Job market and Age
April 17, 2012 in Management
Job market has changed significantly. Earlier an employee may think of retirement from single organization. Today, retirement age is coming down. Management is injecting fresh blood at every level. An employee loose significance after 10 years in same organization unless you are sitting at very top slot. People around me are changing jobs very rapidly. IT boom may be reason of some changes. However, Infosys shocked the world by not giving increment this time citing the challenging environment. All HR policies change from good to bad times or vice versa.
Coming back to age discussion, managing mid-age career change is difficult. We all go through it. Complacency takes over your dream. You want to consolidate the realistic dream. But this has one big downside. After 45, you hardly have any offer coming your way. You have to just rely on loyalty factor. Before reaching 45, you need to reach at core creamy layer or start some independent business. Otherwise, juniors will sit over you and will block your career growth.
Market bubbles are bursting cycle has reduced. Same is true with technology changes. One has to keep updating knowledge and should be at right place at right time which needs some dose of luck.
If you are dreaming to live productive life, you need to align yourself with current realities. Making smart changes may take you at height.
