Kerry Hannon Shares Recommendation On Landing A Job After 50

Time was, your working life ended with a carriage clock and a state pension on your 60th birthday. Now not. For today’s fiftysomething (and even fortysomething), the world of work — and past — is a way more precarious place, characterised not by the gracious mentoring of respectful younger workers however the ever-present concern they’ll shortly substitute you. For less cash and with better tech skills.

Though no agency will admit it, ageism within the workplace is an undeniable actuality: in 2016, the last yr for which figures can be found, the redundancy fee among over 50s hit a report high. While the number of people made jobless overall has fallen lately, the proportion of over-50s redundancies has risen sharply — a shocking one in three folks made redundant in the present day is 50 or older.

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In a quick-moving digital world, expertise counts for less than technological savvy; indeed, in some industries, the extra experience you could have, the ‘staler’ you seem to recruiters. Latest analysis discovered that employees aged 49-51 acquired 19 per cent fewer responses to job applications than these aged 29-31. Older nonetheless and the odds recede additional.

These aged 64-sixty six had 35 per cent fewer replies. For girls this could result in real hardship. Enter Kerry Hannon, a world-famend skilled on midlife work. A agency believer in the talent of 50-plus ladies, she has spent two many years researching and writing about the world of labor and the older woman’s place in it. What we all want to begin planning for, she says, is our ‘encore career’, a second — typically more meaningful — act to our working lives. ‘Landing a job after 50 does take analysis, soul-looking and swagger,’ she says, but it’s completely attainable — certainly desirable — to start out a new profession in midlife.

So here, in an extract from Kerry’s brilliant new e book, is how you do it . Don't dive into a second career on a whim. Once you flip 50, begin planning for an encore profession you would possibly kick off in one other 5 years. Considering a couple of second act forces you to confront how much longer you’re going to must work, and that adjustments the equation about what you wish to do. If you’re going to work for two more a long time, that you must love that job.

Look inside: What am I finest at? What do I love to do? What don’t I like to do? What was my childhood dream? Ask associates and colleagues, too. They could see things you’re innately good at that you are taking as a right. Shape up your monetary life. Starting once more can mean a pay minimize or forking out for the cost of a fledgling business or training. It’s good to have a cushion of six months’ pay or extra to cowl residing expenses, in addition to unexpected emergencies, whilst you make the transition. Can you set the mortgage on a decrease fee?

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