Well Qualified—but Unemployable?
For decades, the skilled, hardworking employee had little to worry about. Even in hard times, they generally could switch firms and find new roles. But that’s no longer true. Korn Ferry experts highlight why a growing number of well-qualified people can’t find a job. Plus, why forgetfulness is becoming a hot topic at the office.
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1) The New ‘Unemployables’: A Scary Future
HR experts and career pros say that something scary is happening for many people: They can’t find a role, even in a relatively robust job market. For the last two years, the sidelines of the job market have been filled with competent and trained workers who are perfectly employable—people who have excelled in fields from marketing to finance to data analysis. They’re the reason experts say they’re seeing a growing frenzy to find work.
The situation has become so acute that half of people report they are completely burned-out by the job-hiring process. In most cases, these new unemployables are only just coming to grips with reality. Indeed, since all age groups are now affected, many long-tenured workers have been caught off guard.
Read the full article here.
2) I Forgot
Conflating names. Missing meetings. Forgetting details. Questions about cognitive abilities don’t affect only presidential candidates and senators: Every day, 10,000 Americans turn 65, and they are unretiring—or not retiring at all—at record rates. A December survey by ResumeBuilder found that 12% of retirees are expected to return to work in 2024. Roughly 80 million Americans will be over the age of 65 by 2040.
In the past, companies simply stashed older employees in noncritical jobs and waited for them to hit retirement age. But today, as they welcome experienced employees and accommodate them as legally required, companies must balance organizational needs and safety in a workforce that may be facing cognitive decline (or appear that way to younger colleagues). It’s a sensitive topic, and difficult to address head-on.
Read the full article here.
3) Briefings Podcast: Bouncing Back from a Layoff
Good economy or not, four in ten companies expect to make layoffs this year. Two experts explore how people can recover from what can be a huge setback.
Other Must-Reads from Korn Ferry
Beware the ‘Quiet Vacation’ - One in eight employees has already planned a non-PTO trip this summer.
CEO: I’m an Imposter - More than seven in 10 top bosses tell Korn Ferry they sometimes feel they’re not equipped to handle the job. Why?
Who Do We Support? - Korn Ferry CEO Gary Burnison argues that it’s a leader’s responsibility to inspire both connection and conviction.
Check out Briefings, our bimonthly national magazine, for in-depth and unusual looks at critical leadership issues.
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4wGhosting
Looking forward, I am eager to apply my expertise and continue growing professionally. Em busca de recolocação.
1moGood point!
Currently Managing Partner of GIMS and Partners (HR /Organisational Development Consulting Services . Been Human Resources Director @ Homart Pharmaceuticals Pty Ltd | Certified Facilitator and Training , MA in HRM
1moThanks for this realistic message. A good friend of mine is well educated and is in his mid-50s His major was in HR and Organizational Behavior. He was born in Australia. He told me that when he sent out his CV people looked at his years of experience and he found the "kind reject letter" in his email inbox. That happened not only once! I pampered and coached him and asked him to try to go into his own business. He did it and it's now 2 years. He has a different paradigm now, he believes that he does not have to be employed by an employer, and as long as he has the knowledge, skills, creditability, and a growth mindset, he can make it. He called me last week and said that he is now making as much as he was working in his previous job and is happy to go on. He is satisfied that he made that decision and never questioned his skills and knowledge anymore. He is now attending a change management and facilitation program to upskill himself. Therefore, we must believe that when one door is closed, another one will be opened. We must change our paradigm in looking at things from a different perspective. I told him, it's not easy but he's getting there! Cheers
👋 Another tool to break through in today’s #jobsearch is to create a one-page visual of your career journey highlighting your experience, impact, and ambitions. It works great before the interview as a pre-read, a backdrop during the interview, or post-interview follow-up attachment to stand out from the other candidates. Download and create yours at aboutmetemplates.com
Executive Career Advisor ➡️ HR Consultant ➡️ Job Search Strategist ➡️ 10 years in the field
1moWell, this is debatable. Economic development and demographic changes drive changes in employment, and what’s happening now it’s typical for the contracting economic cycle. It has happened before and will again.