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Kerry Hannon Shares Recommendation On Landing A Job After 50

Time was, your working life ended with a carriage clock and a state pension in your 60th birthday. Not. For today’s fiftysomething (and even fortysomething), the world of labor — and beyond — is a much more precarious place, characterised not by the gracious mentoring of respectful youthful staff however the ever-present concern they’ll shortly replace you. For much less money and with higher tech abilities.

Although no agency will admit it, ageism within the workplace is an undeniable reality: in 2016, the final 12 months for which figures are available, the redundancy rate amongst over 50s hit a document high. Whereas the quantity of people made jobless total has fallen in recent years, the proportion of over-50s redundancies has risen sharply — a shocking one in three people made redundant at this time is 50 or older.

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  • In a quick-moving digital world, experience counts for lower than technological savvy; indeed, in some industries, the extra experience you've gotten, the ‘staler’ you seem to recruiters. Latest analysis found that employees aged 49-fifty one acquired 19 per cent fewer responses to job functions than those aged 29-31. Older still and the odds recede additional.

    Those aged 64-66 had 35 per cent fewer replies. For girls this may lead to real hardship. Enter Kerry Hannon, a world-renowned skilled on midlife work. A agency believer within the expertise of 50-plus women, she has spent two a long time researching and writing about the world of work and the older woman’s place in it. What we all want to begin planning for, she says, is our ‘encore career’, a second — often extra meaningful — act to our working lives. ‘Landing a job after 50 does take research, soul-searching and swagger,’ she says, but it’s completely potential — certainly fascinating — to start a brand new profession in midlife.

    So here, in an extract from Kerry’s good new e-book, is how you do it . Do not dive right into a second career on a whim. When you turn 50, begin planning for an encore profession you may kick off in another 5 years. Thinking a couple of second act forces you to confront how for much longer you’re going to have to work, and that changes the equation about what you wish to do. If you’re going to work for 2 more a long time, that you must love that job.

    Look inside: What am I best at? What do I love to do? What don’t I wish to do? What was my childhood dream? Ask friends and colleagues, too. They could see things you’re innately good at that you take for granted. Form up your monetary life. Beginning again can imply a pay minimize or forking out for the cost of a fledgling enterprise or coaching. It’s good to have a cushion of six months’ pay or more to cowl living bills, as well as unexpected emergencies, when you make the transition. Can you set the mortgage on a decrease charge?

    Pare back spending elsewhere? However remember to keep your hand out of the cookie jar. It’s tempting to dip into retirement accounts and tap house equity and different savings. Don’t be tempted to jeopardise your retirement security. Apprentice, volunteer or moonlight. Do your self a favour — do the job first.

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