HBS CLUB OF LONDON
THE 100 YEAR LIFE - Living and Working in an Age of Longevity
Professor of Management Practice at London Business School
Tuesday, 30 January 18.30 , 19.00 Presentation, 20.15 Networking, 21.00 Finish
Caledonian Club, 9 Halkin Street, London, SW1X 7DR
£25 Club Members, £40 Non-members and Guests
Life expectancies have been rising by up to three months a year since 1840, and there are few signs of that flattening. Across the world, people today are living longer. If life expectancy continues to grow at the rate of two to three years every decade, more than half the babies born in wealthier countries since 2000 may reach their 100th birthdays.
Across the world, people are becoming more conscious of their lengthening working lives — but frustrated by their working context. While people may know they will have to restructure their lives and careers, corporations are unprepared and their reactions to greater longevity are inconsistent. While the possibilities of tapping into the estimated $15 trillion of spending power of people over 60 are tempting, few have taken full account of the opportunities and challenges longevity brings to their own workforces.
The traditional, well established pathway of a three-stage approach to working lives: education, followed by work and then retirement - is already beginning to collapse: life expectancy is rising, final-salary pensions are vanishing, and increasing numbers of people are juggling multiple careers.
Whatever your age - 18, 45 or 60 - you will need to do things very differently from previous generations and to structure your life in completely new ways. Financial calculations made for different age cohorts show the variable impact of savings rates, retirement age and retirement income replacement rates on the length of a working life, demonstrating how working lifespans were likely to covary with longevity – illustrating the trade-offs individuals face between savings rates and retirement age.
Lynda Gratton will offer a broad-ranging analysis and a raft of solutions, showing how to rethink your finances, your education, your career and your relationships and create a fulfilling 100-year life:
• How can you fashion a career and life path that defines you and your values and creates a shifting balance between work and leisure?
• What are the most effective ways of boosting your physical and mental health over a longer and more dynamic lifespan?
• How can you make the most of your intangible assets - such as family and friends - as you build a productive, longer life?
• In a multiple-stage life how can you learn to make the transitions that will be so crucial and experiment with new ways of living, working and learning?
Dr Lynda Gratton is a Professor of Management Practice at London Business School where she directs the program ‘Human Resource Strategy in Transforming Companies’ – considered the world’s leading program on human resources. For over five years she has led the Future of Work Consortium which has brought executives from more than 60 companies together both virtually and on a bespoke collaborative platform.
Over the last 20 years Lynda has written extensively about the interface between people and organizations. Her nine books cover the link between business and HR strategy (Living Strategy), the new ways of working (The Democratic Enterprise), the rise of complex collaboration (Hot Spots and Glow) and the impact of a changing world on employment and work (The Shift ) and the impact of longevity on society (The 100 Year Life – co-authored with Andrew Scott) In 2012 The Shift received the best book of the year in Japan and has been translated into more than 15 languages. In 2015 The Key won the CMI Management Book of the Year. In 2017 The 100 Year Life was shortlisted for the FT Business Book of the Year, became the bestselling book in Japan and was translated into 15 languages.
Lynda’s work has been acknowledged globally – she has won the Tata prize in India; in the US she has been named as the annual Fellow of NAHR and won the CCL prize; whilst in Australia she has won the HR prize. She has been named by Thinkers 50 has one of the top 15 thinkers in the world. Lynda is a Steward of the World Economic Forum and has chaired the WEF Council on Leadership. She serves as a judge on the Google.org prize, and in November 2017 was named as a council member of Prime Minister Abe’s council on social change.
Drinks and Canapes will be served. Guests welcome.