Spending years with an organization and seeing how employees have been treated certainly paints a picture for any employee when it comes their time to step up to the plate to retire.
In one sense they already know what’s coming but in another they know that change is inevitable because they’ve seen it happen over and over.
If for example every year you get a Christmas bonus at work of $1000 you come to expect that every year to pay for the holiday festivities but once it’s taken away or minimized some may feel less than the employee they were from the year or years before.
If you don’t explain to them the reasons why they may just feel you aren’t appreciating them as much as you did the year before even though that’s clearly not the case. In most instances it’s just a simple business decision based on budget and other reasons.
When someone works for any company and I don’t care who they are they MUST be recognized if they are doing a good job for the organization and even upon leaving during retirement.
Even if someone is doing less than a stellar job it’s important to focus on the positives that the employee brings but also ways to improve the areas in which they need to improve on. No one likes to be told when they are doing something wrong all of the time.
That is a big problem for many companies because they forget to recognize their employees for work well done and only talk to them when they are not keeping up to speed with-in their role or there is a need for reprimand.
That in itself is not motivational for any employees because who wants to come to work everyday when the leaders don’t know how to properly motivate and lead a team to do the best possible job.
I’m sure there will be many leaders who read this and say “I motivate my team” but do you motivate individuals as well? The point is no matter where you land on the pay scale we all like to be recognized for a job well done.
It doesn’t have to be from a monetary stand point either, just a simple pat on the back, hand shake and push in the right direction with a smile. Many bosses who forget to smile forget about their employees.
If you haven’t watched the show Undercover Boss before I encourage you to do so because those bosses are true leaders not only for the organization they own or run but to the employees who think they are forgotten.
Retirement farewell party
When retirement time comes for many long-standing employees they, like anyone else want to be recognized. They may not want the big fancy party like Toronto Transit Commission (TTC) employee who posted a video on You Tube under the name Ron Mitchell who was disgruntled after he got nothing and I mean nothing.
There was no good-bye retirement farewell party, no handshake, no thanks for coming out and spending 31 years with us, zilch. In my opinion, that is harsh although the TTC said it was over the holidays and it got missed which should never have happened but the reality is, it did and it will continue to happen all over the world.
Some people say he was whining in his video because he had a “cash for life job” but they are failing to see that this was not about money. This was about pride, dedication and building a relationship with an organization, its people and the customers over many years.
I guess it depends on the person and how they value themselves as an employee and whether they liked their job or only stayed because there were no other jobs and couldn’t wait to get out the doors to retire nor give a rats if anyone says, good-bye.
Walking out the doors of an organization you dedicated your life to is a big deal to many people especially when they bond with the company. You didn’t just work for them you felt a sense of ownership over the years even though you don’t own the company. You’ve seen it all, done it all and know there is more to come but you won’t be around to see it.
The TTC has since reached the retired employee who tossed his work gear in the bin on the way out on his last day to make things right. I felt that the TTC did the right thing and to at least acknowledge someone who has given the time and dedication to an organization is imperative.
Like I mention at the beginning of the this post ideals are formed in our heads as we see what happens with other employees over the years. Unless you like a high turnover which most companies do not due to the high cost it’s important to take care of your employees and vice versa from an employee standpoint. Make sure they have a voice and listen to them whilst recognizing the work they do even if it is in the form of “job well done”.
Everyone values recognition differently so what one person feels is important another may find it’s not so relevant to them even a goodbye during your last day before retirement.
Do I expect to get a retirement farewell party when I leave my company?
To be honest, no I don’t but I haven’t seen anyone retire yet so I don’t know what the protocol is for my organization. In my mind, when I walk out those doors for the last time a handshake, good luck, thank-you for your years of service is good enough for me.
If I’ve planned my retirement properly I certainly won’t be thinking about what I was doing at work all those years even though I would have been dedicated to my role. I’ll be soaking it up with a drink in hand somewhere hot on a beach far, far away or roaming the streets visiting countries around the world.
In all seriousness, no one likes to feel less than perfect, left out or that they meant nothing to someone or to an organization because we are all human and we have feelings. Dedicating your life’s work to an organization should count for something, if even a pat on the back and ‘thanks for coming out’ rather than a ‘don’t let the door hit you on the way out’.
If you are a boss be a leader at the same time you’ll be surprised at how much further ahead you might get with those that help you run the company.
Do you expect to get a retirement farewell party at your organization?
Canadian Budget Binder this week
If you missed any of my posts from the week here is the list of posts you can catch up on reading!
- What type of bank should you stash your cash in?
- Prepare your budget for the renovation money monster
- The grocery game challenge Jan 13-19, 2014 #3:Supermarket abouse that costs money
- How to stop the debt explosion before it stops you
- Creamy Chicken Pot Pie
- Could you chop your budget and live off of the grid? PF Friday grab a brew #55
CBB at home and the blog
Not too much going on here at home although I’m in week two of my new job and all seems to be going well. I’m really hoping this turns into something that will transition me from my current career to a life-long career with this new organization.
