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Retirees as Mentors: Fostering Knowledge Transfer and Employee Development

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Vinay Rawat
Retirees as Mentors: Fostering Knowledge Transfer and Employee Development

The period after retirement is often perceived as a bane and a curse by most individuals. Many of them don’t anticipate its commencement and have not pre-planned the activities that they wish to pursue during their retirement period. There are many individuals who wish to derive meaning and experience throughout their lives and wish to continue pursuing work, either as mentors or advisors for organizations. 


With their ability to engage and adapt to different working environments and get involved with different generations of employees, they can truly be an asset to these organizations. Several recruiting organizations and firms are realizing this and changing their hiring strategy by engaging in revolutionary ideas to hire retirees under the roles of advisors and mentors. 


These advisors are hired across different domains of experience such as electronics, information systems as well as costing and finances. We, at WisdomCircle, primarily aim to connect the relevant professionals who have taken retirement from their permanent jobs and are willing to provide advice as experts in various industrial spheres. Let us look closely at the various advisor roles that we have for retired professionals. 


Advisor Roles for Retired Professionals 


The role of an advisor in any given domain or discipline requires immense patience as well as good managerial and leadership qualities, in order to engage and deal with individuals of different mentalities and experiences. 


There are several industries that are looking to hire professionals who possess the relevant advisory skills and are able to commit to them as mentors and advisors for a stipulated period of time. Let us closely analyze the nature of work involved in each advisor role that is offered by different industries and organizations on our platform.


  1. Advisor, Electronics: 

The given advisory role primarily involves advising employees in the different departments such as the Research and Development Head, Head of Operations, Project Head and so on. 


The necessary experience that organizations seek from applicants is that of holding a strong background in Industrial Electronics, Consumer Electronics or the Automobile Industry. There are several skills required and responsibilities to be performed by the retired professionals who are hired in the given role. These include:


  • Cost optimization processes for electronic controllers.
  • Identifying potential gaps and limitations in infrastructure facilities for design verification and validation and an innate ability to propose new facilities.
  • Developing and conceptualizing in-house competencies in operating IoT as well as digital platforms. 
  • Propose and advise on technology roadmaps
  • Collaborating with different organizations and developing new research techniques.
  • Rigorous analysis of field operations and devising preventive or corrective actions for unfortunate incidents.
  • Monitoring processes and tools to boost overall productivity.


  1. Advisor, Information Systems: 

As an advisor in information systems in an organization, there are some complex responsibilities that need to be performed by an individual. These responsibilities include the following:


  • Create an IT roadmap for the organization that reflects “how it is today” and “how it should look in the future” and include traditional IT and digital technology. It should also include a detailed and rigorously comprehensive overview of the nuances as well as software requirements of different individual business units. 
  • Devise the roadmap outlining the specific requirements of the project including hardware, software, security operations, technology-related operations, data sharing, data analysis and interpretation as well as data privacy. The inclusion of a thorough assessment of the associated risks, mitigation plan as well as implementation strategy and resource allocation. 
  • The roadmap should also include a clear justification of the concerned project and outline the specific benefits and advantages and its impact on the organization.


  1. Advisor, Costing and Finance: 

Several organizations have initiated the process to hire retirees as advisors of costing and finance in the building materials industry. It is an industry-specific role and requires deep analysis and observational skills apart from knowledge related to finances and accounting. The primary responsibilities that are provided to experts in the given role include:


  • Assistance in monthly budget proposition for various projects
  • Streamlining costing for products and assessing overall profitability based on budget controls.
  • Provide advice regarding existing costing modules, and budgetary controls as well as maintaining the overall coordination amongst all employees.


Conclusion

The revolutionary decision to hire retired professionals as advisors and mentors is truly transforming the landscape of the employment market and is also breaking the stigma of not hiring retired professionals for a certain position, considering their age and the stereotypes that come along with it. 


By offering interesting advisor roles in industries such as building materials, infrastructure, and social service institutions as well as in NGOs, we at WisdomCircle, aim to foster deep knowledge to necessary organizations that are primarily aiming to redesign their working methods and incorporate expert advice in their project. Come and make a difference in potential institutions with your expertise and golden words of advice! 



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Vinay Rawat
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