Lolani Kalu, a former journalist who experienced a layoff from NTV a few years ago, has now made a comeback on our television screens. Despite his well-known “Malimwengu na Lolani” segment, Lolani is currently gracing the screens as part of the cast of Citizen TV’s Sultana soap opera.
The inevitability of job changes is a reality we all face at some point in our lives. It’s crucial to be prepared for the possibility of such transitions. This is not only relevant for those nearing retirement age but for individuals at any stage of their career, as time passes swiftly, and one must be ready for the unexpected.
It’s essential to understand that in Kenya, most companies offer their employees the option of retirement once they reach the age of 55. In certain large Kenyan organizations, such as the Supreme Court, the retirement age is even extended to 70. This underscores the significance of financial planning and saving for one’s eventual retirement.
Now, while you are still gainfully employed and have some disposable income, it’s advisable to consider making investments in smaller enterprises. Additionally, setting aside money in a savings account can provide a safety net for unforeseen emergencies. Lolani himself faced considerable challenges when he was laid off from NTV Kenya after dedicating 18 years to the company.
It’s crucial to acknowledge that job security is a rare commodity, as employees cannot predict the actions of their employers. Managers or business owners may decide to leave their current employment for various reasons, and this is beyond the control of the workforce.
Consequently, it’s prudent for employees to proactively plan for their financial future, as job loss can occur without warning. Many individuals who have been laid off from their jobs have struggled to navigate this transition. Some even faced the heart-wrenching decision of abandoning their families due to financial hardships.
The reality is that companies often prioritize their own interests over the welfare of their employees, and layoffs may become necessary in their eyes. Therefore, individuals should remain vigilant and take steps to secure their financial stability and future, irrespective of their current employment situation.
