Late Career Stage is the stage where one relaxes a bit and plays the part of an elder statesperson.
Here they give directions and instructions to younger employees owing to their experience in the industry & organization.
In the late stages of their careers, employees are considered very experienced in their professions. They may or may not be executives.
Also, during this stage, employees might be formally or informally considering semi-retirement or some sort of planned exit strategy.
This is probably a good time to mention that career stages aren’t age driven. There are many people who have multiple careers in their lifetime.
When you’re in the late stages of your career you’ll want to:
- Discuss with management participation in company mentoring programs. Knowledge management is a huge issue and you have an opportunity to share yours.
- Re-evaluate learning opportunities. Employees today realize that they need to be constantly learning, even during the later part of a career.
- Explore new job assignments and role adjustments. If a second act is part of your career management plan, what do those roles and responsibilities look like?
It is a career stage in which neither the person is learning about their jobs nor they are expected to outdo their level of performance from previous years.
• Individuals who have grown in mid career stage
• Individuals who have stagnated or deteriorated
• Typical Age Range: 55-retirement
• Major Tasks: In this stage the major task is to remain productive in work, maintain ones self-esteem and be prepare for effective retirement.