Why you need to read this if you are about to hit 40

When you are in your 20s you are a hot commodity in the business market. If you are smart, hard working, university graduate, and if market conditions are good , you will probably be snapped up for jobs. You will most likely have a few offers on the table and all you need to do, is choose one.

During the interview, you promise the world to your employer. You happily agree to work during weekends and public holidays if necessary, and you also have no problems agreeing to get a global pay regardless of how many hours you spend in the office. Employers like these young employees because they have no family obligations, no problem working into the night and the main thing is, most will take an entry level salary for the benefit of getting work experience.

You spend 10 years working for the company and quickly enough, you are well into your 30s. Your salary and benefits grew significantly, unfortunately well in line with your financial commitments. You are probably mortgaged up to your neck and you have two little ones in private nurseries that cost the earth. At this point, you are still putting in as many hours as you can, but then again, you are a parent too and you do want to see your children at least once a week before they are in bed. Your work experience can also play against you, if you are not in a leading management role by this point, you are most likely too expensive for your employers and they will probably look to replace you for someone younger and cheaper sooner or later.

You are now in your 40s and you find yourself working with eager -to- please 20 something colleagues, who have the energy to work 12 hour days and then go out for drinks every night. But all you are hoping to do , is finish your day and go home as quickly as you can to get some rest. You may find yourself with little or no common interests with your ever changing colleagues and you have no energy to socialize as before. Your salary and benefits are now almost as twice as your colleagues.

If you are currently employed in a company do a quick check and look around you. How many gray heads not in senior management positions do you see? If none or very few, then you are advised to continue reading this post.

Finding work after 50 in today’s market place is hard and some people will say impossible. Even though, it is now illegal to ask for your age when you are sending your CV due to age discrimination, any employer can easily deduce this from your work experience and the year you graduated from high school. Most, will never hear back from these potential employers and if you are not lucky enough to have strong personal connections somewhere that may help you find a new job, you find yourself competing against hundreds of young, eager, fresh, equipped with the latest technology and much much cheaper applicants. Recent studies show that the minimum time for people over 5o to find new work is over a year!

But, there is another option for people who are headed in this direction. The option to plan their career path carefully, while still in their early 40s. Thankfully, people can start they own businesses and take their destiny in their own hands. Starting 10 years ahead of what’s bound to happen gives you the chance and time to grow into a prosperous business when you are in your 50s. Starting a frantic business in a mad rush when you are 50 and freshly made redundant ,without giving the business the time to grow organically, will eventually end up in a disaster.

There is a clever old saying “Who is wise?” The one who sees the future.”

 

 

 

 

 

 

 

 

Added by iQDesk Ltd.

One thought on “Why you need to read this if you are about to hit 40

  1. It was interesting, when I was in corporate (33 years, left in 2011), I had 3 women who worked for me who were within 2 years of me. There were quite a few very close to my age. And shortly after I left, I believe that changed quite a bit…

    Starting your own business is great for those who want to do that. There are also some good smaller companies.

    :)

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