Canada is in one of the biggest demographic waves in the country’s history - the baby boomers are retiring. This generation has been transitioning into retirement since 2011. The last cohort of baby boomers will turn 65 in 2030.
Statistics Canada projects that annual baby boomer retirements will reach 285,000 over the next five years, with 3.3 million Canadian boomers leaving the workforce.
As this aging workforce approaches the end of their careers, organizations are increasingly challenged to support them through this major life transition. How can organizations support their pre-retirees to remain engaged and productive so they continue to positively impact the organization’s business results?
Research has shown that almost half of people entering into retirement struggle with difficulty transitioning into a post-career life.
Struggling with preparing themselves psychologically, as well as financially, this increased level of stress and anxiety is bound to have a negative impact in their current work role.
IMPACTS
Impacts on the workforce as well as costs to the organization are considerable and may include:
a decrease in level of engagement
a decrease in productivity and performance
an increase in sick time and absenteeism
an increase in workplace conflicts
a decrease in the ability of attaining business results
ISSUES
Employees may not be fully engaged because they are more focused on their upcoming transition to retirement due to:
fears
uncertainty about their future
not feeling valued by the organization
resistance to change and
a decline in the quality of workplace relationships.
SOLUTION
It doesn’t have to be this way.
Industry Insight
“As older workers delay retirement or leave the workforce unexpectedly, organizations must design experiences that support purposeful transitions — balancing financial security with emotional and social well-being.”
–Mercer, 2023 Global Talent Trends Report
“Canada’s banking sector is facing a demographic shift, with a growing portion of the workforce nearing retirement. Ensuring knowledge continuity and smooth leadership transitions is a top priority for the industry.”
–Canadian Bankers Association, Workforce Trends Summary
“Banks need to build a talent strategy that includes retention of older workers, succession for critical roles, and flexible pathways to retirement.”
–PricewaterhouseCoopers LLP Canada. (2020). Workforce of the future: The competing forces shaping 2025.
Offering non-financial retirement readiness workshops:
Protects client relationships by keeping experienced employees engaged and productive through their final years of service
Supports succession planning and smoother knowledge transfer
Strengthens employee morale and loyalty during a sensitive life and career stage
Demonstrates the organization’s commitment to employee well-being across the full career life cycle — a key driver of employer brand and retention
By proactively addressing the human side of retirement, organizations can reduce risk, enhance culture, and support both their people and their business priorities.
Half-Day Workshop:
Non-Financial Planning for a Fulfilling Retirement
Help Your Employees Prepare for Life Beyond Work
Canada’s Banks Face an Aging Workforce - Why This Matters to Your Organization
With rising retirements across the Canadian banking sector, proactive retirement transition support is a smart strategy.
A non-financial retirement readiness workshop helps your organization:
Keep experienced staff engaged through final career stages
Support smoother exits and knowledge transfer
Strengthen morale, loyalty, and retention
Demonstrate a culture of care and long-term planning
About the Workshop
As an HR leader, you play a pivotal role in supporting employees throughout their career journey — including the critical transition into retirement. While retirement may seem distant to some, many of your employees are approaching a major life shift — and it’s not just about finances.
Supporting employees in planning their post-career lifestyle helps them feel valued and excited about the future, reducing quiet quitting and disengagement while boosting morale and loyalty across the organization.
The “Are You Psychologically Ready to Retire?” workshop guides participants to reflect on what truly matters post-career — including fears and concerns, level of satisfaction with key life areas; vision for their ideal retired life; and first action steps toward a fulfilling next chapter.
Workshop Focus Areas
In this interactive half-day session, participants will:
explore their retirement readiness beyond finances
identify their fears, concerns and worries
develop a personalized wheel of life assessment or
take an introspective look at their current reality to identify areas they want to make changes in before they retire
gain clarity around their ideal retired life
develop their personal retirement vision
identify first steps to build a meaningful post-career life.
Why Organizations Partner with Me
As a leadership and personal coach with firsthand experience approaching retirement, I understand the unique challenges employees face beyond financial planning. I bring over 15 years of executive and personal coaching experience helping individuals and organizations thrive through transitions
I specialize in helping individuals prepare for life post-career with clarity, confidence and purpose. My non-financial retirement workshops and coaching programs are grounded in neuroscience, behaviour change and adult learning principles — and are always customizable to reflect the industry and workforce.
By partnering with me, HR leaders can offer a comprehensive program that supports employees in navigating this significant life transition — ultimately leading to increased morale, sustained engagement, and a smoother organizational succession process.
Who is this for?
This workshop explores what truly matters — current life satisfaction, vision, and lifestyle — the keys to a fulfilling post-career life.
The workshop is ideal for employees who are:
1–2 years from retirement who are actively or not actively preparing to transition
3–5 years away and beginning to think seriously about life beyond work
Partner with me to help your employees step into retirement with clarity and purpose — and leave a lasting, positive legacy within your organization.
BENEFITS
By supporting your workforce to psychologically prepare and plan for their retirement, employees will experience:
increased engagement and renewed energy
improved retention and sustained productivity
greater clarity and confidence during the transition
reduced anxiety and uncertainty and
higher overall satisfaction and well-being
Together, these outcomes foster a healthier workplace culture and contribute to stronger business performance.
Interested?
For more information or to book a workshop, please fill out the form below.
If you have individuals who would benefit from the ability to increase their productivity and quality of work while psychologically preparing for their transition to retirement please contact me at (306) 370-6284 or email me at marielle@redworkscoaching.com. I welcome the opportunity to speak with you.
In the meantime, please click here for information on my ‘Most Common Fears About Retirement’ masterclass webinar.
Regards,
Marielle Gauthier
Results Certified Coach, ACC, Positive Intelligence Coach®, Conversational Intelligence Coach™,
ABC Executive and personal coaching