Search
 

The Old Folks Are Coming! The Old Folks Are Coming!

One if by land; two if by walker. Baby Boomers are entering the age range for retirement, and it's time for companies to grapple with life with and without them

By Dave Lindorff | Updated on May 01, 2006

When Robert G. Potter, a senior vice president at Monsanto Inc.’s chemical division, had his secretary take off for a much-needed vacation, he figured to replace her with a temp. But a frustrated Potter soon found that he was spending all his time training the temp. Then he had a brainstorm: He contacted his former secretary who had retired several years before and asked if she would be interested in filling in. The retired secretary found the offer attractive and came in to work again, where she found herself able to handle all the needs of the office from day one. Realizing he had stumbled onto a good thing, Potter brought the idea to the company’s attention, and Monsanto’s Resource Re-entry Center was born.

Now, after over a decade of operation, the RRC boasts a list of 300 Monsanto retirees–everyone from secretaries to engineers to finance department accountants. At any given time, according to Monsanto spokesman Ben Kampelman, some 200 of these retirees can be found working on projects ranging in duration from a week to a year. “It’s good for them–they are able to stay in touch with friends while earning extra income,” says Kampelman. “It’s also good for us. We’re able to maintain relationships with people who bring valuable skills and knowledge to the company.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.