Longer lifespan means longer career paths.
People today live more than ever before.
Half of babies born in 2007 in developed economies are expected to live between 102 and 107 years.
As a result, their career paths and financial security will be impacted.
Those currently in their early twenties are likely to work until their late seventies.
As someone who has recently entered the workforce, how can you make the best use of a 60-year career?
1. Try different professions in the early years of your career.
You might feel stressed as a recent graduate at the beginning of your career, but you can do this and know that you have more room to explore risks and change paths.
Allocate more time to improving your capabilities and skills, both of which will help you make more strategic decisions about the career path you should seriously pursue.
2. Plan for extended breaks in your career.
A career break is a planned, unpaid leave that typically lasts at least one year.
As career paths lengthen, more people across different ages aim to take such breaks.
With proactive planning, you can use this extended break for travel, self-care, further education, pursuing hobbies, or achieving other goals.
3. Look for companies that are receptive to extended career breaks.
More and more employers are realizing that these long breaks are inevitable and are trying to fit it into their organization and impose return plans for employees who go on long breaks.
There are many programs that are designed for career transitions and starting a new career path, along with providing opportunities for career guidance and groups that people can join to find work more easily.
4. Pay attention to your financial situation.
A 60-year career path will likely include three or four extended career breaks, so it’s important to manage our finances properly.
The sooner you save up, the more and better job options we’ll have later on during these breaks. This allows you to pursue roles that suit you without considering the financial toll of this career break.
