remunerated activity. reasons for doing so – why? continued use of skills / experience being...
TRANSCRIPT
Remunerated activity
Reasons for doing so – why?
• Continued use of skills / experience
• Being active / engaged
• Own business
• Additional remuneration– to cover costs of Further Education for children /
imminent wedding?– to tide me (us) over until State Pension becomes
payable?– required beyond State Pension Age ?
Reasons for working on…
• Social interaction (over 40%)
• Pay off debts including mortgage(38%)
• Continued support for their family (23%)
• Fear of becoming bored (22%)
Source: Birmingham Midshires report 2007
Remunerated activity
• How much income do you want to generate and over what timescale?– This pre-supposes a ‘stock take’ of your current
income and expenditure needs over the immediate future (say 1 – 5 years)
• How much time and effort are you prepared to put in?
• What does your spouse /partner have to say about your plans?
Nature of the activity
• Nature of the activity:-– Seasonal– Fixed period of time during week / month/ year– Employed
• part-time or full-time• portfolio
– Self- employed (IR35 requirements)– Partnership– Own company
Remunerated activity
• What is it that you will do?– Utilisation of existing /new skills?
• Why should anyone else buy your idea / proposal/ you? Testing its viability– Have you researched your market?– Your competition – Your competitive advantage / USP- what value do you offer?– Potential sales revenue and how long will it take to ‘bring in’?– What investment is required (time and money) and what else
could you achieve by doing something different?
Personal growth / development
• To manage your own personal growth and learning follow the following process
– Step 1 : Review your skills by completing a Self Assessment
– Step 2 : Identify your development needs and review your Learning Options
– Step 3 : Draw up a Personal Development Plan and take action
– Step 4 : Capture your learning in your Personal Learning Log
Transferable Skills
Shelf life of skills
According to the National Audit Officeskills have a shelf life of 3-5 years
Remunerated activity
• What are your personal strengths / weaknesses?– Idea creation– Marketing– Delivery – Ongoing service– Administration– Management of customer / supplier relationships– Credit control
Remunerated activity- business
• Points to consider:-– Business and marketing plans– Contingency plans– Adequate working capital– Appropriate IT (broadband line, website etc)– Management of expenses / income– Problem solving– Appropriate insurance cover
– Tax and NI (‘Small earnings exception’)
Remunerated activity
• Points to consider:-– VAT registration– Terms of business– Working capital– Key success criteria?– Exit strategy?– Legal structure– Way in which you extract income / capital from the
business?
Employability over 50
• Future proof your skills
‘Retraining is key to remaining in employment. It is predominantly down to individuals to keep their skills up to date, particularly new technology, as the business world changes.’
• Seek careers advice and explore career opportunities
Take advantage of Jobcentre Plus and the New Deal 50 plus scheme
City & Guilds report ‘Working in the Third Age- March 2005’
Employability over 50
• Open yourself up to new experiences or opportunities
Broaden your horizons. Consider setting up your own business and Business Link is a good source of advice and help
• Demonstrate commitment
Organisations want individuals who are committed and dedicated to lifelong learning
City & Guilds report ‘Working in the Third Age- March 2005’
The processVacancy arises
Vacancy filled
Internal search
Exte
rnal se
ar c
h
Odds?
Achievements
Challenge
Action
Result
Your CV
• Marketing document
• Advertisement
• 30 seconds to sell yourself
CV Styles
Chronological
• Continuing in the same function and industry
• Career shows steady growth and development
Functional
• Career change
• Emphasise transferable skills
CV Best PracticeDO INCLUDE• Profile• Experience and
achievements• Technical skills• Education &
qualifications• Memberships• Training courses• Interests• Personal information
DON’T INCLUDE• Curriculum Vitae• Salary• References• Reason for leaving• Race or nationality• Political affiliation• Early schooling• Months of
employment
Profile
• Be specific
• 4-5 Lines
• Include function / level of responsibility
• Specific experience
• Achievement
Networking
Friends
Relatives
Neighbours
Acquaintances
Work
Clients
Bank Managers
Insurance Agents
Professionals
Suppliers
Bosses
Schools Colleges
Clubs
Who do you know?
Trade Associations
Communicating and other points• Your opening statement (your pitch)• Your strengths / weaknesses
– analysis
• What do you like / dislike?• Use of closed and open ended questions• Benefits to them not features
– ‘Which means that’
• Gaining the ‘yes: yes’• Trial close
Communicating and other points• ‘Play back the music’• Empathy• Show interest / passion• What clues is the other person giving?• You don’t lose where others have lost out• Obstacles
– Overcoming ageism– Offer they cannot refuse– Voluntary route?
Useful websites
• www.monster.co.uk - creating a CV and covering letter
• www.stepstone.co.uk - search joblist or register. CV and letter to employers come to youwww.fish4.co.uk - job location search by townwww.jobcentreplus.gov.uk - job search by type and location – details of how to apply
• www.worktrain.gov.uk – the national jobs and learning website