Searching for work when you are 50 years+ can be daunting, frustrating and deflating. I talk to people on a weekly basis about this issue and their comments are always the same:
- “I’ve got all the qualifications, why can’t I get an interview?”
- “Why doesn’t anyone see my experience as a positive?”
- “Employers are only seeking young people!”
It is a tough market, but its tough for jobseekers at every level. Reality TV shows have mastered the art of shocking people into action by measuring their actual age against their physical age or mental age etc. It’s a wake up call for many. Imagine being told as a 35 year old women that you have the physical age of 48 years! Yikes!
Job seekers in the 50-something category could benefit from a ‘job seeker age test’. How old are you based on the content of your resume and comments made to employers? Many of you would be quite surprised by the results.
In my experience there are a number of mistakes mature job seekers make without realising it, that are far more damaging than their perceived idea of racism based on age. As a mature job seeker you have to ‘modernise’ your approach to compete in today’s market, not only in your resume, but your attitude as well.
Many mature jobseekers start their search with a pre-determined idea that no one will employ them because they are over 50 years. Self defeating thoughts will not help your cause. Sure, there are organisations that prefer younger employees, and sadly some that do discriminate, however, there are a number of companies who value the wealth of experience mature candidates offer.
I know a medium sized organisation here in Western Australia who actively seeks mature age candidates. In the Managing Directors own words “we prefer 2 part time mature employees to 1 full-time person. We’ve found their work ethic, output and longevity is much better than their younger counterparts”.
When it comes to staying young, a mind-lift beats a face-lift any day.
~Marty Bucella
As a mature job seeker you need to ask yourself how you present to an employer. Do you come across as confident, happy and motivated? Or have you become cynical, a product of your self-defeating thoughts?
- Do you call people ‘pet’, ‘lovey’ or ‘dear’?
- Have you made statements like “back in my day” or “way back when”?
- Is your resume as thick as a novel because you’ve included every position ever held?
- Are you including your date of birth, social security pension card number, dates of high school education and qualifications?
- Do you hand deliver applications despite the employer’s request for emails because you hate using the computer?
- Are you still submitting resumes that read like job descriptions because “they always worked for me in the past”?
- Do you rely on print media to source vacancies because you aren’t a computer person?
- At interviews have you asked how old other staff are to determine if you will have to work with “whipper snappers”?
- Do you give the impression at interview of wanting to take over? Eg. “I can teach him a thing or two with all my experience”
- Are you positively selling your experience … “I have a great deal of experience and skills which I can share with the team” as opposed to “I could teach these young pups a thing or two!”
- Do you make excuses for your age … one of the worst I ever heard as a recruiter was “I know you probably want someone younger” … this was during the interview – she already had one foot in the door!
Your attitude counts for a lot and will affect people’s impression of you. Be aware of your thoughts and focus on the positive aspects rather than the negative. I bet your job seeker age goes down in the process.
Michelle Lopez, Owner/Career Consultant
Australia’s ageing population presents a considerable challenge to Australia’s economy. After a generation of favourable demographics and a once-in-a-lifetime terms-of-trade boom, it will be old-fashioned hard work and Australian ingenuity that determines our economic future.
One of the least discussed causes of Australia’s economic success over the past half century has been our favourable demographics. Until recently, Australia had a relatively young population, flush with working age individuals and supported by rising labour force participation among women.
That period of unprecedented success is over and the labour market participation rate is now on the skids. That is set to continue over the next generation due to the retirement of the ‘baby boomers’ and relatively low fertility rates in Australia.
Reserve Bank of Australia assistant governor Chris Kent was in Adelaide today discussing some of the implications of an ageing population on Australia’s economy. Clearly this is an issue that is on the mind of the RBA’s top brass, and rightly so, with deputy governor Philip Lowe providing an excellent analysis back in March (Coming to terms with Australia’s stark economic reality, March 13).
The implications of this trend are vast and will fundamentally change the composition of Australia’s economy. The first concern is the number of workers, with the economy becoming increasingly reliant upon a smaller share of the population to drive growth and finance government services. The share of workers in health and aged care services is set to boom but the demand for teachers may ease.
More broadly domestic demand is expected to shift increasingly towards services. According to Kent, “services constitute a larger share of total consumption for older people than for the rest of the population.” The retail sector is set to be one of the biggest losers from Australia’s ageing (A new grey area for retailers, March 24).
Kent notes that “we can expect that ageing will lead to extra demand for services at the same time that it weighs on the supply of services.” That will inevitably push the price of services higher relative to goods. But we shouldn’t blame ageing entirely for this trend, productivity growth has been much higher in goods manufacturing than in services for a long time.
There are two other issues that warrant further discussion: government finances and risk-taking.
It’s widely accepted that an ageing population will narrow the tax base and weigh on tax revenues. At the same time it will increase the demand for government health and aged care services. The Productivity Commission estimates that an ageing population could increase aged care, aged pension and health care expenditures by around 7 percentage points of nominal GDP by 2059-60.
The aged pension will come under increasing pressure due to insufficient retirement savings. Superannuation has helped to some extent, but remains insufficient for many ‘baby boomers’. Unfortunately, the superannuation tax system largely favours the wealthy, offering tax concessions that accrue primarily to those who don’t need them.
Although as noted by RBA governor Glenn Stevens, there is also the risk that ‘baby boomers’ hold too much of their wealth in property and are particularly susceptible to a market correction (Have baby boomers made a big investment mistake? September 4).
Finally, Kent notes that older Australia’s have less tolerance for risk, “including those associated with new business ventures, developing new products and services, and pursuing innovation more generally.” None of that is a surprise but it suggests that an ageing population may create an impediment for productivity.
However, according to Kent an ageing population does provide some opportunities. But I’m not sure that longer working lives is what a lot of people have in mind when they think of opportunities.
Nevertheless, higher wages will encourage some older workers to either stay in the workforce or re-enter it. To some extent we are already seeing this process in action with the participation rate among older Australians increasing significantly over the past decade. That is a trend that should continue over the next generation.
Another important point is that a longer lifespan will necessitate a rise in national savings. That said, the performance of our superannuation industry — which charges exorbitant fees for subpar work — suggests that this may not be as beneficial as it first seems.
An ageing population presents a considerable challenge for the Australian economy. Innovation and productivity growth are the two keys to solving the riddle and they will ultimately determine our long-term standard of living.
The obvious issue though is that an ageing population tends to weigh on productivity and risk-taking. It also encourages greater consumption of services — a sector where productivity growth has historically been relatively low.
Nevertheless, we will have to boost investment and productivity growth if we hope to maintain our recent economic gains.
Source: Business Spectator