Quick and Quintessential Career & Job Tips
Job-hunting tips from the December 5, 2005 issue of QuintZine.
According to the Bureau of Labor Statistics, the number of workers ages 50 and over is projected to increase by 34 percent from 2003 to 2012, a net increase of 12.5 million workers. During the same time period, the number of workers ages 16-49 will increase by only 3 percent, a net increase of only 2.7 million workers. Monster and AARP realize the importance and resulting impact of this workforce shift and are working together to help employers navigate the looming labor shortage.
The jointly developed recruitment solution includes a variety of collaborative efforts, including a dedicated “50+ Worker Career Channel” and monthly e-newsletters to employers and 50+ job-seekers.
Here’s why: Many companies implement a new direction or strategy at the first of the year, resulting in a “first of the year” hiring surge. With new-year business strategies mapped out, companies start aggressively looking for resumes and interviewing new job candidates in November and December.
Oddly enough, while employers start hiring, job-seekers often decide to wait to mount their search until after the holidays, feeling that no one will be hiring until then, which creates an optimal job-seeking environment of more jobs and less competition!
The survey also reported that:
- 65 percent had encountered age discrimination in a job search — up from 58 percent who expressed that view in 2001.
- 73 percent had been unable to overcome interviewer or employer concerns regarding their age.
- 94 percent felt their age had resulted in their being eliminated for a particular position.
- 40 percent feared they would be forced into early retirement.
- 72 percent said they fear being victimized by age discrimination.
Another recent survey by exectivetalent.net reveals that senior executives in their 50s make less money than senior executives in their 40s. It takes twice as long for over-50 execs to find a new job compared with over-40 executives — and three times longer than senior execs in their 30s.
Review all our Quick and Quintessential Career & Job Tips.