By: Terry Burgess, Founder and Men’s Mid-life Coach, Upward MC
Job loss and unemployment at any age can make a person nervous. However, for those individuals over the age of 40 it can be a large stressor. Losing one’s job at this stage of life for some may trigger a mid-life crisis.
Individuals who find themselves losing a job after they have turned forty face several unique challenges that their younger colleagues will not face. Some of these challenges include the following:
- Often individuals around 40 years of age have reached their salary plateau.
- Older workers find it takes longer to find new employment than it does young workers.
- Older workers often will have to take jobs at a lower payrate than the one they lost.
- Older workers often in their mid-life years must change jobs or have a forced change in how they work.
Individuals who have lost their job and are also going through a mid-life crisis or relationship difficulties will find even more difficult times. This is because of the stress brought on my having to handle the all the changes happening to them at one time. These events are stressful as individual, unrelated events. However, when you combine all the events together it is very possible to bring on bouts of depressing and excessive questioning of their choices of the past.
The main priority and probably the most critical action an individual who loses their job should take is to reflect, see if there are changes they can make to learn from the event, and heal as well as grow from the experience. The second priority is for the individual to not give in to fear and make decisions about their job search in haste. Yes, it is important to find new employment since you have expenses and needs for food, shelter, and bills but you can do more harm by just jumping into the first job opportunity that comes along. If you let this fear take over you may find yourself in a position that is not ideal for your situation and adds more stress to your plate.
Individuals who have lost their job for whatever reason should view the event as an opportunity to reevaluate their life, readjust their path of success, and reinvent themselves for future success in their life and job choice.
In my next blog I will show you a process that will help expediate your job search and market yourself right into a new job.
If you are needing help or discernment on where to go next in your mid-life journey. Please feel free to contact me for a complimentary 1-hour coaching session. I can help you develop a simple starting point plan to help you get on the road from your “mid-life crisis” to your “mid-life rediscovery and redesign” for your life. You can visit http://bit.ly/SchedulewithTerry to schedule you complimentary coaching hour!
Terry is a Personal Leadership and Mid-life Coach for Men with Upward MC in Benton, Kentucky. He can be contacted via e-mail at Terry@upwardmc.com or by phone at 270-493-0967. His website can be found at http://www.terrypburgess.com