If you’ve recently been outplaced and forced to take a part time job just to make ends meet, making the transition to full-time employment will be a challenge.
According to the Bureau of Labor Statistics, part-time jobs hit an all time high—over 28 million—as May 2013. These jobs typically have few, if any, employee benefits, such as healthcare and retirement. Worse yet, the jump in part-time jobs in May over April was 618,000—the fifth highest increase ever recorded. Combined with the 508,000 leap in part-time jobs in April, it’s the largest two-month rise in part time-jobs in history. Full time jobs, on the other hand, took a 266,000 nosedive in May.
While most younger workers and interns gain usable, saleable skills in their part-time jobs such as multitasking, hyper-organization and enhanced tech knowledge, the boomers are falling behind. For the underemployed 50 and older, part time jobs have little to do with acquiring any new skills or tech knowledge. These aging underemployed end up in low-level retail and healthcare positions, driving a taxi, or manning phones in “boiler rooms.” They often must take two or even three part-time jobs to meet the expenses their once high-salaried jobs covered.
The good news is that boomers will soon be in demand, giving them the leverage to transition from low-paying part time jobs to better jobs with more benefits. Millions of boomers will soon be retiring, ramping up the demand for seasoned, mature workers who have the people skills many younger workers lack. "I'm expecting the worst labor shortage of our lifetime," says Jeff Taylor, founder and chairman of Monster.com. "If you look at the actual numbers, you have about seventy million baby boomers who are going to retire between now and 2015 and only thirty million younger workers to take their place at the entry level."
According to the Bureau's projected labor growth data for seniors, from 2006 to 2016, active workers between 55 and 64 will increase by 36.5 percent; workers 65-to-74 will jump by 83.4 percent; and workers over 75 will be up by 84.3 percent.
So where will the jobs be for boomers? The Occupational Outlook 2010-2011 projected that through 2018, most anticipated job growth for Americans will be finance jobs, especially financial examiners and jobs in investment, accounting, and auditing. Healthcare will also need mature workers, especially registered nurses, medical assistants, home health aides, dental hygienists, dental assistants, physical therapist aides, and physician assistants. Other fields that will value your maturity and seasoned skills will be management, scientific and technical services jobs, especially management analyst jobs, consulting services and computer systems design and related services.
If you’re stuck in a low-paying, no-benefits job, hone your resume to fit one of the above fields, sharpen your interviewing skills, and use every contact you know to make the transition to full time employment.
Image courtesy of photostock/FreeDigitalPhotos.net
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