Most women over 50 don’t plan to spend their so-called “retirement years” sitting on the sidelines. Baby boomer women — PRiME Women, in particular — want to do more than discover hobbies and travel (although those are certainly fun, too). Instead, women are increasingly looking for encore careers, second careers that provide opportunities to try something new or give back in some way — or both. They’re looking for meaningful second acts.
These women are not alone. The Bureau of Labor Statistics notes that the percentage of people 55 and older in the labor force is more than 40%, an increase from 29% in 1993.
The question is, where and how do you start looking for encore careers? What are the best second career choices and where can you find them?
PRiME Women spoke with AARP Jobs Expert Kerry Hannon earlier this month. She offered a ton of tips on how women, in particular, can prepare for their second acts. If you’re curious about some of the best second careers for baby boomers, see what Kerry had to say.
The challenge in planning your next career move is figuring out what to do. Taking time to step back and evaluate will likely yield greater success. Many women are looking to try something completely different from their last job or career. They could be fed up with corporate life, for instance, or they want a different focus.
Make a list:
Do a skills analysis
While you’re cataloguing what you like and dislike about your current/last job, identify and list your transferable skills. Think creatively about jobs that might use those skills outside your current profession. Recognize skills you may be lacking for jobs you might be interested in and get trained. If you’ve fallen behind in certain skills, take a refresher course.
We’re not talking about actual dating, here. What we mean is pulling out that Rolodex or mobile phone contact list and literally meeting with everyone on it. Meet for coffee and a chat. It’s not a job search per se. What you’re doing is picking their brains, telling them more about your interests and the kinds of things you’re looking for. It’s a chance for you to ask them what they’re doing and perhaps ask them to connect you to others who might have opportunities for you to explore.
Embrace social media
One concern that potential employers might have about hiring older employees is that they are not in tune with today’s technology and skills. (See skills analysis.) If you’re not on LinkedIn, get there — now. If you’re on LinkedIn but only check it once a month, change that habit — now. Join industry groups. Comment on posts by others. Write posts yourself. You’d be surprised how many people check LinkedIn before talking to anyone about anything.
The same is true for Twitter. Create an account and start tweeting about things related to your business interests. Remember that your profile, whether it’s Twitter or any other social media, is your brand. Your profile matters. It’s your first elevator speech with the world.
On Facebook, look for groups with similar interests. If working for a nonprofit is of interest, for instance, join its Facebook group. Comment. Go to events. Reach out socially as part of your strategy.
Make a financial plan
Do an honest evaluation of your financial needs. If you can’t afford to be without a steady paycheck for a couple of years, for instance, you might revise when and how you jump into a new job or start a new business, if that is indeed what you’re interested in with respect to second career choices.
Okay, so you’ve made your list, you’ve got some ideas about what you want to do. The next questions are how and where to find the best second careers? We’ve broken it down by some major job categories to give you ideas.
Nonprofits: The U.S is home to 1.4 million nonprofits, ranging in size from single-person volunteer organizations to national groups with hundreds of employees, according to the National Center for Charitable Statistics. They make up a sizable chunk of the economy, too: In 2012, nonprofits represented 5.5% of the nation’s Gross Domestic Product. This is all good news if philanthropy is on your second acts list. Finding a nonprofit that meets your skillset and fits your interests likely exists. A number of terrific websites exist to help you get started.
Education: If you’ve spent your working life teaching, you’ve got a lot of skills that can translate into second career choices. SeniorJobBank.com is just one site that offers a number of suggestions and strategies for using the skills gained in and around the classroom. Here are some to get you thinking:
Health care: With a rapidly aging population, second act careers in the health care industry are likely going to be plentiful. Some might require training. Doctors, for instance, can become something called a locum tenens doctor. The term comes from the Latin for “to hold the place of.” Locum tenens doctors are essentially substitute doctors, filling in on an as-needed basis. Hiring is usually through a staffing agency. ISeek is a site that offers suggestions for second act careers in general and health care jobs in particular. Encore.org sees the following six health care roles as growing in importance in coming years:
Professional services: Business executives, lawyers, financial advisers — all these professionals have a plethora of second career choices based on their many skill sets. Some of these might require some additional training or certification.
Writing: In this growing Internet world, content — as writing is now called — is critical. A good writer can, um, write his or her ticket into a variety of freelance or part-time opportunities. The American Society for Journalists and Authors is a great place to get ideas and leads for freelance writing gigs.
And, finally, many dream of becoming their own bosses entirely when they imagine their second career choices. They may picture, for instance, taking that hobby and turning it into a job, or perhaps they feel they’ve got the Next Great Idea. All of this may be true, but before jumping into the world of entrepreneurship, experts advise taking a good look at your own tolerance for uncertainty. Are you financially able to sustain not being paid for perhaps months or longer at a time? How well do you deal with uncertainty and rejection?
NextAvenue.org — where grown-ups keep growing — is a terrific website that can help you consider entrepreneurship further. It also offers a lot of good information and tips generally about the best second careers for baby boomers. And, of course, AARP, has an entire section devoted to encore careers.
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