Self-Employment and Baby Boomers: Ten Tips for Your Clients
✍ Scribed by C. W. VON BERGEN; BARLOW SOPER; RICHARD M. FLICKER
- Publisher
- American Counseling Association
- Year
- 1998
- Tongue
- English
- Weight
- 624 KB
- Volume
- 35
- Category
- Article
- ISSN
- 0022-0787
No coin nor oath required. For personal study only.
✦ Synopsis
The movement toward growth that characterized American industry for much of this century has now changed to a trend of consolidation. Consolidation typically includes layoffs, reductions in force, and restructuring. Such downsizing has caused baby boomers holding executive. managerial and professional administrative posi- tions to consider self-employment opportunities. This article discusses how career counselors can assist these clients in evaluating and making the move from corporate America to self-employment.
The movement toward growth that characterized American industry for much of this century has now changed to one of consolidation. Consolidation typically means layoffs, reductions in force, retrenchment, restructuring-and unemployment (Burke, 1992). As Champy (1995) noted, "The human jetsam of the last five years adds up to 1.4 million executives, managers, and administrative professionals, as against 782,000 from 1981 to 1986" (p. 19). This trend is commonly referred to as downsizing in the business and academic literature, although some individuals freely substitute the more optimistic term rightsizing. Downsizing encompasses a whole range of activities, from personnel layoffs and hiring freezes to consolidations and mergers of organizational units, all designed to reduce expenses by reducing the size of a n organization's workforce (Kozlowski, Chao, Smith, & Hedlund. 1993) Downsizing, especially by major corporations, has become so widespread that it has been a featured topic in such popular