Today is: Wednesday, August 26, 2020 | Our next publication day: Friday, August 28, 2020
Over 50s Dropping Out of the Workforce
Due to Covid-19
Nearly 200,000 workers aged over 50 have been forced into early retirement
since the pandemic began, according to Rest Less
by Emma Lunn at yourmoney.com
The over 50s jobs and community site compared data from the Office of National Statistics in December to February compared with the most recent data from March to May.
It found that the inactivity levels of people aged over 50 rose more than any other age group in this time period.
Economic inactivity is an important measure as it shows the number of people falling out of the workforce entirely rather than just unemployed job seekers.
New Tools to Stand Out With Your LinkedIn Profile
by Abhijit Tamhane at linkedin.com
Your LinkedIn profile is a digital representation of your professional story and experience, and can be your ticket to a variety of opportunities -- whether that’s finding a new job, building your network or growing your audience. And in these unpredictable and challenging times, we know it’s more important than ever to help make it easier for you to stand out, discover and land new opportunities.
We’re always working on new ways to help you do this on LinkedIn. Here are a few of the most recent updates to help you do this on your LinkedIn profile… Share that you’re Open-to-Work.
The Surprising Age Workers Start to Experience Ageism
by C.W. Headley at theladders.com
Before the COVID-19 pandemic devastated the job market, ageism was a favored topic among industry insiders.
Over the last five years or so, sources began tracking increasing reports of Americans continuing to work into their late sixties…
Researchers fear that employers and staff too often discriminate against older candidates with misconceptions that have since been debunked.
How to Get and Stay Organized During Your Job Search
by Deanna deBara at themuse.com
There are a lot of logistics that go into looking for a new job. You have to keep track of not only all the jobs you applied for and which materials you sent in, but also which companies have gotten back to you, which have scheduled interviews, where and when those interviews are, what you need to prepare, when to follow up...
It’s a lot to manage. And if you don’t want to drop the ball (or feel totally overwhelmed!), you’ve got to be organized.
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.
They’re not milk cartons. There is no expiration date on your contacts.
The data is pretty convincing. Numerous sources cite that upwards of 80 percent of all jobs are never posted and 40 percent of all hires come from the referral pool.
What this means to the job seeker is that you’re more likely to find a job through your network of contacts than anywhere else.
This is good news for the older job seeker. With more years in the workforce, you’ve built up a network of contacts that is broader and deeper than any other age group. And if history is any indication, someone in that network of yours is possibly holding the key to your next job.
The better news for the older job seeker is that, as referenced above, there is no expiration date on your contacts. Even people you knew and/or worked with 30, or even 40 years ago may be able to provide some assistance for you. But you won’t know that until you ask.
Job search guru Dawn Graham notes that the old six degrees of separation, thanks to technology, is now down to four.
We knew of a consultant who claimed that the first place he looked for new business was from the arena of his former clients. He said it worked almost every time. Granted, you’re not looking for new business per se, but the concept is still the same.
The hardest part for you is in assembling all those contacts and keeping track of them. Fortunately, technology can help here as well. There are numerous CRM – customer relationship management – systems out there which you may be able to use.
The bad news is that most of them are not free. The good news is that you can probably achieve the same results with an Excel spreadsheet. If you don’t feel too comfortable with Excel, there are many many online courses and tutorials that can help.
Don’t let those old contacts gather dust on your mantle. Brush them off and get them working for you.