Project Management Investigate

Why Talent Walks Out the Door

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Executive Summary

In the Civil Service, the standard retirement date is the end of the week following sixtieth birthday. Every Friday, therefore, hundreds now leave every Government Department, cheque in hand, regardless of whether they are ready for retirement or the organisation is ready to lose them. It is even more bizarre in Australia, where by some twisted logic of the pension rules, it is hugely disadvantageous to stay at work a day longer than the 54th year and 11 month anniversary of birth, if one happen to work in the public sector that is.

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