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#2202792 - 01/11/19 09:37 PM Over or near 50?
MB Guy Offline
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Way, way south.
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#2202799 - 01/11/19 10:18 PM Re: Over or near 50? MB Guy
raitchjay Offline
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That was depressing....and sort of disgusting too.
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#2202804 - 01/11/19 11:34 PM Re: Over or near 50? MB Guy
RockChucker, CAMS Offline
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I really got a kick out of DDRLSGC's posts in the comments. What a nut.
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#2202860 - 01/14/19 04:19 PM Re: Over or near 50? MB Guy
Truffle Royale Offline

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Unfortunately, it's too true. My own husband was one of the 56%, after over 30 years for the same employer. Younger workers are cheaper and more tech saavy and employers apparently will take that over wisdom born of experience.

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#2202862 - 01/14/19 04:32 PM Re: Over or near 50? MB Guy
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This is why it makes zero sense to stay with most companies for an entire career. Unless you're a top executive with a contract, you should bounce around every 2-3 years for significant pay increases and gaining a wider breath of experience.
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#2202870 - 01/14/19 04:53 PM Re: Over or near 50? MB Guy
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AC, unfortunately most of the time you're right. Not to mention the general rule that has existed for a long time now that to move up and increase your salary any significant amount, you need to move companies. Sad, but too true.
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#2202902 - 01/14/19 07:17 PM Re: Over or near 50? MB Guy
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Not achievable in all markets. js.
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#2202905 - 01/14/19 07:24 PM Re: Over or near 50? MB Guy
raitchjay Offline
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Yes, i think the whole narrative (companies firing older workers, the need to move around to get ahead) shifts drastically in smaller, rural markets.
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#2202913 - 01/14/19 07:51 PM Re: Over or near 50? MB Guy
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Also, if you've already been with an employer long enough to have built up good benefits, you may be better off taking your chances with that employer.

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#2202923 - 01/14/19 08:28 PM Re: Over or near 50? MB Guy
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I read an article recently about ensuring that you stay "relevant" if you want to stay in your job past a certain age. Towards this end I ensure I take a class or get some sort of certification at least every other year. When I sit down to input my annual performance review I want to make sure I have something new to show value added for my employer. It's no guarantee of anything, but I want to show that I did my part to demonstrate my ability and willingness to be flexible. The fact that my knees are not so flexible is a different story. I even commute 70 miles a day now because that seemed to be an opportunity to get a more stable position in my company. And in the end there is only so much I can control, and I think my age is giving me a little wisdom about that.
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#2202982 - 01/15/19 02:13 PM Re: Over or near 50? MB Guy
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There are ways to work around the disadvantages of being in a small market. You may not be able to sit in a bank all day, but if you're willing to travel, there is work to be found in compliance.
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#2202988 - 01/15/19 03:11 PM Re: Over or near 50? MB Guy
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ACB, it's tough being in a small market when there are limited local opportunities and you don't want to spend your life on the road in airports and hotels and want to be home with your family, unfortunately.
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#2203013 - 01/15/19 04:39 PM Re: Over or near 50? MB Guy
ACBbank Offline
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^ Agreed MB. However, if one loses their job, justified or not, I would imagine they would be open to all potential employment if the financial compensation was appropriate.
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#2203018 - 01/15/19 04:55 PM Re: Over or near 50? MB Guy
Truffle Royale Offline

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It all depends on when you 'lose' or are forced out of the job. If you've near to or have hit retirement age, you're not going to get a comparable job in your field under any permutation. I know, employers can't ask how old you are but they can surely tell the difference between a baby boomer and a Gen X or Milenial just by looking.

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#2203027 - 01/15/19 05:23 PM Re: Over or near 50? MB Guy
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Amen to that ACB, gotta pay the bills.
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#2203036 - 01/15/19 06:05 PM Re: Over or near 50? MB Guy
hmdagal Offline
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Quote:
It all depends on when you 'lose' or are forced out of the job. If you've near to or have hit retirement age, you're not going to get a comparable job in your field under any permutation. I know, employers can't ask how old you are but they can surely tell the difference between a baby boomer and a Gen X or Milenial just by looking.


