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49 Year Old Programmer Seeks New Job After Age-Based Termination - What Are My Options?

Krishna

Krishna Kumar  |397 Answers  |Ask -

Workplace Expert - Answered on Jan 27, 2025

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Asked by Anonymous - Sep 30, 2024Hindi
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I am aged 49 with a 27 year career in IT - 21.5 years as individual contributor and rest in leadership role. In my last employment, I was asked to go after successfully executing a project; later on, I found that they hired me just for that project only. For the last 4 months, I have been applying for jobs but it looks like that my age goes against me. I have completed a four month course in AIML, learning new programming languages and keeping myself abreast with the latest trends. The differentiating aspect of my leadership is being hands-on; while the team gains confidence, my peers and leaders feel that I am being too indulgent. In some of the interviews that really went well, I was rejected as my technical capabilities seems to have threatened the incumbents. I have achieved the financial freedom and doesn't require a salary to keep the kitchen fires buring but I crave an engagement to retain my knowledge. Please guide

Ans: Hello

As you want to work, suggest you keep exploring opportunities.

Since you have achieved financial freedom, you may consider freelance assignments or even project based assignments, this will ensure you are working and at the same time bring varied experiences.

All the best
Career

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Hello Mayank,I am a commerce graduate and have around 15 years of experience in back office operations.I am currently working at the document management department in an oil and gas MNC at a designation equivalent to that of a senior clerk.I am nearing 40 and I will be losing my current job in the next few months.My problem is that I am searching for a new job since one year but not getting any interviews. I guess this is due to my age (I am 40 and still at the clerical level) and my salary (around Rs 50,000) which is a bit on higher side with respect to my designation in my city.I don't have the skillsets or attitude for a team leader or managerial position.At present, I am not in a financial and mental state to acquire new skill sets, learn new things or start new businesses which are obvious suggestions.I can't work in BPOs as they don't hire associates at this salary and particularly at this age. Besides, I am not comfortable working night shifts.Could you suggest some different solution to my problem as I have already figured out/tried the common ones.Thanks in advance.Name withheld on request.
Ans:

Hi.

Your question has so many ‘I can't’ statements that you have yourself ruled out many feasible options.

Please remember that, in the job market, there are many more qualified people than there are decent jobs. So you will certainly need to change your mindset and be flexible to adapt and learn new skill sets.

Even Sachin Tendulkar had to adapt to T-20 to play the IPL!

Approach the situation with a positive mindset and things will work out for you.

..Read more

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Asked by Anonymous - Mar 28, 2024Hindi
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I have 17 yrs experience in the Recruitment field, yet have Not been able to build my skills. I have not become a manager and so my salary has not grown. I have worked in consultancies only (not companies ) At age 47, I feel burnout, and am without job opportunity due to stability and age . Pl advise.
Ans: Hi!!You have the experience, 17 yrs ….build your future on it! Nothing in life ever goes waste. Look a little deeper into yourself, why is that you didn’t become a manager? What skills you need? Looking the part, leadership skills, public speaking, communication skills? In today’s world you can learn any skill that you want… believe in yourself, perform a SWOT analysis ( Google SWOT ) .
Put everything on paper… you’ll get a lot of clarity and it will no longer overwhelm you. Any age is a good age to start learning. You are just 47… there is still a whole life ahead of you!!
Burnout comes when you stop learning and not doing stuff that brings you joy. Next 30 days., you’ll do the following-
1. 20 mins of physical activity, it can be anything which makes your heart beat faster, brisk walks, dancing non- stop , etc
2. 10-15 mins of any activity which fills your heart with joy,( make your joy list, start doing one of them every day) Your energy for life comes from your joy list!
3 spending time in nature ( nature heals you)
4. Up skilling yourself
Forget the past now, we can’t change it…plan all of your today with one step in the future and it all starts with taking care of yourself..
All the best…

..Read more

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Milind

Milind Vadjikar  |1030 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Feb 17, 2025

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Hello sir, I am 33years old and like to have a stable life with a good retirement corpus along with children education. I have 2 sons both are of 1 and 3years old respectively and my wife is a housewife. I am having FD of 16L, 10L in gold, bought a flat paying housing loan EMI of 25K, having term insurance for 1cr and health insurance for 4L. I am making investments in mutual funds SIP of 30k since last 1 year. Hdfc dividend yeild fund 1000 Icici bluechip fund 8000 Quant small cap fund 1000 Canara robecco small cap fund 1000 Uti nifty index fund 5000 Icici balanced advantage fund 5000 Jm flexicap fund 2000 Quant elss fund 5000 Parag pareekh flexicap fund 2000 Lumsum Investments Sbi healthcare fund 20K Quant infrastruture fund 10k Sbi magnum gilt fund 20k Plz advice....am i really doing good with these investments or shall i replan my investments....
Ans: Hello;

Having 12 funds(9 sip+3 lumpsum) in portfolio is not required.

You need to just 4 funds for your sip of 30 K(divided equally):
1. Flexicap fund
2. Large and midcap fund
3. Balanced advantage fund
4. Multi asset allocation fund

You may consider exiting the sectoral, thematic and debt fund owned by you and redeploy it in your regular funds.

This ensures equity(large cap oriented)is predominant asset class in your portfolio but it also has exposure to debt and gold for balance and risk mitigation.

Also keep a target to step up sip amount every year by 7-10% atleast.

This will go towards higher education provision for your kids. (~1.85 Cr in 15 years considering 7% annual top-up and 10% modest returns)

For your retirement planning you may consider NPS and start with a decent amount(~30 K pm) as regular investment since time is on your side(27 years to hit 60 age).[3.45 Cr in 27 years without any step up consideration. 8% returns assumed].

Consider buying home loan insurance and super top-up health cover.

Happy Investing;
X: @mars_invest

...Read more

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