The people and businesses that have thrived in the wake of a major crisis are those who’ve been proactively creative. By that I mean that they’ve purposefully and strategically invented new and different jobs or careers for themselves, or products and services that are particularly well suited to the postcrisis economy.
At 50+, it was “a growing up moment” for her, Venice Strachan-Singh says. Like many job seekers in this age cohort, trying to replicate a previous job is tricky, and the rejection can be shattering. “I thought I was such a star at what I did, and it would be a breeze to find another job, but it was a tremendous blow to my ego,” she says. “My self-esteem went down the tubes.”
In January 2021, 275,000 women dropped out of the labor force, amounting to roughly 80% of all workers over the age 20 who exited the workforce last month. The total number of women who have exited the labor force since February 2020 comes to more than 2.3 million. By comparison, nearly 1.8 million men have left the labor force during this same time frame.
The pandemic intensified the labor market inequities older workers faced in securing jobs. It is quite probable that COVID-19 will force many workers in their 50s into an early retirement or gig jobs.
“One of my mentors, in his 80s at the time, once told me it’s a lot more important to be interested than to be interesting,” Marc Freedman, founder and chief executive of Encore.org and the author of “How to Live Forever: The Enduring Power of Connecting the Generations” says.
The glimmers of hope for 2021 are flickering in the gloaming. But before you set aside your dog-eared 2020 calendar, there are a few pieces of business to attend to when it comes to your financial health and wealth. Here are 10 moves to make before year-end.
The COVID-19 pandemic has negatively affected the mental health of 78% of the global workforce. Meantime, a whopping 85% of people say their mental health issues at work negatively affect their home life.
The workplace is transforming before our eyes. And jobs are the story, as populations world-wide continue to age and confront the impact of longevity and financial security.
One thing we lose when we work from home is the energy, engagement and positive vibes we get from laughing at a co-worker’s joke, making eye contact with someone and smiling, or kibitzing as we wait for the coffee to brew.
It may be a campaign tactic, but older workers be forewarned. Ageism runs deep in our culture–especially in the workplace.