And that's where a severance package from a long term job can make a huge difference.

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#2203060 - 01/15/19 08:47 PM Re: Over or near 50? ACBbank
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Pulling people out of the ditc...
Originally Posted By ACBbank
^ Agreed MB. However, if one loses their job, justified or not, I would imagine they would be open to all potential employment if the financial compensation was appropriate.


negatory, ghost rider, the pattern is full...i had a job once that required me to be gone Sunday evening - friday evening every week, never again...i'll go flip burgers first...and the amount of money it would take to incent me to relocate, well, that is probably about $25,000,000 more than anyone would be willing to pay me...
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#2203091 - 01/16/19 01:09 PM Re: Over or near 50? HappyGilmore
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Originally Posted By HappyGilmore
Originally Posted By ACBbank
^ Agreed MB. However, if one loses their job, justified or not, I would imagine they would be open to all potential employment if the financial compensation was appropriate.


negatory, ghost rider, the pattern is full...i had a job once that required me to be gone Sunday evening - friday evening every week, never again...i'll go flip burgers first...and the amount of money it would take to incent me to relocate, well, that is probably about $25,000,000 more than anyone would be willing to pay me...


I agree with Happy:

My husband was a contract lineman for 14 years prior to landing a job with our local utility. That life style is not for the faint of heart.
It is difficult for the traveler and for the spouse that remains home to take care of the day to day.
I was asked to apply for a job with the FRB a few years ago which would have required traveling to NYC weekly and my polite response was thank you for the consideration but no thanks.
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#2203095 - 01/16/19 01:50 PM Re: Over or near 50? MB Guy
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Agreed. I traveled as an examiner with the FRB for about 5 years and I have no wish to be a frequent traveler again. I am with Happy, I will take a much lower paying job to remain local and not have to regularly travel.
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#2203097 - 01/16/19 02:01 PM Re: Over or near 50? MB Guy
HappyGilmore Offline
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Pulling people out of the ditc...
but don't get me wrong, if anyone reading this is willing to offer me that $25,000,000, then i'm your guy!
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#2203100 - 01/16/19 03:00 PM Re: Over or near 50? MB Guy
ACBbank Offline
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I'm not suggesting that you take a job that may have difficult requirements if you're in a secure spot financially or can find a similar role. The original article suggested that a number of people over 50 are having trouble finding work which may cause them difficultly in making ends meet, hence the discussion that followed. I know a number of people who lost their jobs in my area and had trouble finding work because they were looking for a job with unrealistic expectations (Pay, travel, locations, work schedule, etc.). They could have very easily taken a role which meets some, but not all of their check boxes.
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#2203142 - 01/16/19 06:17 PM Re: Over or near 50? MB Guy
RockChucker, CAMS Offline
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Truth be told I believe that the vast majority of folks on this forum are the kind of individuals who can and are willing to learn and grow. Unfortunately there are many in the job market who are not. Think of the many folks whose answer to your coaching is "We've always done it that way" or some variation. While I might like that person as an individual, I would not be disappointed if they were cut loose so that a more malleable person could be hired. Which in turn makes my job more enjoyable. Selfish? Perhaps.
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#2203148 - 01/16/19 06:53 PM Re: Over or near 50? MB Guy
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Yeah, that's a pretty broad brush to paint this group, eh?

But, I would say that this is not the case with most compliance people due to the nature of compliance rules changing on a regular basis. Your description is probably more apt to apply to people in operations areas of financial institutions. JMHO.
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#2203155 - 01/16/19 07:22 PM Re: Over or near 50? MB Guy
raitchjay Offline
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Yeah, my personal opinion......nobody's job should be safe just because they've been at it for years and years and years. But on the flip side, no one who is doing well at their job should be fired or demoted simply because of their age. Those seem like pretty obvious things to me......but just as obviously (this article, for example) many companies don't agree.
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#2203156 - 01/16/19 07:25 PM Re: Over or near 50? MB Guy
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They are also looking at costs...as in health insurance, if they supply it. Longer vacation times...a lot of things incent employers to cut older folks loose...is it wrong? Absolutely...it all goes back to greed [assuming you are still sharp and capable of your job title]
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