stepping stones for career transition

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‘Stepping Stones for Career Transition’ Helping organisations bring out the best in their talent Helping individuals make positive and rewarding career choices www.pinpoint.ie SAI Pension Conference 2012 How to make your money last all of your life and howpolicymakers can help Prepared by John Deely BA MSc Occupational Psychologist with Pinpoint.

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Talk given to Society of Actuaries Pensions Conference on "How to make your money last all of your life and how policymakers can help" on the 27th September 2012. Ideas for extending one\'s career whether by necessity or by desire.

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Page 1: Stepping Stones for Career Transition

‘Stepping Stones for Career Transition’

Helping organisations bring out the best in their talent

Helping individuals make positive and rewarding career choices

www.pinpoint.ie

SAI Pension Conference 2012

How to make your money last all of your life and howpolicymakers can help

Prepared by John Deely BA MScOccupational Psychologist with

Pinpoint.

Page 2: Stepping Stones for Career Transition

Events that make us reflect on our career

Redundancy Pipped at an interview Significant birthdays New manager Peers moving ahead Life events An approach about a job

Page 3: Stepping Stones for Career Transition

Where Will You Be in Five Years?

Page 4: Stepping Stones for Career Transition

Health checks / Career Maintenance Am I enjoying my role as much as I was 6 months

ago? If yes,

Progress Satisfaction & Strengths People

If No, Explore Why? What can I do? Engaging help

Write your future CV for next 12 months. Does it fire you up?

Page 5: Stepping Stones for Career Transition

Challenges Habits Wrong career choice Clarity about your

strengths Gap Challenge of Change Income flexibility Well-being / nature of

the work Internet Network

Page 6: Stepping Stones for Career Transition

The Reality of Networking

I'd like to add you to my professional network on LinkedIn.

Over 50% of roles 77% of industry leaders Generosity Resilience References / Intelligence Diversity

Page 7: Stepping Stones for Career Transition

The Process of Change

1952 Lewin, Unfreezing, Moving, Refreezing 1969 Kubler-Ross, Denial, Anger, Bargaining,

depression Acceptance 1989 Rashford & Coghlan, Denying, Dodging, Doing,

sustaining Cut to the “moving and doing” 5 years before you plan

to retire. A phase of trial and error. Doing different things. Deepening your network.

Expanding extracurricular activities. Learning.

Page 8: Stepping Stones for Career Transition

Overnight Success

“You bet I arrived overnight. Over a few hundred nights in the Catskills, in vaudeville, in clubs and on Broadway.”

Danny Kaye

Page 9: Stepping Stones for Career Transition

Career Modes for Older Workers Consulting Free lance Part time Expert role Non-executive Mentoring / Training Interim Roles Web based opportunities Own Enterprise

Page 10: Stepping Stones for Career Transition

Older Entrepreneurs New business formation

up from 14.3% to 20.9% in 15 years in the US

55 to 65 year olds have the highest rate of entrepreneurial activity

25% of small business in the UK founded by over 50s

4 year study of start-ups 64% survival rate for start-ups by older people (vs 48% overall)

Page 11: Stepping Stones for Career Transition

Summary Review your career

before it reviews you The capacity for change

is a muscle which needs to be exercised.

Your network is an ecosystem which needs to be maintained.

Transition takes 3 to 5 years.

You may need to recruit yourself.

Page 12: Stepping Stones for Career Transition

Lastly, A Business Idea Talent pool with great

experience and proven track record.

Energetic and experienced.

Flexible, conscientious and committed.

A bespoke recruitment agency for older talent