July 6, 2011 1 Comment
The unemployment jobless rate has jumped for those over 55 from 3.2% to 6.8% since the 2007 recession began.
This is an opportunity for small businesses looking to reduce the risks normally associated with hiring.
As an employer, you might consider “like fine wine, the over 55 candidates should be getting better with age.”
Rule Number One: “Ready to drink.” Most wines available today are ready to drink (0ver 90%). If the price is right drink it now.
Heard recently from someone over 55, unemployed, highly qualified and experienced in their line of work. Someone whom I hold in high regard,
“I feel like I’m letting my wife, my kids and my grandkids down.”
This alarming revelation from someone heretofore has exuded confidence, success in; and dedication to; his family and his career like none other.
Over 55 and unemployed, most workers are eager to reenter the workforce.
Rule Number Two: “Taste it.” There are many experts out there that will tell you what wine to drink and when. My local wine shop agrees to a point but is adamant about one thing, “it comes down to you and your own personal tastes and preferences.” The expression, “look good on paper (label)” is a common misnomer.If you are hiring and you are a “seasoned professional” yourself, you don’t have to look over your shoulder twice to find someone with whom you can relate in the over 55 crowd. Put these new hires through a probationary period. They will understand they need to “earn their stripes.”
Rule Number Three: “Preservation of a good wine requires proper resources and planning.” If you can’t afford to wait and don’t have the proper means to store your wine, drink it now.
In business, when hiring I like to use the expression “hit the deck running.” If you can’t afford to mentor, shadow, train or hire an apprentice or wait for a new hire to become productive, generate revenues, replace intellectual property, hire experience.
Rule Number Four: Price doesn’t dictate taste or value: There are winemakers out there ranging from Cameron Hughes (CH) to garage winemakers who produce excellent wine at excellent values. Famous high end growers in Napa, Sonoma and other areas sell their surplus to winemakers like CH who produce great wines at great values.
Look for experience first. College degrees, certifications, etc… is no substitute for the real deal. Many of the over 55 crowd have been “through the war.” “The proof of the wine is in the tasting.”
Some great reference sites: