Retirement Youth Employment Program

The retirement of workers represents an important moment for both enterprises and individuals. Although labor law requires a minimum six-month notice period to prepare for retirements and file necessary documents, many companies are still caught off guard by these departures.

Knowledge accumulated over years by retiring workers is not always optimally transferred to their replacements. This situation simultaneously creates:

• A skills deficit in companies affected by retirements;
• A missed opportunity for young graduates who could fill these vacated positions.

PREJ aims to:

• Insert young graduates into positions vacated by retirements;
• Facilitate skills transfer from departing workers to their successors;
• Reduce graduate youth unemployment;
• Help companies anticipate and manage retirements;
• Create an intergenerational bridge in beneficiary companies.

PREJ targets:

Young job seekers:

• Registered with FNE;
• With basic training in requested fields;
• Aged 30 years maximum.

Companies:

• Having personnel approaching retirement age;
• Wishing to anticipate competency renewal;
• Desiring support in managing their HR transitions.

PREJ's strategy relies on a multi-step insertion process:

1. Position identification
Inventory of positions likely to be vacated by retirements in partner companies.

2. Candidate selection
Recruitment and selection of young graduates whose profile matches identified needs.

3. Overlap period
Period during which the recruited young person works alongside the departing worker to ensure transfer of skills and knowledge.

4. Position takeover
Definitive integration of the young person after the retiring worker's actual departure.

5. Post-insertion follow-up
Support for the young person in taking up their position and monitoring their integration by FNE advisors.

PREJ financing involves:

• FNE which covers part of the young person's remuneration during the insertion period;
• The host company which pays the remainder of the remuneration;
• This cost-sharing mechanism reduces financial risk for the company while guaranteeing income for the young person.

All FNE intermediation services are free for both parties.

For young graduates:

• Professional insertion into a position of responsibility;
• Skills transfer from an experienced professional;
• Remuneration during the insertion period;
• Possibility of long-term stable employment.

For companies:

• Serene anticipation and management of retirements;
• Optimal transfer of competencies and organizational knowledge;
• Access to dynamic and motivated young graduates;
• Cost reduction through FNE sharing mechanism.

For the national economy:

• Preservation of competencies in companies;
• Reduction of graduate youth unemployment;
• Continuity of business expertise.