Older workers face a brave new world: 56% of employees over 50 have been pushed out of their longtime jobs, according to recent analysis from ProPublica. And of those workers who find employment at all, only 10% end up making as much as they did before. How can workers protect themselves? First off, know your rights. Also, everyone — no matter their age — ought to focus on keeping their skills fresh, LinkedIn’s Dan Roth tells “CBS This Morning.” And in the meantime, Roth adds, line up a side hustle. “If you have a high likelihood of being pushed out, then you want to make sure there’s something you can fall back on.”
Be prepared. Make sure you are working on things that are 1) measurable, 2) not easily transferable and 3) new and different and 4) hold a high learning curve. Up your savings or the amount withdrawn from your pay for retirement. Start the side hustle. Stay in shape. Work for a comapny that LIVES its values - not just has them hanging on the wall. Be able to speak to your signature strengths. Know your transferable skills. Write down three people over 50 who you admire and why. How can you you show up the way they do?
Show our culture that age is irrelevant by the value you bring. I ask my clients to write down one way they brought value to their office each day on a Flow-on-the-Go sheet. If that’s hard to do they know they need to refocus.
Do you want to advance in your career and it just isn't happening? Do you feel exhausted on the treadmill to nowhere? Watch my new FREE Training on Three Ways to Move to the Next Level In Your Career Right Now to 1) identify the right role for you, 2) position your transferable skills and 3) create a career portfolio that sells you before you even get an interview. If you don't know where you will be at the end of the year, you are already there.
P.S. Feel free to send this link to someone who could benefit from it. We are all walking down the same road in life.
Mary Lee Gannon, ACC, CAE is an executive coach and 18-year corporate CEO who helps leaders have more effective careers, happier lives and better relationships. Get her FREE Career and Life Planning Tool to be more effective, the leader everyone wants to work for and have a better connection with the people who matter while it still matters.
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