Special article brought to you by Stevens-Henager College
“Business as usual” is a phrase you don’t hear much anymore. Probably because business, like technology, is changing so rapidly there’s nothing “usual” about it. In today’s business climate, professionals should be aware that change is inevitable so they can adapt and continue to thrive in their career. According to Forbes, the following are three major career trends to watch for in 2020 and beyond:
ENTREPRENEURSHIP IS ON THE RISE
It may surprise you to know that, in 2018, one in three Americans freelanced at some point that year, and 28% are full-time freelancers, up from 17% in 2014.(1) Employers like getting the resources they need, only when they need it.
Even if you choose the 9-to-5 option, you most likely will still compete with freelancers. So, your strategy should be to sell yourself harder like a freelancing entrepreneur. Be more targeted with your networking.(1) You may even want to consider freelancing yourself, since freelancers are reported to be happier than traditional workers.(2) If you like the idea of being your own boss, it’s worth considering.
RESKILLING WILL BE THE NORM
Sure, you can research what the hottest jobs are right now, but tomorrow’s hot jobs may be different—the job requirements as well. AI, robotics, and Big Data are continually changing the landscape of business as we know it.(1) A business professional needs to know how to adapt to those changes. Make it a habit to continually reskill over time. If you love learning new skills, you’ll have the advantage. Many companies will pay for employees to attend valuable seminars and workshops. Take advantage of this free learning opportunity.
THE NEW RETIREMENT
If you’re in your 20s or 30s, you’ve probably given little thought to retirement planning. But the earlier you start banking your earnings, the better. Even though we live into our 70s, our peak earning years are in our 40s and 50s. To be a good money manager, bank those earnings and stretch them as inflation increases and the average salary decreases over a 20- to 30-year period.(1) The trick is to guard against career burnout, reskill if necessary, and be excited about your work.
There’s one thing you can count on in life: change. The business climate is no different. We can either choose to embrace change and see it as an exciting opportunity or view it as an obstacle that threatens our careers. Which way will you choose to see it?
Did you know Stevens-Henager College provides on-going no-cost refresher courses to its graduates so they can keep up on their career skills? We offer degree programs in business, healthcare, and technology. Call 801-284-3216 to learn more.
Thank you for this post! I can’t begin to tell you how important it is to start saving for retirement early as possible. The longer you give compound interest time to work, the more money you will have. https://bit.ly/31lP2wi