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Life after Retrenchment & Retirement

Have you imagine what will tomorrow going to be if you are retired, retrenched by the end of the business TODAY? For a spur of moment, you felt relieved. However, do you still have a comfortable income to sustain you till end of the year? What are your plans when you woke up the next day?


Modern Apprenticeships

Originally, a long time ago, apprentices would work for their employer and in return, would learn their trade and be fed and housed. They were unpaid and often lived with their employer. (Once a year they would return to their home and bring gifts to their mothers, and this is where Mothers Day orginated).

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What do you mean I didn't get the job? Age matters

If you want to be successful in an interview, you need to over-prepare.Ò  Once you"re in the interview, go with the flow--be yourself.

Yet, how do you handle a potentially difficult scenario.Ò  You"ve been an executive for years with theÒ  same company, and now you"re being interviewed by some young person?Ò  Hereò€™s a perfect scenario:

You are successful and respected inside and outside of an organization. In fact, clients and customers regularly provide feedback about your superb skills. Your talent speaks for itself and others seek you out for your expertise.

Then something happensò€“your company is sold, your company merges, you quit your job, you were laid off, or a friend refers you for a new position. Interviewing is a slam-dunk in your mind. Preparation is not an issue because, frankly, you are just that good!

So you do some research, put together a list of questions, pick up your suit from the dry cleaners and voila you are ready to interview! During the interview, you are confident, poised, and articulate. As you depart, you congratulate yourself on a job well done and high-five the vacant elevatorò€™s mirror on the way down. You return home and decide to celebrate because victory will soon be at hand.

It is the next day and you replay the interview in your mind. There is not a doubt in your mind this will happen. You think through your compensation package and decide you should be paid at least 30% more than your last job. In fact, you deserve double. Resolute in your decision, you relax confident in tomorrowò€™s promise.

After a few days when the phone rings, you are surprised to discover no job offer yet. Two weeks later, confusion creeps in. Why havenò€™t they called?

Finally, you get the call. ò€œWe decided to hireò€¦. .ò€ is all you heard. You are in shock. How could this happen? Stunned with disbelief, you replay the interview again in your mind and convince yourself it is not your fault. You intimidated them. In fact, the interviewer probably thought you could do his job. Besides, there is nothing you could have done differently, right?

Have you ever considered that maybe you did not listen the interviewer? Did you listen for what he did not say? Did you consider where he was coming from? What was his perspective? Did you consider his age? Does it matter? Of course, not, right? Think again.

Would you communicate with a 30 year old differently than a 50 year old? Would both age groups hear the same words, yet interpret them differently? This is where the interview disconnects. Frequently the person interviewing is so wrapped up in their own inner dialogue they never consider the interviewerò€™s perspective.

Hereò€™s a perfect example. Sam has 20 years experience with an institutional money management firm and is 47 years old. He is interviewing with Larry who is 30 years old.

After Samò€™s interview, he calls and says,

ò€œI told Larry I want to work 18 hour days in turbo drives for the next five to seven years, then start to wind downò€.

Sam thought he knew everything. Obviously he doesnò€™t. Think about it. What do you hear in the comment, ò€œwork 18 hour days for the next five to seven years, then start to wind down?ò€

Is Sam saying he wants to retire in five to seven years? Is he saying he wants to slow down, have less responsibility, or work shorter days? What does he mean, ò€œwork in turbo drive for the near future?ò€

From Samò€™s perspective he thinks he is leveraging his assets (talents, skill, intellect, etc.). If you are strategic in leveraging your career then the best may be ahead of you, not behind you. Your dreams are not beyond reach.

However, Sam is interviewing with Larry who is 30 years old. Larry heard Sam wants to work for another five to seven years, then retire. Is that what Sam meant? No.

When a 30 year old interviews a 47 year old, he will be concerned about his return on investment, his tenure, his flexibility, and his ability to take direction from someone much younger than he. Therefore, you must consider the interviewerò€™s age, perspective, experience, and biases. The point is, Sam should never have used those words, ò€œwork in turbo drive then start to wind down.ò€ Why? Because nothing Sam said after that phrase was heard. Larry shut down.

