Since 2013, global corporate giant IBM has forced over 20,000 workers into unplanned retirement or simply laid them off – all of them aged 40 and up. Though clearly going against the Federal Age Discrimination in Employment Act, IBM was able to get away with this policy in an effort to “correct seniority mix.” It’s not just tech companies that like to “correct seniority mix” in their aging workforce, but oftentimes there is tech you can use to fight ageism and start your own business.
Today, 60% of workers 45+ have experienced ageism in their workplace, potentially even going far enough to result in termination. In the face of this wide-reaching experience of office discrimination, what are older professionals with valuable skills to do? When four out of five baby boomers expect to keep working rather than entering retirement, there is often only one option left – entrepreneurship. Almost 50% of self-employed workers in the US are baby boomers, and among small businesses, 57% are owned and operated by business people over 50. Calling on their decades of communication, sales, and professional skills, many older workers succeed in entrepreneurship and giving them a district competitive edge.
There are definitely advantages to starting a business when you are older, and access to capital as well as your network are high up on that list. Use apps like Fiverr and TaskMonkey to find potential clients outside of your network.
Whether you’re fed up with the ageist competition of your career or simply looking to make a professional change, your own years of skills and experience become invaluable and tech can help bolster that experience. Let this infographic be a guide later-in-life professional pivoting, how to thrive in the gig economy, and why experience keeps you ahead of the curve.
Source: Best Masters Programs