I live in essentially a retirement community in North Carolina. I retired 20 years ago, but there are a fairly large number of new retirees in the 55 to 65 age group. Talking to some of them who have maintained a consulting position with their old companies they almost universally had negotiated a contract with their old companies. These contracts have been for higher salaries than when they were working and some specified fringe benefits such as medical coverage.
Their rate will be higher. When I had people try thus, we said, Thanks but no thanks.
Worked for a place that took that tack and ended up having to beg the guy to come back 6 months later. When they did finally agree to new terms and he came back on a 2 day a week basis, it was a very adversarial relationship that did not last long.
The best advise I give to people at work and take myself, is everyone is replaceable and don't overestimate how important you are. If you think you're going to ask for double to consult compared to what you made before, prepare for a reality check.
steeeeeriiikke! somebody found their fastball....lol.
They should go with this approach...
Remember when CBD recited indispensable man?
Really? De Gaulle of them!
Unmitigated too!
I know he's still dead.
This is why corporate culture has no place in governing people. I’ve seen this first hand, and watched as the “expendable” person gets constantly called back for guidance. The company was lucky that the guy just liked to do the work and face the challenges. He also had a better job, at better pay, faster than he was replaced… which never really happened because he was truly irreplaceable, doing the work of 2-3 people, 24x7x365.
If the employee plans to collect Social Security and isn't at full retirement age, there will be a limit to what can be earned without a penalty.
As is Generalissimo Franco or so I’ve heard.
They also will have to pick up both sides of Social Security and Medicare.
