Thursday, November 26, 2009

Money & Business

USN Current Issue

Career Guide: Are you deadwood?

By Marty Nemko
Posted 11/30/05

Ever wonder if your bosses or colleagues think of you as obsolete? I'd feel terrible if my coworkers thought so, even if my job were secure. And these days, fewer jobs are.

Here are seven signs your status is deteriorating. The more yeses, the more likely you're considered deadwood:

  1. Compared with years past, you're working on fewer important projects.
  2. You've been reassigned to a less powerful boss.
  3. Your coworkers rarely seek your professional advice.
  4. Your peers' raises are larger than yours.
  5. You're not up-to-speed on best practices or technology.
  6. You deride those who work harder than you.
  7. You're looking forward to retirement.

So what should you do? A few strategies for regaining some stature:

Establish yourself as a "wise elder." You may not work 12 hours a day or know Version 8.0 cold, but your many years in the workplace may enable you to prevent and solve problems that even an eager newbie couldn't. So, rather than compete with the young fire-breathing dragons, establish yourself as a "wise elder." Here's how to do it:

Look fresh

Maybe it really is getting close to the time to hang it up. What then?

Cut your expenses so you can afford to retire earlier.

Could you sell your house and move to smaller digs or a place in a less expensive location? People used to expensive homes on the east or west coasts might be surprised to learn that perfectly nice homes are available in the fast-growing university town of Austin, Texas, for $100,000. Also, reconsider big purchases. Would you really get more pleasure from that $3,000 plasma TV than from the one you already have?

Create an exciting vision for your retirement. That way, you have something great to look forward to instead of just dreading your current existence. For example, might you want to tutor illiterate adults? Write that novel? Create the ultimate garden? Revitalize your relationship with your spouse or child?

Still, don't assume that retirement will necessarily be preferable to working. A few months after retirement, many people wish they were back at work. Some things, you should just do–and not wait for retirement to provide an excuse.

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