The Biggest Career Mistake People Over 50 Make
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- čas přidán 24. 06. 2023
- One of the biggest career mistakes people over 50 make is not asking for a higher salary when they are offered a job. The reason they don't ask for more money varies, but it could be because they are just glad to be offered a job. But, research shows almost 66% of new hires are paid more when they ask for more.
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References & Clips:
When negotiating starting salaries, most U.S. women and men don’t ask for higher pay
www.pewresearch.org/short-rea...[list_email_id]
I am excited about this posts. Older senior needs to hear this. Thank you
I'm glad you enjoyed my video. Thank you for watching!
Lou, given that over 56% of workers over the age of 50 are let go from positions before they are ready to retire, I wouldn't be accepting that position from the employer even if they offered it to me. The danger lies in the dependence on someone else for a pay cheque. As I read years ago, there is no security in this world, there is only opportunity.
You and I are on the same page but as we know there are many folks who prefer to work for a company.
It never worked for me. They mostly stick to the budget, unless you come with your own clients or you are TV star. Tried to negotiate after star interview for the job I really wanted, but they rejected because they wanted to stick to the budget. Another case, negotiated a great salary, but over my managers salary. Ok, then manager goes to negotiate the rise and fails. All office gossiping about it. Needless to say that that work was not in the great environment.
At least you tried! Most people don't even do that.
I guess it depends on the organization. I've heard, historically, about the concept of negotiation, but, corporation wise, I've not experienced that as a viable option, perhaps it exists at higher level jobs, but, for entry level jobs, I don't see that as a reality.
Here is another strategy that may be more palatable. When applying for an entry level job, you can apply for a position where you'll likely be stuck in a dead end job, or you can aim higher by applying for a management or assistant management position where the pay scale is higher. For example, you can apply for a lower paying entry level position at a Target or Walmart, or you can aim higher by applying for a higher paying management or assistant manager position (I know from experience these positions often don't require any particular skill, just chutzpah). In the last example, you are more likely to earn a higher pay right off the bat, or at the least you'll immediately know where you stand.
It depends on the situation. I have taken the first offer just to get in the door in a industry new to me and never looked back. Gaining the new experience and being able to add the position on my resume made up for it.
IIf I am confident I am an exact fit for the position or that it is a difficult/not attractive job, then I negotiate hard.
Me too. Every experience counts. Even through unfavorable working conditions...I learned enough. After that...the seeking of happier climates. Mutual respect is the name of the game. Best of luck to you, sir.
Asking for more is a choice we make based on the sum of factors only we can calculate. One thought I will share with you a strategy I use if I'm selling something, especially a large item, like a car or maybe a business. Before I present I prepare for as many possible objections I think I will hear, and I practice selling the virtues of every benefit. Like you, I negotiate hard, but I'm always, always fair. I also follow this very simply philosophy, 'it doesn't hurt it to ask'. Once again, thanks for watching my videos! It's very much appreciated.
@@Over50tv Good advice Lou! I appreciate the service you are providing to help people! 👏👏🙏🙏
I accepted a job a year ago, without interview because my brother knew my work history and was the hiring manager. I was doubling the pay from my current job which made it a no- brainer, because it was a horrible company and really too low pay to ever have savings. Then 9 months in, my brother up and quits-goes somewhere else, him being the best at what was a hard job, and his performance un-rivaled.
So now the replacements are mediocre at best and I am not impressed with the 'culture' of some of these. I have had to up my game because some others of our best people have also walked out. In fact among all disciplines its been more than ten. My worry is not so much a sinking ship, (I think the parent company has them on life support) but the quality is not there and I have always had confidence in the all the companies I've worked for and believed even if I hated them, they had a solid reputation.
I'm not happy with the state of things since my brother left. Plus a lot of the employees that are older than me, do not have good work ethics and are always on the phone. I'm already 60 and the attitude of some of these others makes me keep my mouth shut and not engage them in their socializing and commentary. If it continues to get worse I will have to jump into the void and quit.
It sounds like you are in a very difficult situation but I admire how you are handling it. Always prepare and plan before you 'jump into the void and quit'. I know most people are not into starting a side hustle but it's a good option if you want to get off the hamster wheel.
@@Over50tv I realized that out of 8 employees in my department, I am second most senior in time served at one year. That alone makes me ahead due to the knowledge of the company's procedures.
Lou, what are your thoughts on accepting that 'acceptable' offer and spending the next year over-achieving and demanding that extra money. I'm in the Skilled Trades.
What happens if after you spend the next year 'over achieving' you don't receive the increase because, either the company says they can't afford it, or management flat out doesn't recognize your true value Those are a couple reasons why it's best to ask for the extra money at the start. Most managers will respect you for asking, plus you've let them know you believe in yourself. It doesn't hurt to ask.
never take the first offer. Even if you are dying for the job!! I have an ex coworker that got hired at the same place I had recently been hired ( I told her about the opening). She accepted the offer at face value. I got 4 dollars more an hour because I negotiated. When she told me about it, I was sad for her, but I told her that for the future use that scenario to negotiate!! Current job I got 2 dollars more than the offer. What people need to know right now is that employers NEED you. And they will pay more. Also, people over 50 have a track record and if they have offered you a job, they already know that you will be a loyal employee.
Loyalty counts. A mature manager? A dream.... Now...what to do about unfavorable co-worker-to-co-worker communications? To varying degrees....no matter where we go? Such a shame...and an energy drain. I love your name, Annie's Shenanigans.
Yes, yes, yes! You are 100% right in my book! I've seen the same thing! Thanks for sharing!
Yes, @allkindsamusicchick, Anniesshenanigans3815 always offers some good advice.
I think the "over 50" needs to be a little more defined. Are you 51 or 65?
You make a good point. According to the study people over 65 aren't so quick to jump at the first offer.
Not even 50%? 😕
???