As the workforce evolves, so do career paths. A growing trend among professionals over 50 is reshaping how we think about work, retirement, and lifelong fulfilment. Research from the Phoenix Insights think tank shows that a third of individuals aged 45 to 54 anticipate changing careers before retiring. This shift, termed “second careers,” highlights the opportunities and challenges for both workers and employers.
The Rise of Second Careers
Gone are the days of working for the same company for 40 years and retiring with a clock and a pension. Today’s professionals, particularly those aged 50 and older, are seeking new opportunities that align with their passions, values, and skills. With over 3.5 million people in this age group economically inactive, second and third careers can unlock untapped potential, boosting personal fulfilment and the broader economy.
Midlife career changes can bring wage growth and a greater likelihood of remaining active in the workforce into one’s sixties, according to studies by the OECD. For businesses, the influx of seasoned talent offers fresh perspectives and contributes to building multi-generational teams that thrive on diversity and experience.
Breaking Through Barriers
Despite their value, older workers face significant challenges. Statistics reveal that only one-third of firms would consider hiring individuals aged 50 to 55. This ageism underscores the need for businesses to embrace inclusivity and provide reskilling opportunities.
Lyndsey Simpson, CEO of 55/Redefined, emphasises that age-inclusive policies benefit both employees and employers. “Businesses that embrace reskilling will unlock the potential of this experienced and loyal workforce. If you’re not thinking about age diversity, you’re missing a key part of building a stronger, more successful future for everyone.”
Top Careers for Reinvention
Many over-50s gravitate towards purpose-driven careers, including roles in charity, youth work, and environmental sectors. These jobs allow them to channel their values and make a meaningful impact.
Take Tim Jacques, a former counter-terrorism officer who transitioned to leading a youth charity. Jacques applied his leadership and relationship-building skills to a completely new sector, proving that transferable skills can open doors to fulfilling second careers.
How SERT Can Help
At SERT, we specialise in supporting professionals looking to reinvent their careers. From recruitment services tailored to match skills with new industries to upskilling opportunities in areas like digital proficiency, we empower individuals to confidently take the next step.
Our approach focuses on identifying transferable skills, leveraging professional networks, and offering flexible training solutions. Whether you're starting fresh or pivoting to align with your passions, SERT provides the tools and guidance you need for success.
Tips for a Successful Career Transition
Ready to explore your second act? Here are some actionable steps:
- Refresh Your CV: Highlight transferable skills and frame past experiences to align with your desired industry.
- Upskill Strategically: Use online platforms like LinkedIn Learning to acquire industry-specific knowledge.
- Leverage Your Network: Reach out to former colleagues, attend networking events, and explore online communities in your target field.
- Start Small: Volunteer, freelance, or take on part-time work to test the waters in your new career.
- Seek Guidance: Work with a career adviser or recruitment firm like SERT to navigate the transition.
Building a Future of Possibilities
For over-50s, the era of the second career represents more than a professional shift—it’s a chance to reimagine life’s possibilities. By embracing these changes, individuals can find renewed purpose, financial stability, and personal fulfilment, while businesses gain access to a dynamic and diverse talent pool.
At SERT, we’re here to help you make the leap. Together, let’s turn challenges into opportunities and create a stronger, more inclusive workforce for the future.
Ready to start your next chapter? Contact SERT today and discover how we can help you build a meaningful and successful second career.
For more information, read the original article on The Times.