63% of jobseekers of age 45 and above have remained unemployed for over a year now, reveals a new study. This startling statistic suggests that Gen-X workers face a massive unemployment crisis, and the pandemic has only added to the challenge.
Widespread digital adoption across industries and reluctance among these workers to upskill themselves are the main barriers to overcoming this crisis. Further, hiring managers seem to have an unwarranted bias against the Gen-X and feel the younger generation is more application-ready. Is there truth in this judgment? Is mid-career crisis real? Let’s find out!
Mid-Career Crisis – It’s for real!
Most of the Gen-X hardly realize that there is no room for complacence when it comes to being job-ready. With decades of experience, you may think that finding a new job or even sustaining your current one will be no issue. But, believe it or not, the job market is extremely competitive, and there are only two avenues – Perform or Perish.
Global research by Generation– a not-for-profit organization, found that hiring managers perceive employees in their 45s and older to be the least qualified and most underprepared. Among the top reasons driving this perception were the unwillingness displayed by older workers in upgrading to new technologies, reluctance to add new skills and apathy towards other generation workers.
Employers are no longer looking at what you already know. They are keen on finding how you can help them stay resilient to change. Gen-X workers must wake up to the reality that they are becoming redundant in the modern employment landscape.
The key is to up your game and be ready to face the challenge than to accept defeat and quit.
Mid-Career Challenges – Survive, Succeed and Sustain
Employers worldwide have raised the bar when it comes to expectations from their employees’ skills. It’s quite a quantum leap from what it was a couple of years ago. In fact, job-specific skill requirements have become more advanced for 73% of entry-level positions and upto 63% of intermediate roles. How can the Gen-X live upto this challenge?
Amid this dynamic and challenging job market, let us offer some tips for the mid-career workers to help them relaunch themselves:
Employers do prefer younger workers, as they find them more agile and application-ready. It is a matter of survival of the fittest. Welcome change, but be resilient. Upskill yourself with the in-demand skills and make yourself relevant in this competitive landscape.
Get your priorities right.
When you don’t see a lot of opportunities coming your way, it is wise to expand your search.Take a moment to reflect on your priorities. This will help you pursue the right opportunities at the right time at the right place.
Be open and flexible.
Be prepared to try out other roles. It may even take you closer to your larger goals or springboard you to that perfect job you had yearned for.
Rethink your career path.
Find out how your skills, interests, and experience can be applied outside your current role. This will give you better insights into the roles you would like to take on as a career.
Expand your network.
Take time to strengthen your professional network. Be active and participate in professional networking platforms. Did you know? At least 70% of the best jobs aren’t advertised. You don’t want to miss out on those hidden opportunities. Do you?
Get ready to scale boundaries.
The remote working culture has virtually erased the workplace boundaries. There is no limit to the kind of opportunities you can explore when you are remote-ready.
Reinvent and Reboot
As you hit the mid-40s, possibilities begin to fade, options remain restrained, and you have to deal with several other limitations. But this is also the time to reflect on your capabilities. Do not get intimidated by the ageist biases and misconceptions about mid-career malaise. But face the challenge head-on. Reinvent and reboot yourself. Because if not now, when?