Did you know the oldest Baby Boomers will turn 68 this year? While some members of the greatest generation have already entered the golden years of retirement, research suggests that many more will transition within the next 5 years—about 18% of the workforce in fact.
What does this mean for professionals on the earlier end of the career curve? Quite a bit actually. Here’s what to expect as the age composition of the workforce shifts.
You’re perfect for the job. Every qualification is a match. The position was practically made for your skillset. And yet…the offer never comes.
You can’t help but wonder what you did. Was it something you said? Something you didn’t say? Will this same “something” prevent you from getting other offers in the future?
As a career coach, I often talk people off the proverbial ledge when things like this happen.
Yes, a little self-reflection is important and indeed helpful. Look back at your resume, your interview, your various interactions with the decision-makers and ask yourself what you could have done differently. There’s always room for improvement.
But recognize that sometimes it’s not about you at all.
You know that saying, “It’s not personal; it’s business”? Well, sometimes it really is true—though, of course, not always. Sometimes, it’s most definitely personal. Continue reading
Managers face enormous challenges in trying to understand how they can they better lead themselves, their teams or their business units. They need to be able to think clearly, make high-quality decisions, effectively manage daily stressors and emotions, bounce-back from setbacks, and perhaps most critically – they must constantly develop their in-the-moment behaviors to be able to work effectively within others inside and outside their organization. Positive leadership focuses on developing the behaviors, attitudes and thinking skills necessary to allow managers to perform at their best in the everyday moments they face in the workplace — because it is in these moments that leadership actually happens.
To survive in today’s fast-changing business landscape, organizations must move quickly and seamlessly. Economic fluctuations, shifting hiring patterns, new globalization trends and much more demand rapid strategic response. But too often, even accomplished leaders fail to recognize when and how to execute the changes their organizations need to survive.
So what makes successful strategic change so challenging? Continue reading
Meet Rudi Strobl, a mid-market private equity CEO and Operating Executive who has fueled more than $1.5B in enterprise value creation through acquisitions and restructurings in the U.S. and Europe. Rudi’s career experiences have taken him across multiple industries and geographies, instilling a focus on people, process and outcomes that prepared him for leadership roles in the later stage of his career. Rudi is Ivy Exec’s Featured Mentor this February.
In a live interview on February 26th, Rudi will share some of the lessons he’s learned along the way, including:
- The pros and cons of a generalist vs. a specialist career track and how they can co-exist
- The challenges and opportunities of building your career in a foreign country
- Why having a career plan with built-in optionality is essential
- How to abbreviate your career learning curve and avoid blind alleys
- How you can build more job satisfaction into your career
One All Access member who submits a question during the interview will be chosen to meet 1-on-1 with Rudi by phone or skype to explore his/her career questions in more detail.
Rudi Strobl is a mid-market private equity CEO and Operating Executive who works with private equity funds focused on making control investments in companies across a diverse range of manufacturing industries. Often these companies are experiencing a period of transition, or are challenged to make immediate and significant changes. Most recently, Rudi was with Platinum Equity where he served as CEO of portfolio companies and led operational interventions, as well as the integration of bolt-on acquisitions. Rudi is a native of Austria and holds a Ph.D. from the University of Salzburg.
“I can’t make a career change. I’ve got a mortgage to pay, and I couldn’t match my current salary doing something else.”
“There’s no way I can get another degree. I have two kids to put through college 10 years from now.”
“I could never start a business. We need the health insurance from my job.”
I hear comments like this frequently from people who are unhappy at work. Their job is so stressful that it’s intruding on their family life or ruining their health, yet they feel trapped and powerless to make a change.
If you’re among them, there is a way out.
One of the most important things you can do for your career is to get your finances in order. Most Americans don’t consider how much their decisions about which house to buy or what car they will drive affect the freedom they have in their careers, but the impact of these decisions over a lifetime is massive. Each time we add a fixed cost to our overhead, we’re reducing the money available to put toward reaching goals — personal or professional — that go beyond buying things. Not having a substantial cash cushion can close off a lot of intriguing career opportunities. Continue reading