Baby-Boomers, Here's Your Wake-Up Call
The workplace has changed dramatically. These days, there's more to maintaining a career than your day job. Get another oar in the water, fast.
I call baby-boomers the bushwhacked generation. Back in the early 1980s, when I began my career, the message to a new hire was "Welcome to XYZ Corporation! We’re so glad you are part of our team. We look forward to a long and happy employment relationship with you."
SEE OUR STORY: Social Networking for Job-Seeking Boomers
Hard as it is to admit, back then I was one of the people peddling that longtime-career Kool-Aid. I was a corporate human-relations person, one who never questioned the idea that if people came to work and put their shoulder to the wheel, they'd earn a nice living and climb the corporate ladder straight to retirement.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Now that the corporate ladder is sawdust under our feet, baby-boomers need to think differently. Longtime employment isn’t just elusive; it isn't even always a good thing. Every day I talk with employers who say "This candidate seems like a good guy, but I worry about him, too. He spent 26 years at his last job. Do you think this guy can flex, Liz?" In some respects, having many jobs with varying circumstances equips a job-seeker better for today's workplace than one longterm gig.
How is a baby-boomer to deal with the ever-shakier employment landscape? My advice: Grow new muscles. People need altitude on their careers now, and perspective they didn't need when a job search was a once-every-decade-or-so proposition. We need to be aware of the talent marketplace all the time. We have to know which business problems we solve for employers, whether we're job-hunting or not. More than anything, we need multiple oars in the water.
An oar in the water is a revenue stream and a way to exercise professional muscles. If you've been a W-2 type since forever, you likely haven't thought much about additional oars. (Our kids know all about them, however. As a 25-year-old in Denver told me, 'It drives my mom crazy that I've got a degree and five part-time jobs. She doesn't understand that I don't want one full-time gig. I make more money this way, and I don't lose sleep worrying whether my employer likes me or not.')
Back when, having a side job meant bartending or singing at weddings, something most corporate types would shun as too down-market for their tastes. Today, it's different. I encourage every working person to have a business card separate from the one your employer gave you. You could consult, advising overburdened businesspeople in your spare time. You could pick up freelance gigs from the comfort of your den. You can make money in a thousand ways without even blowing your professional cover.
Putting out a shingle isn't just a good idea financially; it's essential for your mojo, too. Solving other people's problems is the best way to grow your connecting-the-dots skills, the same skills we need to thrive in the new-millennium workplace. Here are three of our favorite oar-in-the-water options for otherwise-committed W-2 types.
"Elance" Your Knowledge
Elance.com pairs freelance workers with projects they can complete from home. Projects range from tiny (a graphic designer paying $35 for a more fluid bio than she could write herself) to gargantuan (a six-month project with a five-figure payoff). If you want to put a toe in the second-revenue stream, this is one great way to begin.
Blog About What You Know
Every day I talk with baby-boomers who are experts on all sorts of subjects – including areas of expertise they get paid for at work and ones they've cultivated over the years on their own, outside of work. I recommend that people who know a lot about anything at all start a blog or a Facebook page, to get the "sharing what I know" juice flowing and to enable other enthusiasts in the same space to find them. You'll be amazed what happens when you start writing regularly about topics that interest you, especially when your advice can help other people. It's free to start your own blog at wordpress.com. The blog itself may turn into a revenue generator for you, or the contacts you make via your blog may create financial opportunities (or both). What are you waiting for?
Get a Business Card
When it comes to oars in the water, the big message is "Be available when opportunities arise." To get started, go to Vistaprint.com and get business cards that brand you as something other than your company's assistant manager of whatever. I want you to get business cards, no matter what your work situation is – they cost almost nothing. You can worry about the actual business later.
Sadly, we've taught the baby-boom generation that entrepreneurism is something exotic and risky, not suitable for the average person – absolute hogwash that would have horrified our grandparents. My friend Jody, unsure how to brand herself, ordered business cards that displayed her name over the tagline "Available for Lunch." Those cards got her fantastic freelance jobs and ultimately a terrific W-2 gig. You don't have to pick a business name, design your offerings or create a business plan, at least not yet. Just get out there and start talking to people about their issues. You'll be amazed how fast your new-millennium workplace muscles grow.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Stock Market Today: Stocks Close Mixed Amid War Angst, Nvidia Anxiety
Markets went into risk-off mode amid rising geopolitical tensions and high anxiety ahead of bellwether Nvidia's earnings report.
By Dan Burrows Published
-
What the Comcast Cable Spinoff Means for Investors
Comcast has announced plans to spin off select cable networks and digital assets into a separate publicly traded company. Here's what you need to know.
By Joey Solitro Published
-
How to Ask for a Pay Raise in 5 Easy Steps
careers When it comes to asking your boss for more money, all you need is good timing and the right preparation.
By Erin Burt Published
-
7 Foreign Countries Luring Americans to Work Abroad During the Pandemic
careers Work remotely – really remotely – in these appealing destinations offering special visas for American workers.
By Sean Lengell Published
-
Myths and Realities of Employment Law
business There are fewer "illegal" interview questions than you might think. And you may feel your workplace is hostile, but would a civil court judge agree?
By Liz Ryan Published
-
What's Your Interview Style?
business Here's a look at four distinct behaviors HR directors see all the time and how you can present yourself in the best light.
By Liz Ryan Published
-
4 Sticky Job-Interview Situations and How to Handle Them
business The person you are supposed to meet isn’t in the office. Or they want you to dish gossip on your previous employer. Here's how to finesse such awkward moments.
By Liz Ryan Published
-
Interviewer Asking for Your Facebook Password? Be Wary
business If a potential employer requests that you hand over your log-in information to social media sites during an interview, expect worse if you're hired.
By Liz Ryan Published
-
Planning to Ask for a Pay Raise? Prepare First
business Before talking with your boss, make sure you're presenting the best case as to why you deserve a salary increase.
By Liz Ryan Published
-
Social Networking for Job-Seeking Boomers
business Advice for seasoned professionals on how to benefit from social media during a job search.
By Liz Ryan Published