Federal Government Professionals Retiring Soon

March 4, 2024

What’s next? Consulting?

As we approach the end of the fiscal year for the federal government, it’s crucial to acknowledge the impending departure of many seasoned professionals who have reached their 30 years of service and will soon leave the workforce by March 31st.

Drawing from my experience working closely with professionals from AS to EX levels during this transition, I’ve observed that many successfully transition into consulting roles post-retirement.

Here are some key suggestions to facilitate this transition:

  1. Preparation: Determine your desired duration of work and personal commitments to establish expectations about the nature of your consulting engagements. Remember, commitment to deliverables is paramount. Take time for yourself before preparing for consulting.

  2. Maintain your network: Stay connected with colleagues and directors in your field to explore potential consulting opportunities where your expertise could be valuable.

  3. Polish your resume: Highlight your most recent career contributions, emphasizing project scope, tasks, and outcomes achieved. Seek advice from senior, specialized recruiters from staffing firms or former colleagues in the consulting domain to tailor your resume effectively.

  4. Understand contracting options: Explore consulting through firms, as a subcontractor, self-employed, or employee. Consult with an Accountant to understand tax, pension, and cash flow implications.

  5. Maintain a valid security clearance: Facilitate the transfer of your clearance with Public Service and Procurement Canada (PSPC) to ensure ongoing eligibility for government contracts.

If you’re a public servant considering retirement and interested in transitioning into consulting, feel free to contact me for guidance on navigating this career phase at Ana@terrahrconsulting.com

I’m eager to share further insights and provide support as you explore this exciting journey!