Q. Despite companies advertising that they do not discriminate they undoubtedly do. I am a career accounting/finance professional who just turned 62. I see positions I can do with my eyes closed not giving me the time of day. What does a tenured job seeker do to even get an interview?
A.Age discrimination in the workplace is a valid concern. In a past newsletter entitled How to Conquer Age Discrimination, I addressed this topic and provided solutions for finding a job in spite of age discrimination. However, I would be understating the issue if I didn't acknowledge that it may be challenging to secure the full-time position that you seek. Aside from age discrimination, there are a number of other reasons for finding it increasingly difficult for older workers to secure a full-time position - today's extremely competitive job market where there is a glut of applicants waiting in the wings for every advertised job opening including many younger workers willing to take a lower salary. Then there's the globalization of today's economy where many jobs are shipped out to other countries that provide cheaper labor and reduce the number of available jobs, and of course the uncertainty caused by our evolving healthcare system which has caused many companies to cut back on hiring.
It seems like a no-win situation for job seekers over 50. However, if you're familiar with my philosophy as a career coach, you know that I believe there is always a solution to our challenges; the solution just may not be exactly what you would want it to be!
Here are a few solutions that are a bit "outside of the box" for older workers to consider - however, these strategies can be used by anyone who is having difficulty securing a full-time position in today's job market:
1) Increase your competitive edge in the job market -
Become an expert in an area of your field in which few people have developed expertise then develop and market that as your personal brand. For example, I had a client who worked as an underwriter in marine insurance specializing in insurance for container terminals. There weren't many people who had his specialized knowledge so he was fortunate enough to have jobs come to him instead of the other way around. You can figure this out by doing some research into the highly sought after top performers in your field. Consider what background, experience, or knowledge makes them in high demand - then see if you can acquire some of their expertise.
2) Consider Contract Staffing -
In times of economic downturn, contract staffing surges. While this solution might seem like contract employees are getting the short end of the stick as these positions do not offer benefits, stability or long-term security, contract work does offer some advantages as estimates reveal that 38% of contractors convert to full time work.
In addition, contract staffing:
- Provides a means for keeping your work skills current.
- Pays more; about 20% more on average.
- Provides the opportunity to get experience in new business areas or technology.
- Is a way to get your foot in the door of a company that wouldn't consider you otherwise.
- Provides a great networking opportunity.
And - 90% - 95% of U.S. companies use or have used contract staffing.
FYI, the most common contract staffing positions are in IT, Life Sciences (pharma, healthcare), Accounting & Finance, Administrative/clerical, Engineering, and Legal/Paralegal.
3) Create your own Portfolio Career -
A portfolio career may be a term that is new to you but it's a hot new trend in careers that is becoming increasingly popular in response to the stagnant job market.
Portfolio Career: -
Having two or more jobs (or projects) working for different employers or mixing traditional employment with self-employment.
Portfolio careers differ from the traditional single track careers that we have become accustomed to striving for and trained to believe is the only option to consider; however, the world of work has changed! Designing a portfolio career is a way to create multiple streams of income so that you don't have to be dependent on one. It provides you with more flexibility and the opportunity to pursue multiple interests, and to create more fun and enjoyment in your career. It is the ultimate "empowered" career.
Keep in mind the various jobs may relate and use the same skill set you possess or they may be completely different and unrelated.
Here are 2 real-life examples:
Trish works 3 days per week as a software developer for a company in NYC. During the rest of the week she works as a fitness instructor teaching pilates and weight lifting classes. In addition, she works one-on-one with private clients.
John is a college professor who teaches business classes at a university. He also earns income from speaking engagements and consulting work with corporations.
Here are a few benefits to creating a portfolio career:
- The opportunity to use different skills and incorporate various interests into your work.
- An alternative way to earn income in the event you lose your job.
- Flexibility to create your own schedule.
- The chance to build skills that may not otherwise be available to you.
Contact Career Advancement Coaching if you need help implementing any of the above strategies.
