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#YourCareer : Do You Plan To Work After 65? More Americans Are Delaying Retirement, Study Finds. How About You?

There is an increasing trend of older workers remaining in the labor force. A Pew Research study this month found that the number of working Americans ages 65 and older has nearly doubled in 35 years. The Pew data reveals that approximately one in five Americans in this age group were employed in 2023.

Older workers also work longer hours and earn higher pay than previous decades. The survey shows 62% percent are full-time employees, up 15% since 1987. At that time, the typical worker aged 65 or older made $13 per hour, whereas in 2022, they earned $22 per hour. AARP reported that the average income of retirement-age workers was $78,000 in 2019, which soared 63% from 1985.

Seasoned workers have contributed significantly to the growth of the labor force. Experts predict that the percentage of older workers in the labor force will continue to increase in the coming years. According to the United States Bureau of Labor Statistics, this demographic is projected to comprise 8.6% of the workforce in 2032, up from 6.6% in 2022.

 

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What Skill Sets Do You Have to be ‘Sharpened‘?

 

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Article continued …

People are delaying retirement to stay mentally engaged and financially secure. As life expectancy has increased, it’s understandable to fear outliving your money, especially as the cost of living skyrockets.

While the employment of older workers has increased, there are still challenges, such as income disparities and ageism in the workplace. However, there are signs of progress, with more employers considering job applicants over 50.

  • Experience and Expertise: Older workers offer a wealth of experience, knowledge and expertise to the workplace, which can be invaluable in various roles. They have often spent decades honing their skills and deeply understanding their respective fields.
  • Reliability and Work Ethic: Older workers are known for their strong work ethic, reliability and professionalism. They tend to show up to work on time, take fewer days off and are less likely to switch jobs frequently, which can contribute to a stable and committed workforce.
  • Soft Skills and Communication: Older workers possess well-developed soft skills, such as professionalism, written communication, analytical skills and interpersonal skills. They are often skilled at communicating with others in the office, which is essential for effective collaboration and information flow.
  • Mentoring and Knowledge Transfer: Older workers can be crucial in mentoring and providing skills to younger team members. They can help transfer institutional knowledge, problem-solving skills and best practices, contributing to the professional development of their colleagues.
  • Job Satisfaction: Older workers report higher levels of job satisfaction, according to Pew. They’re more likely to say they find their job enjoyable and fulfilling most of the time and less likely to find it stressful.

 

Forbes.com | December 19, 2023 | Jack Kelly 

Career Coaches on the Biggest Mistakes People Make in the Job Search

How often, during a tough week at the office, have you heard your friends say, “Time to update my résumé!”   You’ve probably said it, too.

Most people take this approach to the job search, and it makes sense. There’s so much you can’t control about the process, but adding new bullet points to your résumé feels actionable and straightforward.

But when it comes to thinking about your next career move, this isn’t the best place to start, says Jenny Foss, a career coach, certified professional résumé writer, and the voice behind the popular career blog JobJenny.com. “Job seekers will be in much better shape if they think about what they do (and don’t) want in that next job BEFORE they update the résumé,” she explains.

What other not-so-intuitive traps do we fall into? Here, seven experts who coach people through these very scenarios share how to job search the right way:

MISTAKE 1: NOT STARTING WITH YOU

Founder and lead coach Evangelia Leclaire agrees that people often initially focus too much on job search tactics, like their résumé and elevator pitch. “I suggest you focus on you first as the foundation,” she says. “The beliefs, attitude, and energy a smart person will bring to a job search will determine their success.”

Specifically, she advises spending time building up your confidence. Because you’re often competing with hundreds of candidates, it’s easy to doubt yourself, but that’s counterproductive, she explains. “We behave how we believe. So, if you believe that you are not enough or think, ‘I don’t have enough,’ your attitude, approach, and actions will reflect that.”

Some practical tips to boost your confidence? Leclaire suggests jotting down your competencies, character traits, and core strengths and using those to create a vision for your next chapter. She also recommends crafting a narrative about your future ambitions and repeating it daily, both in your mind and out loud.

These mental exercises can be powerful motivation. “You don’t want to end up in a job you hate, or simply tolerate, because you weren’t honest with yourself or didn’t believe you could grow into bigger and better opportunities,” she says.

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What Skill Sets do You have to be ‘Sharpened’ ?

Continue of the article:

MISTAKE 2: THINKING LIKE A HISTORIAN, NOT A MARKETER

Once you’re clear on what you want, is it time to update your résumé? Yes, but maybe not in the same way you’ve done in the past.

Foss often tells her clients that a résumé is a marketing document, not an autobiography that details every role and responsibility you’ve ever had. “Just like in marketing, you’re trying to prompt a purchase decision. In this case, that purchase decision is, ‘Invite you in for an interview,’” she shares. “The easier you make it for decision makers to quickly connect the dots between what they need and what you can walk through their doors and deliver, the better the odds they’re going to want to talk.”

What does this look like in practice? Foss recommends digging into job boards and companies’ careers pages. Pull a few postings, and find the themes and criteria that keep coming up. “For instance, if you pull five job descriptions and four of them indicate in some form that they need someone who can solve complex problems and navigate ambiguity—and you can absolutely do these things—then you need to make it clear very quickly on your résumé that this is you.”

MISTAKE 3: NOT LOOKING AT THE BIG PICTURE

With that said, don’t forget about all of the skills that you bring to the table. “The biggest mistake smart people make during their job search is not looking at their experience in a holistic way,” says Dorianne St Fleur, a career strategist and the founder of Your Career Girl, a career development agency for black women. “While it may seem like a no-brainer to solely focus on your project management experience if you’re applying for a project management role, consider highlighting the complementary skills you bring to the table as well.”

For example, she explains, if you’re a project manager who also has experience in web design and operations management—and those skills are relevant to a specific role—find a way to highlight them. “Showcasing how your specific background allows you to bring a new perspective to your work will help you stand out among the hundreds of job seekers vying for the same position,” she explains. Just make sure to make it feel like a value add, not a random sidebar of your career. “It’s your job to connect the dots.”

MISTAKE 4: OVEREMPHASIZING WHAT YOU WANT

Another part of your job? Showing a company what you can do for them, not vice versa. “One of the biggest mistakes even the savviest job seekers make is they put too much emphasis on what they want,” explains Emily Liou, career happiness coach and founder of CultiVitae. “When asked, ‘Why do you want to work here?’ or ‘Why are you interested in this role?’ . . . they may catch themselves stating, ‘I want to grow and am ready for greater challenges.’”

But, she cautions, employers don’t really care—at least not initially. “What they want to know is: How will you make our lives easier? What are you going to immediately contribute? How are you going to solve my problem?”

 

FastCompany.com | December 2, 2019  | BY ADRIAN GRANZELLA LARSSEN