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 Up your savings or the amount withdrawn from your pay for retirement.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...
I receive a lot of inquiries from leaders who don’t understand why they haven’t advanced in their careers. Often, they don’t realize the magnitude of being in a stagnant position nor have they interpreted the important signals that have come their way. Once they agree that the following scenarios have occurred it becomes apparent that they may have been identified as “not executive material” and that a strategy is needed to ascend the plateau.
1. You’ve been told they will look outside the organization to fill the position you want.
This is code for “We don’t have anyone internally of whom we think highly enough to mentor or put in the position.” Unless the opening is for an executive management position or a new skill specific role, this also speaks to the company’s lack of leadership development as an organization. Ask what specific qualities they are looking for in a capable...