardif, VP Core Mkt, Sr. Relationship Mgr, Solium 10:15 11:30 a.m. James White, Sr. Manager, Retirement and Equity Plan Services, Raymond James Financial

2 CPE Credits Continuing Professional Education (CPE) Credits are available! You will receive one (1) CPE credit after attending this session. You must attend the entire session to be eligible. In order to earn the available credit(s) for this session, you must see the room monitor before and after the session to get checked-in and out of the session. Electronic certificates will be ed to you a few weeks after the conference with the cumulative number of credits earned Solium is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Web site:

3 Agenda Introductions Let s have a little fun polls The why statistics Share the wealth discussion Ideas

4 When I'm Sixty-Four - The Beatles When I get older losing my hair, Many years from now. Will you still be sending me a Valentine Birthday greetings bottle of wine If I'd been out till quarter to three Would you lock the door, Will you still need me, will you still feed me, When I'm sixty-four

5 Polling Question What s the age of your oldest family member still working? 40 or younger

6 Polling Question What s the age of the oldest employee at your company? 40 or younger

7 Older Workers Growing in Population Source year

8 Older Workers Growing in Employment Rates Source year

9 Older Workers More of the Workforce

10 Older Workers Fitting with the Workplace Culture

11 Food for Thought

12 Workers What Do They Care About? Working Conditions Ergonomics, industrial hygiene and safety Employee Health Healthy lifestyles, functional capacity Professional Skills Job-related knowledge and competence Psychosocial Factors Work arrangements and flexibility Social support and culture

13 Polling Question Do you have retirement provisions in rank and file employee grants? Yes No

14 Polling Question Do you have retirement provisions in officer or director grants? Yes No

15 Discussion What retirement provisions do you offer? Age Service Proration How do retirement provisions differ between employee levels? Rank and file Middle management Officers and directors

16 Food for Thought

17 Polling Question SHRM Survey 40% of respondents in a survey by the Society for Human Resource Management ( SHRM ) of 1,900 HR professionals indicated the increasing age of their workforce has not prompted changes in retention, recruiting, or general management policies. Have you made any changes based on the increasing age of your workforce? Yes No

18 Food for Thought

19 Polling Question SHRM Survey 61% of the survey respondents indicated they had tried to capitalize on the experience of older workers in their companies recruitment and retention strategies. Has your company adjusted any strategies to appeal to older workers? Yes No

20 Ideas If you could change one thing about your company benefits (including equity compensation), what would it be?

21 Ideas Keep a sense of humor Empathize Consider Single Sign On (SSO) Communicate well and often Be available set up office hours Be an advocate (influence plan design where you can)

22 Food for Thought

23 Polling Question SHRM Survey 66% of the survey respondents reported that their organization employed older workers who retired from other organizations or careers before joining their organization. Do you have any workers who have come out of retirement to join your company? Yes No

24 Food for Thought Ben: I'm Ben Whittaker. I've got an appointment with Miss Ostin. Becky: I thought she was meeting with her new intern. Ben: That's me. Becky: How old are you? Ben: 70, you? Becky: I'm 24. I know I look older. It's the job. It ages you, which won't be great in your case... Sorry.

25 Polling Question At what age do you hope to retire? (Realistically) Now! Never

26 Parting Thoughts

27 Questions?

28 Additional Resources Need more? Online Learning Shareworks Certification Shareworks Workshops Convenient and completely selfdirected, our online lessons provide you with industry context and the how-to in Shareworks. Shareworks Certification is a great way to quantify your knowledge, develop key technical skills and prove yourself invaluable to your company s administration team. Roll-up your sleeves and join us all year round, either in person or online, for hands-on workshops on a variety of Shareworks topics. Visit solium.com/education

29 Contact Us Jane Platt Sr. Stock Administrator/Paralegal Array BioPharma Inc. James White Senior Manager, Retirement and Equity Plan Services Raymond James Financial Jen Tardif Vice President Core Market, Senior Relationship Manager Solium