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Managing your Career after 50
Career Strategies Critical for Your Financial and Personal Well Being

"The major reason for setting a goal is for what it makes of you to accomplish it. What it makes of you will always be the far greater value than what you get." ---Jim Rohn

Managing your Career After 50

Successfully managing your own career after 50 is critical for your financial and personal well being. Yet it is rarely pursued on a strategic or informed basis.

Career planning is more and more the responsibility of the individual. Particularly, since most people today end up working for many employers. The overall basis for more successful career management includes developing career plans that are applicable at different stages in your career.

Although living in the information age, there is few comprehensive career information and planning resources available online. Exploring career opportunities versus job information is more readily available once you have focused on a career path, such as technology or even further, within a specific industry.

Career training in college consists largely on how to interview and write a resume. There seems to be limited formal training programs available about career choices. 

When employed the employer generally provides training, successive jobs, and a defined career ladder to the degree that it unites with the organization's needs and objectives. Career coaches mainly work via large employers and focus on building leadership skills, not generally on developing career plans.

Outplacement counselors generally help people focus on job searches rather than career plans. Recruiters are looking to fill job positions with top candidates for employers who are their clients and normally do not provide career planning services for individuals.

Career Planning Three Major Phases

We can generally fit career planning as having three major phases: early stage from ages 16 to 33; middle, from 34 to 50; and later, beyond 50.

Many times, early career choices are highly influenced by parents, relatives, teachers or close friends. The choices of technical schools, colleges or graduate schools, as well as majors, begin to focus interests for career paths. It is important, in the early stages of a career planning, to carefully make choices, as initial decisions can have a major impact on longer term career success and ultimately, happiness.

Midlife career planning and effort usually reflects the initial experiences and jobs one has had with his or her early career. It generally is an extension of that experience. At this stage, there may be a thread of a career track, but job moves and knowledge growth during this phase that are not well planned or executed can result in important limits to career-growth.

Late-stage after 50 career planning frequently results from the need to find the right position in one's career after an early retirement or a reduction in force. Career choices at this stage generally reflect more entrepreneurial, part time, and sometimes flexible working arrangements.

Summary Career Planning

This is when traditional employment limitations as well as long developed interests come more into focus. Career planning at each stage of a person's working career can best be analyzed by considering the following:

(1) Take stock of your career. Define your career and objectives at regular intervals preferably at least once a year. Do it in writing.

(2) Research and identify possible career options that could meet those career objectives.

(3) Evaluate your skills, personality, training and experience. Develop a plan so you can pursue your career objectives.

(4) Make a decision as to which career options are the best. Build a plan in the near, medium and long term to reach your career objectives.

(5) Be flexible as you monitor your progress in managing your career after 50.

Refine the plan, challenge yourself. It's critical for you to invest in career planning during each stage of a successful career for short-, medium-and long-term achievement. Ask yourself, are you following a well defined career road map or simply working a succession of jobs? If you said yes to the latter, it's never to late to get started on your career change planning.

John Groth
May 13, 2011

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