Looks like the time has come to start the renovations so picking up materials is on the top of the list in the coming weeks. I really want to get a move on with the bathroom renovation upstairs and then the flooring on the main level.
Other than that, life has been like most others spent hibernating indoors or visiting friends at their houses for dinner parties and drinks.
Fan deals and inspirations
Submit your Brag or Inspiration If you have a brag that you want me to share email me at canadianbudgetbinder (@) [yahoo] [.ca] or fill out my contact form by Friday each week to have your brag considered for the Saturday post.
This week Nicola shares the deals she found after the Christmas holidays with all of us. This is the best time to purchase things you need for the upcoming holiday season but at a fraction of the price.
- Candle holder wreath was $10ea x2 paid $.24c ea
- Lindor Chocolates was $4.99ea x3 paid $.94c ea
- Crackers big box was $10 paid $.24c
- Crackers small box was $8 paid $.24c
- Cadbury box chocolates was $4.99 paid $.94c
- Febreeze candle x2 was $1.97ea paid $.97 had coupon so free!
- Xmas wrapping paper was $2 paid $.24c
- Total = $63.90
- I paid = $4.96
Making a difference
Making a difference is a part of this post where I share a personal finance blog that I interact with daily and has made a difference in my life. I have asked the blogger to introduce themselves, their blog and how they want to make a difference with their blog for the fans and for themselves.
Today, I bring you my friend Brian who blogs over at LUKE1428, “Hope for your financial life and beyond”.
“For most of my adult life I thought I had no money related issues and was doing things the right way. Looking back now, I was a spend-a-holic who was abusing credit cards and going into debt each month. My wife and I spent more than we were making and this caused considerable tension each month when the bills came due.
In 2009, my worldview about my money health changed when I read the book Financial Peace Revisited by Dave Ramsey. I went on to teach his Financial Peace University class at my church.
This started the change in my personal financial life but it was a spiritual conviction I felt shortly thereafter that kicked my change into overdrive. I became convinced through my faith that I was not being a wise steward of the resources God had given me. It was through that re-commitment that I found the discipline to control my spending habits.
I started Luke1428 in July of 2012 to write about my passion for personal finance. My strengths as a writer are in making people think, offering hope to the discouraged and motivating people to make lasting change. I believe anyone can succeed as long as they develop a winning plan and stick to it with intense focus and discipline.”
Blog post sharing
I really appreciate when other blog owners recognize my hard work at Canadian Budget Binder and share my posts with their fans or even mention my blog on their blog or website. Here are the blogs that did just that this past week, so please head over and check them out.
If I’m missing you it’s because I didn’t get a ping back so please send me an email and I’ll add you next Saturday. I don’t know why I’m not getting all the pings but lately they’ve been coming in but from months past, odd?
What is a blog carnival?
Some fans have asked me just what is a blog carnival so a little explanation is due here for anyone reading for the first time or for my long-time fans. A blog carnival is where a blog or website hosts what we call a carnival of blog posts from around the web. Most blog carnivals have a theme and certain rules for submitting which must be followed.
If you are a blogger and would like to learn what blog carnival directories I submit to each week you can find the information in a previous Saturday Weekend Review post that I wrote.
A big thanks to these pages for accepting my blog posts and sharing them in the following carnivals…
- Aspiring Blogger
- Lifestyle Carnival
- Financial Carnival for Young Adults -Fearless Dollar
- Lifestyle Carnival– Fearless Men
- Carnival of Retirement- Tie The Money Knot
- Carnival of Financial Planning– Debt Round Up
Google search terms
Every week I get thousands of people visit Canadian Budget Binder because they did a search online and found my blog. Here are a few of my favorite searches that may have even brought you here and you’re reading this, right now.
- How much Wonder Bread do Canadians buy?– Yup you’ll find that stat on my blog… not!
- What’s the final markdown code at Walmart?– Ya, we all want to know!
- My wife lied about $100,000 of debt, how do I handle this?– Yikes…. I’d hate to be this person. (sounds like a good blog post to me though… hmmm)
- How much explosive can you have at one time in Canada?– OH man… why my blog.
- Hide money in a TFSA before divorce– Shhh I won’t tell
- Why do bran flakes make me hungry?– I dunno, maybe because they initiate a good clear-out and you’re hungry again.. lol
That’s all for this weeks edition of The Saturday Weekend Review #55-Do you expect to get a retirement farewell party?
Have a great week and catch me here again next Saturday with more updates.
Are You New To Canadian Budget Binder?
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- The Saturday Weekend Review #47: How two children share their views about rip-off prices for used toys
- The Saturday Weekend Review #48: How your name can affect your salary
- The Saturday Weekend Review #49: Managing the kids Christmas list
- The Saturday Weekend Review #50: Should rich kids get off easy in the legal system?
- The Saturday Weekend Review #51: Extreme couponing 16-year-old and the holidays
- The Saturday Weekend Review #52: Should pricing errors be honoured?
- The Saturday Weekend Review #53: Do you know your household debt ratio?
- The Saturday Weekend Review #54: What to do in the winter that won’t break the bank.
Photo Credit: hyena reality/freedigitalphotos.net