Portfolio Careers Anne Pryor's Freedom Plan Strategy - A New World of Work
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Transcript of Portfolio Careers Anne Pryor's Freedom Plan Strategy - A New World of Work
Confidential by Anne Pryor [email protected] 2017
Portfolio CareersPortfolio CareersCreating Your Freedom Plan
Presented by:
Anne PryorAnne PryorPortfolio Career Expert
AgendaAgenda
Two Minute DrillWhat is a Portfolio Career?ExamplesCreating Portfolio CareersExercises
Confidential by Anne Pryor [email protected] 2017
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Two Minute Drill
What have you been doing for the past 10 years?
What/who did you want to be as a child?
What did your folks want you to be?
Favorite toy / class?
What you’d do if you didn’t need to get paid?
Confidential by Anne Pryor [email protected] 2017
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“Don’t abandon your dreams, and don’t ever
retire them.”DAVID CORBETT, AUTHOR, PORTFOLIO LIFE
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What’s a Portfolio Career?
Balanced mix of: Work Learning Leisure Family time Giving back Tailored to an individual’s personality
and goals Source: David Corbett, Portfolio Life
Confidential by Anne Pryor [email protected] 2017
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Successful People With Portfolio Careers
Like… 75% satisfied/very satisfied
with choices 27% control activities 21% variety 19% no politics
Source: Execappointments.com
Don’t Like…. 57% continuous
networking 20% marketing, self-
promotion 32% difficulty finding
right roles 25% uncertainty
Confidential by Anne Pryor [email protected] 2017
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Less than 50% of the workforcein the industrialized world will be in
“proper” full-time jobs in organizations by the
beginning of the 21st century.”
Charles Handy
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Re engineering History
IBM Credit Experiment
Michael Hammer & James Champy
Why six days to get credit to new customer?
Walked process
Re-engineered to four hours
25,00,000 job reduced in 15 years
Source: JobShift, William Bridges
Confidential by Anne Pryor [email protected] 2017
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Workplace Facts: Why Portfolio Careers?
Shortfall of 18 M by 2018
Less women are joining workforce
Executives are leaving earlier
11.5 M people are self-employed
5.0 M people work from home
5.6 M people over 50 self employed (over 33% started their businesses after age 50)
Sources: Bureau of Labor Statistics, AARP, The Boomer Project
Confidential by Anne Pryor [email protected] 2017
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Implications of Workforce Trends
1. Need for skills not easily replicated:
Judgment
Intuition
Ethics
Inspiration
Imagination
1. Change towards age in the workplace
2. Knowledge transfer (1/5 large companies will lose 40% of their talent in 5 years)
Confidential by Anne Pryor [email protected] 2017
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Portfolio Options
Multiple employers
No full-time
Part-Time, temporary jobs
Freelance
Self-employment
Volunteering
Teaching
Interests, skills, themes
Confidential by Anne Pryor [email protected] 2017
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Portfolio Career Benefits and Risks
Benefits
• Flexibility
• Variety
• Using multiple skills
• Personal growth
• Passions
• New challenges
• Freedom
Risks• Security• Organizational skills• Self marketing• Reduced income• Isolation• Companies appetite• Healthcare costs• Benefits
Confidential by Anne Pryor [email protected] 2017
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Portfolio Career Trends
Giving back to communityLiving passionsIntergenerational connectednessLocation
Confidential by Anne Pryor [email protected] 2017
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Hank Schmelzer – Pruning Awakened Him
CEO Boston-based financial services company Age 50 set five year goal – do what he loved Hank’s Process:
Take time to compress, travel Willingness to be open to ideas, journaling Me 101 - assessments
Asked: “What makes me come alive?”Dad’s Apple Orchards, classes on pruning
Portfolio Career: PT CEO, Maine Community Foundation
Confidential by Anne Pryor [email protected] 2017
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Peter Harris
26 year Accounting Career, partner 48 years old hit wall Assessments, volunteer, family time Peter’s Portfolio Career
PT Tax Consultant
Volunteer Run summer camps… reunite siblings in foster care
Dog lover – adopted two Greyhounds
Nursing home pet therapy program
“I don’t think I’ll ever retire. I’ll just change the mix of the portfolio activities.” Peter Harris
Confidential by Anne Pryor [email protected] 2017
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Anne’s Freedom Plan
Goal, age 41 - leave corporate job (retire at 50) Freedom Plan
By age 45, pay off house, debts, save enough for 5 yrs Get healthy (individual insurance) Get M.A. degree in Spirituality / Health / Counseling Age 47 - laid off from corporate job
Portfolio Career (age 48) PT Career Consultant Consulting, teaching for non-profits Teaching wellness, Nordic Walking Created jewelry internet business, Lovitude® Speaking and training on LinkedIn & networking Volunteering, children’s arts, educationConfidential by Anne Pryor [email protected] 2017
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Value Proposition Statement
What do I do well? Where have my successes been focused?
