2018 Baby Boomer Predictions
You can look back at the predictions and prognostications by a many of the same experts last year in the post 10 Career Experts Share Their 2017 Baby Boomer Predictions.
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10 Expert Predictions for 2018
Skill and experience will be highly valued …
Chris Farrell, Author of Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community, and the Good Life
LinkedIn: Chris Farrell
Skill and experience will be highly valued by employers in 2018. That’s the message in the low unemployment rate. The business press is running story after story with senior management complaining about the lack of qualified workers. Yes, age discrimination is real and still exists. But the current economic environment gives that experienced worker more leverage with employers. If my prediction that the tight job market will continue in 2018 is right, my recommendation is to take advantage of the market to negotiate your next stage. Want to work part-time? Your employer will probably listen. Thinking about changing careers? Do it now when managers are eager to hire. This year is a good year to take a risk for your next chapter.
Diversity-at-work Conversation …
Marci Alboher, VP Encore.org and author of The Encore Career Handbook: How to Make a Living and a Difference in the Second Half of Life
Age will start becoming a part of the ‘diversity-at-work’ conversation. And employers will start to tout age-diverse, multigenerational workplaces and teams as a selling point when recruiting. This trend will take hold first in the nonprofit sector and around mission-focused work, but will eventually leak into all corners of the economy.
In the gig economy, employers very seldom worry about someone being “overqualified” …
Susan Joyce, NETability, Inc.
LinkedIn: Susan Joyce
In the gig economy, employers very seldom worry about someone being “overqualified” or the other concerns they often have when considering hiring a Boomer for a “permanent” job. When I was laid off from my last corporate job in 1994, an outplacement counselor shared very wise advice with those of us who were “older” (40’s and above) which I’ve seen to be true: While employers are often uneasy hiring a new employee who has gray hair, they are often very comfortable hiring a consultant or temporary employee who has gray hair. Gray hair on a consultant signals experience, wisdom, and skill.
Remote/Virtual work can be a viable option in 2018 …
Richard Eisenberg, PBS Next Avenue
Remote/virtual work can be a viable option in 2018. It’s much easier to find opportunities through sites like Flexjobs.com and Remote.co. And employers are increasingly looking for ways to get the work done without hiring full-time, on-premises employees, which makes them more likely to offer work remotely or virtually. But job seekers must understand that some of these jobs don’t pay extraordinarily well. And some types of jobs are far more suitable for working remotely or virtually than others.
More people aged 65 or older are working now than in the last 55 years …
Brie Reynolds, Flexjobs
Baby Boomers should keep this in mind for 2018: More people aged 65 or older are working now than in the last 55 years, according to the Bureau of Labor Statistics. What’s the lesson here? For anyone in the second half of life looking for work and wondering if it’s even possible–it clearly is! Look how many people are doing it already. Whether it’s full-time or part-time work, employee or freelance/gig jobs, finding work that fits your needs and your life is entirely possible. Use resources like Career Pivot and FlexJobs to help you find your way. And as Marc says, find people who look, smell, and taste like you (aka, other boomers!) who are working, and get the inside scoop on how they made it happen.
The key word is ‘intermediation’ …
Neil Patrick, Neil Patrick Associates
The gig economy has been widely vilified in 2017, mostly for low pay and exploitative employment practices. The key word is ‘intermediation’. Surrendering ourselves to someone else’s intermediation enables the exploitative parts of the gig economy to function. Where someone else (Uber, Airbnb, Fiverr etc) owns and controls our access to their market, workers can be exploited and are pretty much powerless to negotiate terms. On the other hand, people who control their own routes to market have the power to determine their own terms of engagement. They determine the price they charge; which gigs they accept or decline. The gig economy is now a thing. Whether it is a good thing or a bad thing for each of us depends entirely on whether we have figured out how to make it work to our advantage.
Boomers will successfully find employment by convincing young interviewers …
Toby Haberkorn, Author of Best Job Search Tips for Age 60-Plus
LinkedIn: Toby Haberkorn
In 2018, I predict that many Boomers will successfully find employment by convincing young interviewers that they have up-to-date experience, high energy to manage the workload and, of course, have a cheerful can-do attitude. In addition, Boomers will also give examples of positive experiences working with younger employees, who may have been their colleagues or managers. By being able to show successful collaboration with this younger workforce, Boomers will significantly increase their chances of being hired and fitting into the company culture.
Baby Boomers will attract employers who see their resilience and persistence …
Mark Anthony Dyson, The Voice of Job Seekers
LinkedIn: Mark Anthony Dyson
Baby Boomers will attract employers who see their resilience and persistence as a major asset to their company, especially those who embrace technology. Baby Boomers know how to ride the economic roller coaster and find timeless suggestions, solutions, and tactics to long-term problems.
Regardless of where they’re working, Boomers need to adopt the mindset of a consultant …
John Tarnoff, Reinvention Group LLC and author of Boomer Reinvention: How to Create Your Dream Career Over 50?
LinkedIn: John Tarnoff
Jobs are going away, little by little. The concept of long-term employment that we grew up with is being replaced by more freelance work, aka, the “gig economy.” Regardless of where they’re working, Boomers need to adopt the mindset of a consultant, delivering value to a client vs. as an employee taking direction from a manager.
In 2018, many Baby Boomers will leave their full-time jobs and go back to work …
Phyllis Mufson, Catalyst for Personal & Professional Growth
LinkedIn: Phyllis Mufson
In 2018, many Baby Boomers will leave their full-time jobs and go right back to work. They’ll want to use their skills and also to put off the time they’ll be drawing on their retirement savings. However; they want more flexibility and free time. In my community with many older residents, I see many ‘retirees’ working, sometimes into their 80’s. New retirees will build their own solutions from such examples as my neighbor, a retired college professor who taught online classes in her field. As she ages, she’s cut back to one class a semester. A retired social worker watches over several elderly people, visiting weekly, monitoring their care, and reporting to their families. Or, a retired nurse who works sporadically on a healthcare hotline between travels.
2018 will be the year that companies will have to look at older candidates …
LinkedIn: Marc Miller
2018 will be the year that companies will have to look at older candidates to fill vital positions. It is the combination of retiring Baby Boomers, the opioid epidemic, reduced birth rates and restrictions on immigration that will require companies to expand their hiring practices in a very tight job market.
So what do you think? Write a comment below with your Baby Boomer predictions for 2018.Marc Miller
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