Career Development Plan??
Most of us who joined the workforce during the 60’s, 70’s or 80’s remember sitting down with our managers once a year to work on a career development plan. That was when you started your career with one company and planned to stay there for thirty or more years. I started my career in the late 1970’s working for IBM.
I did not appreciate the value of doing those plans back then.
Boy, those days are over!
I was asked the other day about the value of creating career development plans for those of us who are in the second half of our working lives? Our employers no longer get invested in our career development. After all, the average employee stays 4.4 years. Who cares?
I sure hope it is you!
This post was originally published in July of 2017 and was updated in January of 2020.
Baby boomer career development plan
So, sit yourself down and create your own career development plan. You will see at the end of this post why this should look like a business development plan rather than a traditional career development plan.
What do you want?
The first question to address is what do you want to do in your career and life?
For many of us, what we wanted at the beginning and the middle of our career is no longer valid.
What I now want in life is highly correlated with what I want out of my career.
Do you still want to work for the “man”? I hit that boundary almost 10 years ago when I had an unethical boss.
This can be very hard for many of us. We rarely have thought about what we want to do versus what will employers be willing to pay us to do.
If you plan on working into your 70s now is the time to create a career development plan that will get you there.
What is the Direction of Your Industry?
The second question is what direction is the industry heading? Creative destruction is playing havoc with so many industries.
You need to keep track of the pulse of your industry. What are the strategic directions? How do trends in your industry correlate with what you want to do? If they do not match up, you may need to go back to step one OR look at a different industry or career path.
Things are changing so fast that you do not want to end up in a career disaster area like a few my clients landed in at the age of 65.
For most of us in the 2nd half of life what we did in the past no longer aligns with what we want to do in the future. We just need to make sure our industry outlasts our plans to transition out.
The third question is, what skills do you currently have and what skills do you need to acquire? Many of us in the second half of our work-life did not think we needed to acquire any more skills.
Boy, were we wrong!
Technology is changing the world at an incredible pace and no one can afford to ignore the ways it’s morphing the work world.
If you think your career will not be affected by automation or robots, then you are smoking something and you are inhaling.
You are probably saying to yourself, “I need to go back to school and get another college degree.”
For most of us that will be a money pit. Read my post – College Degree After 50 – Worth It? but make sure you read the comments which are quite fascinating.
Start looking at online training, certifications and other forms of online learning.
The fourth question is what skills do you want to leave behind. Many of us have acquired skills that are not tied to our talents. If you are not sure you can differentiate your talents from your skills please read Talents versus Skills – Do you know the difference?
Just because we are good at something does not mean we have to continue to use that skill. There will be times when we just want to leave things behind.
Promoting Your Personal Brand
The fifth question is, how do you integrate these new skills into your online presence (LinkedIn profile, blog, Twitter feed …), your resume and your personal brand? How are we going to advertise and actively promote our newly-acquired skills?
A good place to start is to create a blog. If you say what, please take the time to listen to my interview with Barbara Weibel, owner of the HoleInTheDonut.com travel blog. Listen to the interview here — Inspiring Story from One of the Top Baby Boomer Travel Bloggers [Podcast].
Once you have started a blog, the next logical step is to write a book. When I ask people whether they have considered writing a book, they look at me and go, “huh?” Today you can do this at a very reasonable cost.
Writing the Plan
This final step is the new piece of your career development plan. How is anyone going to know that you know your stuff?
Many of us in the 2nd half of life are leaving the corporate world and entering the world of entrepreneurship. If you’re one of them, you absolutely have to add the promotion step to your career development plan.
Essentially, you are moving away from writing a career development plan and working on a business development plan.
The business is YOU!
When you start looking at what you do as a business rather than being an employee the plan changes.
When are you going to start working on your career development plan or rather your business development plan?