Another example is John. John had been head of sales for two firms over the past eighteen years. He was with one company for 16 years, and another company for six months. However, Johnò€™s company was acquired two years ago which left him unemployed. During our interview, I asked him to share with me his recent job hunt experiences.

John said,

ò€œI interviewed recently with a 40-year old CEO and he asked me how many years I thought I had left in meò€.

I smiled waiting for a punch line, yet none ever came. Evidently, John was oblivious to what these comments meant and why he wasnò€™t invited back for second interviews. He didnò€™t see the link his 2-year unemployment.

What do you hear in the CEOò€™s comment? Prior to my first face-to-face meeting with John, I assumed that he was in the same age range as me.

Upon meeting John, I was surprised to find a man that looked at least 20 years my senior. Is that a problem? No. However, when you are interviewing you need to consider the audience, the actors and the script.

As Shakespeare said in As you like it,

ò€œAll the worldò€™s a stage, and all the men and women are merely playersò€.

So back to the CEOò€™s comment. The CEO is 40 years old, John is 48; but looks 60. The CEO says, ò€œhow many years do you have left in youò€? What are his concerns? Johnò€™s energy? Can he do the job and if so, for how long? Is he concerned about retirement, or his return on investment, or his impact on a youthful organization? Are the CEOò€™s concerns legitimate? Yes.

My point is being cognizant of your interviewerò€™s age and how to address your interviewerò€™s issues. Address the obvious.

If you donò€™t address the pink elephant crushing your skull, what are you telling the interviewer? That you live in LaLa Land? Absolutely.

Address the obvious. Put it on the table and address it. What better way to address the CEOò€™s comment than,

ò€œIt is interesting you asked how many years I have left in me. People who donò€™t know-- frequently think I am 60, when in fact, I am in my 40s. In this field thatò€™s probably been one of my greatest strengths. My grey hair--though my wife hates it--it lends great credibility with my clients. As you know, people in the institutional asset management business have a tendency to trust older people. I look for the silver lining in any negatives in life. Another great advantage to aging--called wisdom."

Enhance your message with wit and a quote. Go on with,

ò€œYou know, Shakespeare addressed the age issue best in Othello, ò€œYou shall command more with years than with your weapons.ò€

Do not be glib in addressing your interviewerò€™s perspective. Address your interviewerò€™s frame of reference, seek clarity and never assume. State the obvious,

ò€œI want to make sure I understand your concerns. Earlier you questioned how many years I have left in me. Help me understand what you meant by the question. Are you concerned about your return on investment, how close I am to retirement, my energy, potential tenure, or my impact on the organization and with clients? Do you have concerns about my energy level?ò€

If the interviewer is caught off guard, or surprised, allay his fears with a statement such as,

ò€œIf I were in your shoes, I can understand why you might be concerned about some of those issues.

Listen to what his concerns are. Write down his issues, then go back and address each one. Speak to your passion, depth of experience, energy level and tenure. Close with grace and style with a comment such as,

ò€œYou know I believe that Calvin Coolidge said it best in 1933, ò€˜Nothing in the world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not: unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination are omnipotent. The slogan, ò€œpress onò€ has solved and always will solve the problems of the human race. You asked me earlier in our conversation about my strengths, which I said are tenacity, perseverance and determination. As a determined prospective employee, I genuinely want this job. Are there any additional concerns that you have that I can specifically address?ò€

Packaging yourself adroitly during the interview process is critical to successful employment. Discover as much as you can about the interviewer prior to your meeting and edit your script accordingly. Write out an interview script; give it to someone else to read and practice. Frequently, the candidate that gets the job is not the most talented or works the hardest. It is the candidate that is best prepared. Managing potential land mines effortlessly demonstrates talent.

I think George Bernard Shaw said it best,

ò€œLife isnò€™t about finding yourself, itò€™s about creating yourself.ò€

And donò€™t forget the hand written thank you note! As Helen Rowland in her 1922 book, Guide to Men said, ò€œThe follies which a man regrets most, in his life, are those which he didnò€™t commit to when he had the opportunityò€. Now go get ò€˜em!

Copyright Ev S. Nucci 2006






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