n the past year, more than five hundred thousand Americans began their
workday gainfully employed and walked out at the end of the day without a job.
Fired, laid off, forced out as the victim of a company closure, or otherwise
shown the door, millions of workers, plenty of them over the age of fifty, were
suddenly forced to reenter the job search market, something many hadn't faced
for years, some not for decades.
Others simply walked out on their own, uninspired by what they do, desperate
to escape the restrictions of tight management, or anxious to find a new career
path-or at least a job that will offer them a different professional role or
challenge.
(Continued below ...)
Regardless of how they got there, embarking on a job hunt can be daunting
and, for those ill prepared, a quick lesson in humility, frustration, or
despair. Never an easy proposition, finding a job after the age of fifty can be
disheartening for some and overwhelming, even terrifying for others. R?sum?s not
looked at in years may need to be completely reworked. Interviewing skills have
likely all but dried up. Networking-probably the most feared professional task
next to public speaking-is something few job seekers are willing to embrace.
What's more, if you haven't traveled the job-hunting circuit in recent years,
you may not be aware of the many resources that have sprung up out there in the
last year or two alone. Classified advertising certainly still exists. And it
shouldn't be knocked- people land jobs every day by scanning the listings in
their local newspaper. But where job seekers might once have been able to rely
on that historically reliable source alone, now it's just the tip of the
job-hunting iceberg-and barely that. Classifieds can be the last spot a company
places a listing for a position, especially if the job is in a niche industry
where online job boards focused on a particular skill or area of expertise may
more effectively target the talent that a company is seeking.
The good news, however, is that older workers do have a vast, rich pool of
resources they may not have been aware of, may have taken for granted, or may
simply have overlooked. And that pertains to far more than just job postings.
Longtime employment in a particular industry provides reams of contacts for job
seekers, but many applicants don't immediately consider that option when they
start looking for work. Industry groups can help out-of-work job hunters realize
what areas of an industry might be easiest to tap for job openings. Association
memberships throughout the years can now pay off in contacts and job leads.
The best tactic for mature job seekers? Stop before you panic, and consider
all the contacts, resources, and avenues of exploration your career has built to
date. Those who do are usually pleasantly surprised with not only the options
they have but also the opportunities they never imagined lay ahead.
To be certain, the workplace after fifty is a rich terrain. For all its
uncertainty-careers winding down, retirement looming, a younger generation
itching to fill spots soon to be vacated by older workers-the opportunity for
professional growth has never been more robust for Americans over fifty than it
is today. And for good reason. "People now are living on average thirty years
longer," says Jeri Sedlar, a retirement expert and co-author of Don't Retire,
Rewire!, a book about finding fulfilling work later in life. And they're looking
to fill those years with meaningful work or make sure that they have work
options so their finances don't dry up.
If thirty or more years of living beyond age fifty is the case for most
Americans, older workers suddenly faced with a pink slip would be wise to
consider the many decades of living that probably lie ahead of them. But they
should also realize that there are numerous opportunities for older job seekers
in need of employment later in life. Don't lose hope; older workers are a much
more desired talent pool than you may think.
That's good news for workers over fifty who are suddenly unemployed but
aren't thinking about how they can make early retirement work. Most Americans in
that age range don't have the luxury of hanging up their career after being told
to clean out their desk and say good-bye. Expenses usually demand that people
put in years more of work. In addition, more Americans are also realizing how
crucial their jobs are to their physical and mental well-being.
In interviews conducted for this book with dozens of senior workers-from as
young as 50 to as old as 104-all, without fail, stressed that they couldn't feel
fulfilled financially, professionally, intellectually, socially, or emotionally
without some form of work in their later years.
Where to Go from Here?
That's the question of the hour on the lips of many older workers who have
walked off the job or been asked to leave their place of employment in recent
years.
For better or worse, you've found yourself at a crossroads. Whether it's a
devastating layoff or an intentional walkout from a painful position, you now
have the opportunity to rework your career from this point forward.
To change careers, find a new job, or return to work after years away,
especially at this stage in life, it pays to discover what really turns you on,
what drives you day in and day out, what's going to propel you into another
profession, and what could motivate a monumental change in your professional
life. That requires some serious personal exploration. Workers in this age group
are asking themselves the following:
- How do I really want to spend the next twenty to thirty years of my
life, now that I can realistically expect to do so?
- Where can I continue to showcase my talents and be appreciated and
compensated for doing so?
- How can I step away from an all-consuming, highpressure career, but
still keep a hand in the profession that I find compelling?
- What's more important to me now-lifestyle or professional growth?
- How much do I need to work to maintain my current quality of life?
- What effect will my professional change have on my family?
These are important questions.
Baby boomers' lives aren't without their hurdles. As they enter their
fifties, they could just as easily start forging a path to retirement as they
could one toward new professional ambitions. But doing the latter might seem
like an easier path for those who are young, eager, and untainted by the
economic, political, financial, and social frustrations of corporate life.
Changing paths now requires tapping energy-whether it's sparked by a newfound
interest, panic over lost employment, or the possibility of a new lease on your
professional life.
That energy will be widely needed as older workers face other possible
hurdles in pursuing new avenues. Plenty of potential employers, for example, are
wary of older workers, whom they fear might be more feeble, less mentally alert,
less ambitious, or more apt to suffer from health problems than younger
colleagues. Experts on aging insist that those perceptions are untrue. The good
news is that the eagerness with which companies are retaining a mature workforce
is a refreshing sign that employees in their fifties and beyond are an
increasingly valued and important part of American business success.