What benefits do I have to offer now?
Where do I want to contribute?
Confidential by Anne Pryor [email protected] 2017
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D.A.T.A. Questions
What do I want to do at this point in my life? (What are your DESIRES?)
What am I really good at? (What are my best ABILITIES?)
Confidential by Anne Pryor [email protected] 2017
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D.A.T.A Questions
What kind of a person am I and in what kinds of situations and I most productive and satisfied? (What is my TEMPERMANT?)
What advantages do I happen to have / what aspects of my life history of life situation could I turn to my own advantage? (What are my ASSETS?)
Source: JobShift, William Bridges
Confidential by Anne Pryor [email protected] 2017
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Relationships / Network
What relationships do I have now that I could leverage for a PT position?
Where is my network focused?
Confidential by Anne Pryor [email protected] 2017
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Reflection
What experience have you had with Portfolio Careers?
What ideas does this trigger for you?
Confidential by Anne Pryor [email protected] 2017
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Creating Portfolio Creating Portfolio Careers: AttributesCareers: Attributes
Self-starters
Excellent time management
Organized
Believe they control destiny
Need for independence
High energy
Source: Dr. Randall Hansen
Cope with stress Not driven by money Live with ambiguity Non perfectionist Love to learn Assertive Enjoy networking Self-aware
Confidential by Anne Pryor [email protected] 2017
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New Directions Life Portfolio New Directions Life Portfolio Process Allocation ModelProcess Allocation Model
Confidential by Anne Pryor [email protected] 2017
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Internal Drivers
PassionEnergyPurposeCalling
SkillsExperienceCredentialsWisdom
ValuesMotivationsLegacy
External Drivers
Financial
Health & Well- beingCare giving
Spouse / Partner Preferences
Locations
Source: New Directions Life Model – David Corbett
13 Steps Towards Portfolio Career1. Weaning
2. Write a personal mission statement / set intentions / value proposition
3. Self assessment - hobbies / interests / personality / passions
4. Examine education / favorite classes
5. Review work history / common threads
6. Deconstruct past into skills sets
7. Weigh pros / cons
8. Develop plan: jobs, skills, prospects, schedule, office space, budget
9. Get organized
10. Support team
11. Leverage network / relationships / associations
12. Always be “ON”
13. Develop new mindset / see possibilities / freedom to exploreConfidential by Anne Pryor [email protected] 2017
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Tactical Planning ExampleTactical Planning Example
Confidential by Anne Pryor [email protected] 2017
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What’s Next?What’s Next?
1. Reflection
2. Assessment
1. MBTI, Strengthsfinder, Strong Int. DISC
2. I believe
3. Skills
4. SME over the years
3. Plan
4. Implement
Confidential by Anne Pryor [email protected] 2017
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Resources
The Career Mystique. Phyllis Moen & Patricia Roehling.
