Texas Department Of Criminal Justice’s Post

Great to see the value of apprentice roles in the Pensions sector.

We hope you had an enjoyable Valentine’s Day and wishing you a wonderful Family Day. As a friendly note, our offices will be closed this Monday, February 19th. Here is another edition of our Weekend Read. Article 1 – RRSP Contribution Deadline for 2023 Tax Year And Other Planning Facts A friendly reminder that RRSP contributions for the 2023 tax year are due by February 29, 2024. https://lnkd.in/eugq_xvi Article 2 – Sony and Michael Jackson Deal Sony Music Group is understood to have paid at least $600M for half of Michael Jackson's catalogue. https://lnkd.in/egmv3zhu Article 3 – BYD, China’s Electric Vehicle Automaker, Plans Mexico Factory Top Chinese electric vehicle maker BYD is considering setting up a plant in Mexico. https://lnkd.in/e47_8ugB Article 4 – Skilled Trades Apprenticeship Registrations The number of people registering for apprenticeships has now bounced back and is at its highest level since 2014. https://lnkd.in/ewdfUaJm Article 5 – United Kingdom (U.K.) Economy Fell Into Recession in 2023 Britain’s economy fell into a recession in the second half of 2023. https://lnkd.in/eWzrr7uW

Our latest research has found that the majority of workers over 50 are now considering retiring early. For almost 3 million of them in the UK and US, it's because they can’t keep up with the skills demanded in the modern workplace. This is bad news for all of us: it means decades of experience lost from businesses, it hits productivity, and it forces individuals out of their careers before they're ready to retire. But there is a better way: employees over 50 want opportunities to train, develop and learn new skills and through codified programs like apprenticeships, employers can create those opportunities. Download our report - the #GreatUnretirement - to learn more: https://lnkd.in/eM74GE6h

Retirement planning can be especially challenging for those who have spent their careers closely tied to their profession and academic institution. At Fidelity, we understand the decision to retire is a social, psychological, and emotional decision in addition to ensuring you are financial prepared. Join us on January 30 as we hear from Dr. Michelle Pannor Silver on how to carefully plan for later career transitions that can honor lifelong commitment to work.

A friend of mine once told me "You need to do an apprenticeship in retirement" meaning you need to slowly ease into it. Retirement can be a shock after decades of building a retirement balance, because you will be faced with the decision of how you will spend your superannuation. That sounds like a good problem to have after a lifetime of hard work, but you need to give serious consideration to what you can afford. Read the article below! 👇 https://lnkd.in/gmD9uxqR

Wow. This is quite a shock. But more importantly the big issue her is that birth rates are dropping, meaning less people to enter the workforce. As a country we already have a huge skills shortage and unless companies start putting more efforts into training from the ground up, through apprenticeships etc then 10 years from now we are going to be in serious difficulties. You have to look at this situation two ways: 1) Employees are going to have to stay on for longer, if possible. But at a cost to companies. 2) Many people also have private pensions which will mature way before state pension age. Are companies actually factoring their employees ages when resource planning for 5 -10 years down the line? If not you need to. e.g: If you have an engineering department of 50 employees and the average age is 40-45 then the likelihood is you are going to have an empty, or near empty department in 15 - 20 years time. Knowing the available talent coming through the ranks is shrinking how are you stemming this? https://lnkd.in/eiRp3fwF

🍽️ Lunchtime Learning: Embracing New Chapters Heading off to lunch today to meet a friend who’s recently retired from a stellar marketing career. 🏆 Incredibly talented, she’s an agency casualty, who moved clientside before setting up her own consultancy. A key takeaway that adland, by its own shortcomings missed out on great minds. Our conversation always lead to profound discussions on careers and life in general and, if I’m lucky, some sage advice on marketing my own business. It’s a reminder that every encounter is insightful, an opportunity to learn and grow. #friendship #CareerTransitions #marketingrecruitment #retirement

Retirement planning can be especially challenging for those who have spent their careers closely tied to their profession and academic institution. At Fidelity, we understand the decision to retire is a social, psychological, and emotional decision in addition to ensuring you are financial prepared. Join us on January 30 as we hear from Dr. Michelle Pannor Silver on how to carefully plan for later career transitions that can honor lifelong commitment to work.

Retirement planning can be especially challenging for those who have spent their careers closely tied to their profession and academic institution. At Fidelity, we understand the decision to retire is a social, psychological, and emotional decision in addition to ensuring you are financial prepared. Join us on January 30 as we hear from Dr. Michelle Pannor Silver on how to carefully plan for later career transitions that can honor lifelong commitment to work.

We are pleased to see Liz Kendall, Secretary of State for Work and Pensions, announcing measures closely aligning to our manifesto asks for employability. Yesterday, Liz Kendall MP proposed the implementation of a ‘youth guarantee’ for everyone aged 18-21, which will see more opportunities for training, an apprenticeship, or help to find work offered to all in this age category. Furthermore, merging the National Careers Service and the JobCentre Plus, as well as new work, health and skills plans for the "economically inactive" (people who are not looking for work or available to work) will allow for a more streamlined network of employability support across all sectors of society. Victoria Head (Strategic Director of Employability and Skills at Catch22), responding to the announcement, says: "It's so important to equip children and young people with the skills to ensure they're 'job ready' - and that means starting early, in schools. Combining the National Careers Service and Job Centre Plus is certainly a step in the right direction in helping young people know what careers are out there, and making sure they have the right support to help them get there." In addition, revolutionising the JobCentre Plus to increase support for the economically inactive and support people into careers as opposed to ‘any job’ will ensure sustained development in employability." Read more about our manifesto asks: https://lnkd.in/dHA6evUC