Even for those managers who still don't have faith in the strength of older
workers, human resource executives are slowly working to change the perceptions
rooted deep within company offices. Consider a recent study from the Society for
Human Resource Management (SHRM), which showed that:
- 72 percent of human resource professionals said older workers provide
invaluable experience.
- 69 percent said they had a stronger work ethic than younger workers.
- 68 percent said they were more reliable employees.
If ageism still exists in American offices today, it may not be able to for
long-and rightly so. Over the next two decades, seventy-six million baby
boomers will approach retirement- leaving behind a mammoth gap and talent drain
in corporate America. Predictions are that over the next ten years, the
fastest growing workforce age group will be made up of those fifty-five and
older. At the same time, according to the Bureau of Labor Statistics, the number
of jobs available in the market will increase by 15 percent, or twenty-two
million jobs, by 2010, but the labor force will only offer an additional
seventeen million candidates. This means that if boomers aren't a highly
desirable talent pool now, they will be in the near future-in fact, they will
comprise a necessary recruitment population for companies looking to fill gaps
in the workforce with already trained and skilled workers.
Some in corporate America are taking steps now to help older workers break
new ground as they navigate an evolving workplace. Companies such as Procter &
Gamble have realized the value of former employees and are bringing them back to
tap their skills and expertise on a part-time basis. Companies such as the
Aerospace Corporation, a research and development company
Workforce Growth Per Age Group by 2010
Workers 25 and younger -- 2 percent
Workers 25-34 -- 5 percent
Workers 35-44 -- 19 percent
Workers 45-54 -- 8 percent
Workers 55-plus -- 33 percent
*Source: Department of Health and Human Services.
in El Segundo, California, have established phased-retirement programs that
allow older workers to gradually step away from their careers over months or
years. Others, such as Ford Motor Company, offer part-time programs in which
employees can reduce the number of hours they work each week.
Recent surveys indicate that older workers are interested in at least some
form of adjustment to their work schedule. For many, that may mean working part
time or flex time. A Watson Wyatt survey released in 2004 polled one thousand
workers between ages fifty and seventy; two-thirds noted that they wanted to
phase out of their current employer. And if companies want to keep workers
longer, recruit them back, or make certain they don't jump ship for the
competition, which may offer a more enticing work environment, they should begin
now to craft strategies that cater to older workers. Certain industries, such as
education, health care, and manufacturing, are more receptive to phasing and
other flexible work options.
Leveraging Years of Experience
Despite a rash of lost jobs and a seemingly bleak job market in recent years,
experts have repeatedly insisted that older workers are gaining power and
influence in the workplace-and are securing more promising work opportunities as
a result.
But there's an individual push going on as well. Much of the effort to
continue working is coming from older workers punished by a market that tanked
after the dot-com boom. Others trying to make do in retirement without an income
are finding themselves blowing through the nest egg at an alarming rate. And
perhaps more than anything, older workers are realizing that if they are living
longer, they'll want to be more engaged in their later years and look for ways
to find life inspiring. The typical post-career life activities, such as bridge,
golf, and gardening, may not cut it.
"It's a necessity to work and create mental stimulation in older people,"
says Colin Milner, CEO of the International Council on Active Aging. "Work is a
great thing dollar-wise, but it offers a variety of different elements that you
need to live. It stimulates your mind, keeps you socially connected. It's much
more than a purpose."
Indeed, more and more Americans are discovering that work is a key part of
moving into the next stage of their lives.
Making a Move
If you think the end of the road is near in your current job or line of work,
but aren't sure, ask yourself the following:
- If I'm not happy in my current job, what is it that I'd rather be doing?
- Is there something I could change about my current work situation that
would make it better-maybe working fewer hours or participating in more
inspiring projects?
- Am I ready to leave the camaraderie of peers and work on my own or do I
simply want a new environment with similar work elements and structure?
- Are there any more challenging positions or levels of responsibility
that I could tap at this company or in my line of work elsewhere?
- Have I learned all that I can in this profession, or are there areas
still unexplored that could provide new career growth?
- Would I be bored not coming to work every day?
- Could I change my job or work hours and still maintain my current
lifestyle and cost of living?
- Is there a company in my field that would provide better growth and
money opportunities than my current employer?
- Is there much salary growth left for me at my company?
- Would it pay to try my same position in another industry?
If none of these answers comes easily, then chances are you need to search
deeper within yourself to find what drives you professionally day in and day
out. If professional ambition has never been your strong suit, be honest about
it. Maybe rethinking your career or work life isn't about finding a new job or
career-maybe it's about holding on to the one you already have. Perhaps finding
a similar job in your line of work and simply building a retirement portfolio or
boosting the one you've already got is more important than discovering a new
professional commitment at this stage of your life. Forcing yourself to revamp a
professional career later in life will only be an exercise in frustration and
disappointment if you're not professionally driven in the first place.
One other thing to keep in mind: Be flexible while investigating new career
and work options. Where once almost all Americans imagined themselves not
working in their sixties or seventies, a large group of us now see new work
opportunities. Likewise, your vision for working later in life or during
retirement may change many times before you settle on what it is you really want
to do.
"My vision has changed tremendously," says Robert Cannon, fifty-six, who
opened his Cannon Advantage business consultancy later in life and watched an
array of people throughout his career travel down various paths toward
retirement. "It was sad to see so many people hanging on and counting the days
until they could retire and get out of wherever it was they were," he continues.
"I've seen others quit cold turkey and they don't have anything else to do. And
yet I've seen others who have stayed involved. One man is eighty-five and still
actively working. He called me to talk about my helping him on another project.
This man plays tennis every week, mows his own lawn, and still is looking
forward to life where so many others are ready to roll up and die."
Copyright © 2005 by Betsy Cummings
======
Send your press
releases and news to our
Free Press Release Submission
page