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Retiring Well: Myer and Rest join forces to support long- serving employees

Pre-retirement anxiety and its impact on the workforce

Retirement is seen as a major life milestone, but it can also bring uncertainty.

After decades in the workforce, employees nearing retirement can face anxiety around income security, lifestyle change, and navigating their superannuation. For employees, that uncertainty can lead to stress and disengagement. For employers, it can make workforce planning more complex, as well as affecting morale in the final years of someone’s career.

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Supporting the over 55+ Workforce

With 32% of Myer’s workforce aged 55 and over, the company recognised the impact of retirement uncertainty on their team’s wellbeing. The demands on retail workers can be significant, and for Myer, ensuring a smooth, well-supported transition for long-serving employees is a top priority.

Retiring Well at Myer Program

Myer and Rest joined forces to launch the Retiring Well at Myer program, a national initiative designed to help employees navigate the transition to retirement and life after work via a holistic approach to Retirement Planning.

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Mindset and wellbeing

Focusing on mental and physical wellness and leveraging content from Think Human’s valuable ‘Mindset for Life’ program - developed by Think Human Founder & Director, Melanie Lambert in partnership with the South Australian Government - Office for Ageing Well and TACSI (The Australian Centre for Social Innovation). Content focuses on the ‘stages of retirement’ and the benefits of adopting a growth mindset, how by designing your life around your wellbeing, using tiny habits to build awareness and encourage positive behavioural change, you can be more prepared for a successful transition.

Financial confidence

The financial component unpacks the transition to retirement process, using your superannuation to ‘slowdown’ in either a role sense or days per week, while easing the impact of what can feel like a significant income hit.

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Super beyond work

At Rest, we know that the journey towards retirement is about more than just the money. That's why we partner with Rest employers to deliver holistic education and retirement planning. Our planning helps:

  • Employees feel less stressed and more valued.
  • Enable you to plan for workforce changes.
  • Everyone feel more confident about the future.

Rest is trusted by around 310,0001 Australian business owners

"Our interaction with Rest has been a true partnership, characterised by thought­ leadership and innovation for the benefit of Craveable Brands' HQ and our franchised restaurant network, which employs 13,500 team members across Australia."

Kathryn Farnell, Chief People Officer

Red Rooster, Oporto, Chicken Treat and Chargrill Charlie's

Could partnering with Rest benefit your business?

Speak to a Rest business specialist today.

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1As at 8th November 2024