Older workers, and this includes older lawyers in in-house and law firm settings, must be proactive about their future. As parts of the world start to re-open, the damage caused to the global economy will be felt more and more with each passing week. It will be some time before the New Normal is reached, and many organizations will realign their workforce numbers with revenue realities. Past crises have shown that new hires and older workers often fare the worst when organizations decide which jobs to cut. Already, we have record unemployment and the legal sector is shedding jobs at a rapid pace. This trend will continue until economies around the world stabilize, which could take a number of years if the Great Recession of 2008 is any indicator.
“The world has changed. This is not a drill. Older workers are especially vulnerable to being left behind. No matter what our career is, we are all facing a new normal in our work life. There are more than 100 million people in the U.S. between the ages of 40 and 65. All of us need to consider new options to create value and work in the future. If older workers wait for help, we will likely find ourselves waiting a long time. We need to get ahead of this entire problem, not just the immediate issues this crisis presents. Planning for the recovery means taking stock of where you will be working 10 or 15 years from now — or even a couple years from now. You can choose a course for yourself of just keeping your head above water in roiling business currents, or you can take active steps right now to build more economic resiliency into your life. A better approach is to be proactive about your future and begin building more stable platforms under yourself.
Read: Older Workers Must Be Proactive About Their Future at Entrepreneur