Human capital experts have warned that agencies could lose many of their career executives either this year or the next, as many top leaders may see the upcoming presidential transition as the right time to plan their long-awaited retirements.
“My sense is, in just talking to career execs, that either before, during or after transition, now is the time,” Sanders, former chief human capital officer at the Office of the Director of National Intelligence, told the Federal Drive with Tom Temin. “They’re not willing to commit another two, three or four years to a new administration, regardless of who wins. So I think we’re looking at a fairly —substantial turnover both at the political level and at the career level.”
Most agencies have largely avoided the long-predicted and heavily publicized “retirement tsunami,” but more and more federal employees are eligible for retirement.
The numbers are more startling for Senior Executive Service members. About 35 percent of career SES are eligible to retire now, and more than 53 percent will be eligible within the next three years. Most of the SES — 85 percent — will be retirement eligible within the next decade, according to the Partnership for Public Service.
How will the change in administration impact your retirement planning? Do you plan to leave within the next year? Or do you continue to see a future for yourself in the federal government?
And if you don’t see the transition having an impact on your retirement planning, tell us what factors will affect your decision to leave.
Please take a few minutes to share your thoughts and fill out this survey. We will publish the results in the coming weeks. All answers are anonymous.