the threshold generation, valli swerdlow, valli associates,thres1h rnonotes9_15_12
DESCRIPTION
The term “The Threshold Generation” describes all of us who have had to move their retirement date up due to their net worth going down. Many of us are working past the time when we dreamed of retiring. The rules that our parents and grandparents played by are gone, like the old idea of staying at one organization for your entire career.TRANSCRIPT
Threshold GenerationValli SwerdlowVALLI AssociatesBABY VOOMER ™ Career CoachExecutive Leadership Coach for Baby Boomerswww.valliassociates.com 703-615-3834 @valliswerdlow
Definition
How many of you fit this description?
• Baby Boomers
• 45 to 65 years old
• Must move targeted retirement date out due to economic conditions
Question #1
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What age group will have the largest growth rate in the US Labor Force between 2006 and 2016?
1.) 25+ year olds 2.) 35+ year olds 3.) 45+ year olds 4.) 55+ year olds
Answer
93% of the growth in the US Labor Force 2006 to 2016 will be 55+ 1.) 25+ year olds
2.) 35+ year olds
3.) 45+ year olds
4.) 55+ year olds
By PEW - “America’s Changing Workforce, Recession Turns a Graying Office Grayer,” 9/09
Why?...
Current Economy
• Rise of unemployment
• Recession
• Devaluation of the dollar
• Swelling baby boomer generation
Annual number of births in US1940 - 2001
4.3 billion people
Result: Moving retirement date
Difference Between Change and Transformation
“Change” is Situational or External
(move to a new city, shift to a new job, birth of a new baby, acquisition, switch of a new health care plan, getting a new manager)
“Transformation”is Psychological or Internal
(NOT the events but the inner re-orientation or self-redefinition in order to go through the change)
William Bridges “Transitions - Making Sense of Life’s Changes”
Examples: Change v. Transformation
• Company Merger
• Executive Relocation
• Promotion
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Lifetime Employment OR
Edgar Schein - MIT
Lifetime Employability
Lifetime Employment OR
Edgar Schein - MIT
Lifetime Employability
Key Point to Remember!
•It’s about Empowerment!
•To be Employable and Fulfilled• Bring passion back into your
work life
How about your future…
• How many of you think that you will be doing exactly the same work for the next…
5 years?
10 years?
15 years?
7 Mistakes of the Threshold Generation
1. “I’ll just do what I was doing before.”
2. “My experience speaks for itself. Lots of employers would be lucky to have me.”
3. “I’ve always been successful so why should things be any different?”
4. “I just need a job. I don’t have time for this touchy - feely stuff about what work means to me.”
5. “I’ll just use a recruiter if I ever need a new job.”
6. “I know the answer! I’ll become a consultant….or maybe a security guard.”
7. Of course I’m good at computers! I have been working with Windows 98 for years!”
MetLife Mature Market Institute 10/09
7 Mistakes of the Threshold Generation
A Few More…..
8. “Sure I have a suit, tie and shoes for the interview. I bought them 20 years ago and have hardly ever worn them!”
9. “Ok, the shirt is a little frayed, the suit’s sleeves are a little too short. Maybe I have put on a few pounds and can’t button the bottom button, so I’ll leave the jacket open.”
and….
10. “I’ve been in sales all my life and performed as a top producer. I can sell anything!”
11. “Don’t worry. I’ve aced every interview I’ve been on and always got the job.”
12. “I’ve sat behind my desk for 30 years and interviewed people before you were born. No thank you, I don’t need any coaching!”
YOUR NEXT MOVE…
Consider career evaluation early!
• Job may disappear• Health factors• Glass ceiling• Required to retire• Bad boss• Lost the passion
Plan your next move now!
• It is all about having choices
Goal (definition)Choices…a whole new world
opens up to you
10 New Rules For Work
First Three Are Key!
1. No Job Security
2. You Are the President of “You Inc.”
3. Always Be Looking For Your Next Job/Role
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Valli Swerdlow 703-615-3834 [email protected] @ valliswerdlow (twitter) http://www.valliassociates.com
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Plan Your Next Move
• Do it yourself books:
Plan Your Next Move
Do it yourself online:
• Join professional associations and consider becoming an active board member.
• Join a committee, volunteer.• Research top companies to work for - over 50.• Career One Stop Centers www.CareerOneStop.org• O*Net Online www.ONetCenter.org• Sign up and take courses at The Women’s Center
(www.TheWomensCenter.org) as well as at NOVA, local colleges and universities.
• Importance of an objective look at you
Plan Your Next Move
Values Skills
Interests Personality
Career &Life Style
Network
Health Finances
• Are You…
• …An Introvert?
• …An Extrovert?
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Plan Your Next Move
Year of the Introvert
It’s a little known fact that 50% of top executives are introverts!
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Plan Your Next Move
• Interviewing skills
• Know Your Strengths
• Introvert/Extrovert
• Resume Development
• Elevator Speech
• Training needs
• Develop a planDevelop a plan
Think Ahead
• Know your choices soonKnow your choices soon
• You can begin the connections earlierYou can begin the connections earlier
• Actually move into a position of Actually move into a position of enjoyment, discover your passionenjoyment, discover your passion– Because you want to, not because you have
to!Valli Swerdlow
VALLI Associates
BABY VOOMER™Career Coach and Executive Leadership Coach for Baby Boomers
www.ValliAssociates.com