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Dhananjay "Jay" Parkhe -Startpreneur/C-Suite Mentor

Random Phrases, Creativity, My Day !

  1. Like Father Like Son Meaning: Resembling one’s parents in terms of appearance or behavior.  Yes. The receding hairline on my forehead and rear part of head do make me resemble like my father but he was dark brown, I am pale brown in skin – may be because my mom was fair skinned. 
  2. Back To the Drawing Board Meaning: Starting over again on a new design from a previously failed attempt. To work on the three goals Speaking, Writing, Learning is he only focus. No more mentoring. No more Freebies or free advice to anyone.  
  3. Playing For Keeps Meaning: Said when things are about to get serious.  The feedback slips which many of Toastmasters handed me after my icebreaker speech really make me believe that “It all starts with a speech”.  I am enjoying my Udemy speech and body language lessons and practicing to make videos to self correct as far as possible. 
  4. A Piece of Cake Meaning: A task that is simple to accomplish.  I thought making and watching my own video of speech would be easy – It is scary. I find my voice and face manners unacceptable to myself.  
  5. Give a Man a Fish Meaning: It’s better to teach a person how to do something than to do that something for them.  I facilitate many mentees with Equipments as gifts for improving their skills, helping them practice and books to further augment their sharpening of skills.  I truly believe in this phrase. 
  6. Not the Sharpest Tool in the Shed Meaning: Someone who isn’t witty or sharp, but rather, they are ignorant, unintelligent, or senseless. I sometimes behave this way. My friend read my article and said Mirthful – I had to look up Google and then I realised it is pronounced MOUTHFUL and is associated with fun and my friend was actually pr  aising me. What a dimwit I am but I learnt new word. 
  7. Fight Fire With Fire Meaning: To retaliate with an attack that is similar to the attack used against you. I am a challenger, and I am not under any attack so I think this is a good phrase but not relevant to me and hope it never comes true. 
  8. Love Birds Meaning: A pair of people who have a shared love for each other.  The number of poems I read on WordPress gives me a sincerely a heart break feeling that we have more lovelorn love lost poets here than love birtds. Would be interesting to know if love birds share poetry with social media?
  9. Drawing a Blank Meaning: Failing to recall a memory. Unable to remember something. That’s usually happening with me especially with names, things. Forgetting to wear a watch, taking keys while going out – small things. Some medication is helping or perhaps not. 
  10. Fish Out Of Water Meaning: Someone being in a situation that they are unfamiliar or unsuited for. That is the sinking feeling I used to get dealing with TAble topics at Toastmasters. Slowiy my fish is finding water and depth 🙂 . 
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These countries are gaining the most by employing older workers | World Economic Forum

via These countries are gaining the most by employing older workers | World Economic Forum

 

These countries are gaining the most by employing older workers

Residents perform a traditional dance as part of a morning exercise in a park in Qingdao, Shandong province July 6, 2008. Qingdao, famous for its local beer and beaches will host the Sailing competitions of the Beijing 2008 Olympic Games as its still facing a huge algae bloom at the city's offshore waters just over a month before the beginning of the games.  REUTERS/Nir Elias (CHINA) (BEIJING OLYMPICS 2008 PREVIEW) - RTX7OWK

Hiring more seniors and retirees could be worth $3.5 trillion to OECD economies.
Image: REUTERS/Nir Elias
Explore context
Workforce and Employment
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Businesses around the world are chasing the grey dollar, but older people can contribute more to an economy than how they choose to spend their retirement funds.

Humans are living longer, which puts additional strain on healthcare provision, social care and pensions. And unless these issues are addressed, they could wreak havoc on economies in the future.

The thinking goes that by harnessing the potential of older workers, governments can raise additional tax revenues and increase spending power, which in turn boosts output.

Golden Age Index 2018

The economic prospects of older workers across 35 OECD countries.
Image: PwC

PricewaterhouseCooper’s Golden Age Index assesses the impact of older workers on different aspects of a country’s labour market, including employment, earnings, the gender gap and participation in training.

In the latest update of its report, PwC estimates that as much as $3.5 trillion could be added to the OECD economies overall by encouraging people nearing retirement age to stay longer in the workforce. This figure represents the potential long-term boost of raising workforce participation rates of over-55s to the same level as New Zealand.

At a national level, if New Zealand’s performance on employment of older workers were matched, the GDP boost could be as high as 23% for Greece, 20% for Belgium and 9% for the UK. Here’s that in dollars:

Image: PwC/OECD

The older worker participation podium

Iceland topped the 2018 index with 84% of the 55-64 age range employed, compared with the OECD average of 60%. New Zealand was second (78%) and Israel (66.8%) took the final podium step. At the other end of the scale were Luxembourg with 40% of the same age group employed, Greece with 37% and Turkey with 34%.

Overall, the index showed an upward trend in the number of older people remaining in work across member states.

Ups and downs over time

Germany, Israel and New Zealand proved the biggest climbers, rising steadily up the index since 2003. Despite dropping a few places, the UK continued to make gains over the same period, absorbing 63% of the 55-64 age group (up from 55% in 2003) into the labour force and 21% of 65-69 year olds (up from 13%).

Mexico, Greece and Turkey suffered the biggest falls as each country dropped over 10 places down the index.

