As the spring crop of college graduates enters the workforce, seasoned workers can do several things to ratchet to up their value in the job market, says a professor at Texas A&M University who teaches and conducts research in the area of human resource management.
“On the whole, there is still a good demand for people who want to work,” says Ryan Zimmerman, whose research has been widely published in such publications as Journal of Applied Psychology, Personnel Psychology, Human Resource Management and the International Journal of Selection and Assessment.
“The key is to not let yourself stagnate. Keep your skills up-to-date and network – whatever you can do to remain marketable – and above all, remain flexible. I think it’s good when a person in a position for a long time decides to learn something new. It’s good for the employee and it’s good for the organization.”
Such freshening gives workers more options, such as promotion within an existing organization or moving into a higher-paying job elsewhere, he says.
Additional jobs are opening up as the baby boomers retire, Zimmerman says, and many employers prefer replacement workers who have some experience. The pool of older employees is growing faster than the younger workers, as the Bureau of Labor Statistics estimates between 1998 and 2015 the population of people 55 and older will grow by 5.2 percent, while the population of people 16-54 will only grow by 1.6 percent. The number of those 65 and older is expected to grow by 3.2 percent between 2015 and 2025, while the 16-64 age bracket will only grow by .8 percent.
Many individuals reaching retirement age plan to stay in the workforce, as indicated in an AARP report that states about 80 percent of baby boomers plan on working past retirement age.
Many companies value the older workers so much, they are building in programs and bonuses to retain retirement-age workers through their 60s and even 70s, Zimmerman says.
“These people represent a lot of institutional knowledge and experience that the company can’t get elsewhere, and companies are finding it difficult to capture that knowledge," he says. “I don’t think the negative is in being older, it’s in being out of date with your skills – and that is fairly easy to solve.Familiarity with computer programs and advanced training are two areas that are fairly easy to attain through professional organizations or community programs.
“A lot of companies offer tuition reimbursement so not only are they paying for your education, a lot of times they’re giving you time off work to go do it,” Zimmerman says. “If you don’t, you’re missing out on a great opportunity.”Zimmerman also recommends that workers of any age make an effort to network, both with others in their own field and people outside their immediate circle.
Fear of change is a big constraint for older workers, but Zimmerman says change can be invigorating. He recommends that older workers take an interest inventory to see what other job avenues exist. “That way you can kind of shop around for what else you’d like to do in case you do go through a down-sizing or lay-off,” he says. “A little time spent on self-examination can turn into a whole new career, with a whole new set of rewards.”
Kelli Levey | newswise
Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik
RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
A stellar flare 10 times more powerful than anything seen on our sun has burst from an ultracool star almost the same size as Jupiter
A localization phenomenon boosts the accuracy of solving quantum many-body problems with quantum computers which are otherwise challenging for conventional computers. This brings such digital quantum simulation within reach on quantum devices available today.
Quantum computers promise to solve certain computational problems exponentially faster than any classical machine. “A particularly promising application is the...
The technology could revolutionize how information travels through data centers and artificial intelligence networks
Engineers at the University of California, Berkeley have built a new photonic switch that can control the direction of light passing through optical fibers...
Physicists observe how electron-hole pairs drift apart at ultrafast speed, but still remain strongly bound.
Modern electronics relies on ultrafast charge motion on ever shorter length scales. Physicists from Regensburg and Gothenburg have now succeeded in resolving a...
Engineers create novel optical devices, including a moth eye-inspired omnidirectional microwave antenna
A team of engineers at Tufts University has developed a series of 3D printed metamaterials with unique microwave or optical properties that go beyond what is...
17.04.2019 | Event News
15.04.2019 | Event News
09.04.2019 | Event News
18.04.2019 | Life Sciences
18.04.2019 | Physics and Astronomy
18.04.2019 | Life Sciences