1. The
New
Retirement
Story
in
Paris
(9)
By
Peter
de
Kuster
End
of
the
Work/Retire
Ultimatum.
The
Paris
Fashion
Week.
Yves
Saint
Laurent,
Coco
Chanel,
Karl
Lagerfeld.
Valentino.
The
babyboomer
generation
was
followed
by
a
birth
dearth
that
is
going
to
place
an
even
higher
premium
on
senior
working
skills
for
the
next
20
years.
Talent
shortages
may
become
a
fact
of
life.
Valentino
retired
at
‘78’.
Still
active
though
with
a
movie
and
other
business
plans

2. By
the
year
2020
there
will
be
fewer
people
aged
35
to
54
than
we
have
today.
The
law
of
supply
and
demand
may
be
moving
to
the
side
of
the
‘talent’
for
many
years
to
come.
What
this
spells
for
the
individuals
looking
forward
to
working
retirement
years
is
the
ability
to
write
their
own
ticket
in
terms
of
job
flexibility
and
responsibilities.
Your
workplace
will
need
you
experience,
and
it
will
grow
increasingly
willing
to
let
you
work
on
your
terms.
Karl
Lagerfeld
is
not
thinking
about
retirement.
On
the
contrary
As
stated
earlier,
two
things
must
change
to
extend
our
working
lives;
those
things
are
our
story
and
the
story
of
our
corporations.
Having
read
this
far
in
the
travel
guide
of
Paris
I
hope
you
are
convinced
that
work
will
always
be
an
integral,
even
if
reduced,
part
of
your
life.
Our
corporations
are
beginning
to
see
that
they
will
need
to
change
their
attitude
and
culture
toward
an
aging
workforce
if
they
hope
to
compete
in
the
next
decades.
Companies
that
do
not
begin
to
respond
to
the
new
age
working
realities
are
in
for
a
rude
wake-­‐up
call.
The
models
of
hiring,
developing,
and
retiring
employees
that
have
worked
in
the
past
will
backfire
if
used
in
the
next
decade.

3. Two
simple
facts
point
to
this
looming
employer
crisis.
First,
the
baby
boom
generation,
the
largest
segment
of
the
workforce
is
aging
fast.
Second,
the
shortage
of
young
talent
is
growing
more
accute
with
each
passing
day.
These
unstoppable
demographic
trends
will
have
very
profound
implications
for
how
companies
manage
their
people.
These
trends
will
force
companies
to:
Yves
Saint
Laurent
retired
only
for
health
reasons.
• Rethink
how
they
attract
and
retain
people.
• Change
how
they
motivate
and
reward
their
help.
• Work
out
how
an
aging
workforce
will
affect
innovation
and
productivity.

4.
Coco
Chanel
never
retired.
The
companies
that
begin
to
adress
these
demographic
realities
and
begin
catering
to
the
valuable,
but
aging
employee
will
thrive
in
the
coming
years
as
they
attract
the
best
talent
available.
Employers
are
beginning
to
feel
the
first
tremors
of
a
talent
shortage
that
will
reach
“workquake”
proportions
within
the
next
20
years.