Incentives to keep working

So, what motivates people to work past retirement age? The answer is a mix of public policy and personal circumstances. The Golden Age Index identified three main drivers that influenced this decision.

Pension policies: The more governments spend on pensions the less incentive people have to keep working. The amount they receive and the age that workers are eligible to receive a pension also influence the decision to retire.

A 2012 study by Hurd, Mitchaud and Rohwedder found that public pensions have a negative effect on people’s savings and encourage them to retire early. The study concluded that a $10,000 increase in public pension worth reduces the average retirement age by roughly one month.

Life expectancy: Longer lives equate to more time spent working and there is a strong link between good health and participation in the workforce. Government healthcare policies and medical breakthroughs can facilitate people working to an older age.

Caring responsibilities: A person’s personal and financial situation are also important considerations. Caring for a spouse or a dependent could remove people’s freedom to keep working, if state care and benefits are not available. This will obviously differ from country to country.

However, taking things easy might be contagious. A husband or wife’s retirement could become an incentive for their partner to retire, too. A paper by Patrick Hesselius suggests that average sickness absence from work increases for women when their spouse retires.

Adapting to change

Technology is transforming the way we work. Innovation, automation and AI developments create new jobs and make existing roles obsolete. The workforce of tomorrow will need to be flexible enough to pick up new skills quickly or transfer the ones they already have.

Adapting to a future with less job security may prove challenging for older workers, who are more likely to face the consequences of automation than their better-educated and better-trained younger colleagues.

The top spots on the Golden Age Index are occupied by countries that have put policy measures in place and reformed their labour markets to target older workers.

The report recommends raising the retirement age to keep people in the workforce longer. However, to maximize the benefits of this policy governments need to support workers with lifetime learning and retraining programmes, to facilitate the skills needed for longer careers.

Making work options and pensions more flexible also supports the changing needs of older workers, by increasing opportunities for part-time or temporary jobs, as well as offering partial retirement options.

The physical needs of older employees is another important consideration. As well as adapting roles, employers can redesign factories and offices buildings to attract older workers.

The Golden Age Index figure of a $3.5 trillion boost to the OECD economy may still be some way off, but if more countries adapt the structure of their labour market and adopt a more flexible approach to older employees, the world will be working towards it.

Wise Coach – Naive Coach

I was reading this commercial from Tony Robbins’ Newsletter ”

When someone asks you for help, how do you respond?

The naive coach tends to “over-commit.”

They feel this heartfelt pressure to help the person, so the say, “Yes! Let me share my solutions with you. I’m committed to your change. Let’s make it happen!”

Why is this naive? Because if you rush in too much as a coach, you might scare the client away!

Or worse yet, you are seen as a “nagging” friend giving them unwanted advice. Ever experience that?

The wise coach knows better. They say, “Great. I’d love to help you.”

Then the wise coach thinks to themselves, “Let’s figure out what kind of client this is.”

You see, there are four different client types. The four types have different goals. They work at different speeds.

And they have completely different expectations for their coach.

When the naive coach “rushes in” to help, they miss out on the client’s type.

They miss what’s really going on.

The wise coach first understands the client’s type, and proceeds accordingly.

Which coach do you think is more effective?

If you ever find yourself giving advice to someone who doesn’t seem to benefit… I have something for you.

Today we will be sharing one of our top strategies for bringing faster, more profound change to coaching clients.

It will also work on anyone in your life who needs your help.”

I come into the later category of coaches – the Naive Coach! I tend to commit fast, stay committed for long and rarely have I failed.

I believe that Flirting Mentor is an Oxymoron just as a term like Naive Coach is, IMHO.   A TRUE coach or mentor is neither naive nor a Flirt ! Serious coaches are Committed people and whether they commit early or later is a matter of their mind’s processes and early or late decision making capabilities/ habits – nothing else!

 

Thursday Mentor – Free Verse by Jay Parkhe

Greed 2.0

Free verse by jay

Because I could not lead with Greed,
it did kindly lead for me.
Greed, Greed, every where,
Yet not a Rupee to lead.

I cannot help but stop and look at the Alchoholic’s selfishness.
Does the selfishness make you shiver?
does it?

Pay attention to the stupid,
stupidity is the most brilliant fault of all.
Stupidity is glorious. stupidity are bright,
stupids are smart as a whip, however.

Pay attention to the egotists,
egotists are the most zany vanity of all.
Do egotists make you shiver?
do they?

Wednesday Column – Jay Parkhe’s creative Mentoring – Random Slogan Generation.

In my Mentor Column on Wednesdays Jay Mentor discusses with readers the Slogans. Do you have a Slogan? Have a look at the ones I chose for you below. Any of them make sense to you? Relevant to you? Appealing to you.

Do you think, you can expand, modify, change a wee bit and make these slogans look and work Great for you. Slogans are not merely for shouting from the hooters or rooftops – people like leaders who walk the talk.

Do you have it in you? Please go ahead and create and share your creation in the comments. I shall respond ASAP.

  1. It’s in your hands.
  2. Little miracles.
  3. Experience is key.
  4. Pushing the limits.
  5. The time is now.
  6. More than just a taste.
  7. Never stop dreaming.
  8. Be more.
  9. Redefining impossible.
  10. Shh, it’s a secret.
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