Career Transition at 50’s - The Only Guide You Should Read!

In the last few years, career changes have become a trend among the young generation. And you would have heard many stories of people changing their careers, lifestyles, and workplaces.

Now you're the person facing the dilemma of changing your career in your 50s. Maybe you're not paid well. Perhaps you're not satisfied. Maybe you've realized that career change has become utmost important to you.

In this technology-driven world, it's easy for anyone to get bored at their workplace. Maybe the jobs aren't much attractive as they used to be before. Perhaps all these years, you won't have received appreciation for your efforts which never made you feel special.

Are career changes at 50 possible? Well, Yes!

It's the right time for a career change, and this can be your life saviour.

But changing your workplace at 50? Sounds challenging. Plenty of negative thoughts and questions will come to your mind. Feeling overwhelmed is okay when jumping off to a different career path. With positive guidance and dedication, anyone can make career changes at any age.

 Is it a smart move to make a career change at 50?

Anyone thinking of career changes faces numerous hurdles- regardless of age, and being in your 50's means you can still make a career change. Life is about constant changes and new beginnings; everyone should adapt to this.

Remember, you have decades of work experience. And experience has a different value in the corporate sector.

However, your plans regarding the career change should be well thought out. Ensure you aren't taking this decision because of midlife crisis alias psychological distress in adults. Take your time; there's no rush.

 Firstly, let's understand the major types of career changes

 You don't need to get inspired by others' career changes. You don't have to research brand new industries and shake everything up. Some career changes include switching from full-time to part-time and working from the office to home.

As a result, below, we're mentioning the primary types of career changes that professionals experience.

 Entrepreneurial career change

This is actually the most type of career change people make in their 40s and 50s. At this point, they say goodbye to the corporate world as an employee and get the self-employed tag. Becoming the boss and putting their own ideas to the table turn their dreams into reality.

 Functional career change

This is a prevalent type of change where people look for different job positions without changing their respective industries. You can even apply for a different job role in your current company.

 Industry career change

You'll hold the same roles and responsibilities in this type of career change, but the industry will change. Most probably, you will need to gain experience in the new industry.

 Let's now understand the pros and cons

 To get started with career changes at 50, you must know the advantages and disadvantages. Take time to understand these pros and cons because these will affect your personal and professional life.

 Advantages

 A new beginning for you- A career change will definitely impact your daily routine. If you're feeling exhausted at your current job, this is a perfect opportunity to shake things up and gain new experiences. Your new job position will be more satisfying and successful.

 You'll experience mental peace- Your current job position might put your mental and physical states under stress and tension. After making a career change, you'll realize your anxiety and stress levels are decreasing, and your personal life has become more fun and satisfying. Honestly speaking, your mental health will thank you later for making this smart move.

 You'll gain new learning opportunities - With a new job position, you get an excellent chance to improve your current skill set and polish your existing skills. You're sharpening your brain and adding more enthusiasm to your workplace.

 You'll feel enthusiastic and passionate- Your current job might have taken away all your passion and enthusiasm, but it's not lost forever. Thinking about a career change in the 50's means you're confident about yourself and know what works for you and what not. Honestly speaking, the best career changes are often the ones that improve your personality.      

Disadvantages

You might not receive your expected paycheck- This con varies from person to person. However, your new job role might not bring your expected salary to the table. You may see a pay cut because you have zero to less experience in your new job. This won't be an issue if you're financially stable, but don't overlook this con.

You might have to undergo some training- Before leaving your current job and switching to a new one, figure out whether you'll require some extra qualifications and education. You can talk to the people holding the same job role regarding this. Additional education and training are always favorable, but this isn't the right time because your career transition might get delayed.

 You may look like an overqualified professional- One problem you'll face during your career transition is that potential employers might see you as an overqualified professional. They will think you need more money than other candidates.

 Your final move: Follow the below tips for making a successful career transition in the 50's

 Challenges are unpredictable and unpreventable whether you're following the entrepreneurship path or changing your industry or job position. Some career transitions at 50 might not require anything, whereas some require specialized training.

Below we're mentioning five important tips to consider while making a career change- 

l Create a new resume showcasing all your accomplishments and skills.

l If you have a LinkedIn profile, update it and build new connections.

l Take your time, checkout all the options with utmost care.

l Stay motivated and never get afraid of rejection.

l Take advice and support from your friends and family members within your personal and professional spaces.

 You're the one responsible for your current and future life, and you're making change for your betterment; you must be proud of yourself. You're doing this for yourself, not for anybody else. Don't take this step alone if you're thinking about a career change at any age.

Elysian Inspires can provide the proper guidance for developing your skillset and keeping you motivated and confident during your career transition.

 Thanks for reading our post!