Traditional stereotypes of career paths will collapse in face of workforce change

March 15, 2024
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Traditional stereotypes of career paths will collapse in face of workforce change

Gone are the days of traditional career trajectories, where employees would climb the corporate ladder and retire at the pinnacle of their careers. Nowadays, many workers are choosing to delay retirement, switch careers, or explore different, potentially less lucrative opportunities.

A notable shift is seen in the increasing number of older Americans staying in the workforce, with Pew research revealing that 19% of individuals aged 65 and above were working in 2023, nearly double the figure from 35 years ago.

Furthermore, more employees are taking career breaks, transitioning between industries, and embracing non-traditional employment arrangements. Factors such as economic fluctuations, caregiving responsibilities, and technological advancements are also contributing to the disruption of traditional career paths.

Stay ahead of the curve and learn more about these trends shaping the future of work: https://hbr.org/2024/01/9-trends-that-will-shape-work-in-2024-and-beyond

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