![]() |
|
The Fabulous 50's As an executive search consultant I spend all day every day sourcing, evaluating and presenting candidates to a wide variety of clients. Our firm represents a wide swath of industry as a whole: Retail, Banking, Insurance, Manufacturing, Technology, Healthcare, Distribution, and Services. In every search assignment we receive, one theme is becoming increasingly clear. Regardless of industry, we are now in a "mini war for talent" which is on a path to accelerate over the next ten years. A number of recent and growing trends including the globalization of business, the "technologification" of business and retiring baby boomers are driving the need for more talent and more educated/experienced talent. Just a few short years ago, many of my contemporaries (age 50+ baby boomers) were worrying about downsizing, mergers and consolidations and never having a "real job" again. While there has been a lot of shifting in the job market, and hundreds of thousands of displacements over the last 10 years, another trend is quietly emergingÉ.the need to "bring back" much of the knowledge, maturity and expertise that has been "retired". Add to these disruptive forces, one more major element. The "baby bust". Baby boomers are now aged 45-60. Remember that "baby bust" we all heard about way back when? That generation is now 35-45 and there are simply not enough people to go around. What does this mean for that leading demographic group that has been, as the media likes to put it, "a disruptive force" since childhood? It means that now, in your fifties and beyond there are real, meaningful and often very flexible career opportunities. In just the last year, our firm has placed several "retired" executives in to unique second career opportunities. This year the trend is increasing. What are these second careers? They are as varied as the skills of our candidates. Some are in traditional executive roles but within a new industry. Many have been in the not for profit and public sectors. Some have been interim contract assignments that have evolved in to permanent positions. All full time, many being done "virtually" from remote locations, the opportunities abound. So what does this mean for you if you find yourself retired and restless, unemployed but needing a job, bored and looking for a major step change in your work life? It means that the opportunities are there, you just have to know how to find them. Below I have outlined some of the ways that the best jobs are found, and as with most things, it starts with networking,
So there you have it. The trends are in your favor. That doesn't mean it will be easy to reap the rewards of the trends, but with focus, persistence and optimism, the fifties (and beyond), can, in fact, be fabulous.
|