Threshold GenerationValli Swerdlow

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, valli2345@yahoo.com, @ vallicoach (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 StyleNetwork

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 AssociatesExecutive Leadership and Career Coach

www.ValliAssociates.com