Today is: Friday, August 14, 2020 | Our next publication day: Monday, August 17, 2020
Demographic Trends for the 50-and-Older Work Force
by Jill Mislinski at advisorperspectives.com
Our earlier update on demographic trends in employment included a chart illustrating the growth (or shrinkage) in six age cohorts since the turn of the century. In this commentary, we'll zoom in on the age 50 and older Labor Force Participation Rate (LFPR)…
It might seem intuitive that the participation rate for the older workers would have declined the fastest. But exactly the opposite has been the case.
Companies In Their Cost Cutting
Are Discriminating Against Older Workers
by Jack Kelly at forbes.com
According to MarketWatch, “Age discrimination in the jobs market, which is supposedly illegal, goes up in recessions. Some employers take the opportunity to ax experienced workers who are paid a reasonable wage, and replace them with cheap, desperate kids who will put up with anything.” The author of the piece, Brett Arends, an award-winning financial writer, further cites research from the National Bureau of Economic Research that found “age discrimination rises hand in hand with the unemployment rate” and “older workers tend to be the last hired back and the first fired.”
How Do I Convince Others
To Take My Career Change Idea Seriously?
Disillusioned with his work, Jason feels he's stumbled on the perfect career change. He's worked hard on re-training, and he's having lots of interesting conversations. But there's just one problem: people aren't buying. When your skills are unproven, how do you convince others to give you a chance?
Our next edition…
Monday, August 17, 2020
8 Survival Tips For The Laid Off And Looking
by Mary Sherwood Sevinsky & Jenna Arcand at workitdaily.com
It can be difficult to stay focused, positive, and proactive when you are laid off, but that is exactly what you need to do if you want to get a job!
If you're laid off and looking, check out these eight simple tips to get you out of the house and back to work.
More help for the 50+ job seeker:
Show your support for all the age 50+ job seekers.
Pass it Along
If you attend networking events and go to jobs clubs, you’ve been meeting other job seekers just like you. Mention the Nifty50s to them and encourage them to visit as well. You’ll be helping them and you’ll make an appreciative friend for yourself.
Older workers can bring
a lot of value to the table
Looking for a job is a sales process. As a job seeker, your job is to sell yourself to your next employer. It may be more difficult than it sounds.
The good news is that, especially as an older job seeker, you have a lot to sell. First and foremost, you have years – if not decades – of work experience. The vast majority of jobs out there require experience – and the more, the better. Direct job experience is crucial and industry experience is that much more of a case in your favor.
Then there are the many intangibles. Virtually all older workers have a strong work ethic; plus they tend to be more reliable, dependable, collaborative, steadfast, etc., etc. We could go on but even the Internet may not be large enough to contain all those benefits.
All those attributes should make you an extraordinarily strong candidate for any employer. But, alas, sometimes that’s not enough.
What will push your candidacy over the top and make you irresistible to that employer? Can you, as their next employee, demonstrate value to their bottom line?
Having years of experience and industry background won’t do it. Being reliable and dependable may not crack that nut either. But bottom-line value should make any hiring manager take notice.
Precisely how you can demonstrate this will vary from job to job, from company to company. There are just too many possibilities to enumerate them all here. Can you contribute to their bottom line by having fewer sick days? Possibly. Can your experience help them cut costs to improve profitability? Sounds good. Have you a good track record of attracting new customers?
All those things can improve an employer’s bottom line and make you the most memorable of all their job candidates.