Portfolio Life, The New Path to Work, Purpose, and Passion After 50. David Corbett & Richard Higgins.
JobShift. William Bridges.
Now Discover Your Strengths. Marcus Buckingham.
Confidential by Anne Pryor [email protected] 2017
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Websites
AARP www.aarp.org
American Creativity Association www.amcreativityassoc.org
AmeriCorps www.americorps.gov
BoardSource www.ncnb.org
Boomers Redfining Life After 50 http://p.hostingprod.com/@boomerstv.com/index.php/
Center on Aging & Work www.agingandwork.bc.edu
Confidential by Anne Pryor [email protected] 2017
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Websites
Civic Ventures www.civicventures.org Cross-Cultural Solutions
www.crossculturalsolutions.org Doctors Without Borders
www.doctorswithoutborders.org Earthwatch Institute www.earthwatch.org Elderhostel www.elderhostel.org Executive Service Corps www.escus.org Experience Corps www.experiencecorps.org Global Volunteers www.globalvolunteers.org
Confidential by Anne Pryor [email protected] 2017
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Websites
Habitat for Humanity www.habitat.org
Idealist / Action Without Boarders www.idealist.org
Institute for the Future www.iftf.org
International Executive Service Corps www.iesc.org
International Senior Lawyers Project www.islp.org
Mentor www.mentoring.org
MIT AgeLab http://web.mit.edu/agelab
Confidential by Anne Pryor [email protected] 2017
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Websites National Assn of Corporate Directors www.nacdonline.org
Osher Lifelong Learning Institutes National Resource Center www.usm.maine.edu/olli/national/
Peace Corps www.peachcorps.gov
Public Policy Institute of CA www.ppic.org
SCORE www.score.org
Senior Corps www.seniorcorps.org
Confidential by Anne Pryor [email protected] 2017
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Websites
Smithsonian Journeys
www.smithsonianjourneys.org
University Continuing Education Assn. www.ucea.edu
USA Freedom Corps www.freedomcorps.gov
Volunteer Solutions www.volunteersolutions.org
World Future Society www.wfs.org
WorldTeach www.worldteach.org
Confidential by Anne Pryor [email protected] 2017
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Assessments
Aptitude Testing:
Watson Glaser – Measures ability to identify critical marketplace opportunities and/or to understand what activities are critical to the organization’s short-term survival.
Wesman – Measures ability to think abstractly and conceptually (i.e. to see the “big picture”). This aptitude is required for long-term planning.
Vocabulary – Measures breadth of knowledge.
Numeric Reasoning – Measures logical-mathematical intelligence, a requirement for efficiently preparing and monitoring numeric controls.
Verbal Reasoning – Measures the ability to use sequential logic to persuade others to one’s point of view.
Space Visualization – Measures ability to think in three dimensions, mechanical orientation, logistical ability, and the capacity to navigate one’s way through multiple, simultaneous demands.
Confidential by Anne Pryor [email protected] 2017 39
Resources For Portfolio Careers
BOOK IN CPI LIBRARY:
Corbett, David D. and Higgins, Richard. Portfolio Life: The New Path to Work, Purpose, and Passion after 50. Jossey-Bass, 2006. [HB 2583 .C67 2007]
ONLINE ARTICLES:
Ham, Nina, CPCC, LCSW. “Portrait of a Portfolio Career: Answer to the ‘Perfect Job’?” Summer 2004.
http://tinyurl.com/PortfolioCareerPerfectJob
Hansen, Randall S., Ph.D. “Quintessential Careers: 10 Portfolio Career Tips.”
http://www.quintcareers.com/portfolio_career_tips.html
Hansen, Randall S., Ph.D. “Quintessential Careers: Portfolio Careers: Creating a Career of Multiple Part-Time Jobs.”
http://www.quintcareers.com/portfolio_careers.html
Jacowski, Tony. “A Portrait of a Portfolio Career: An Answer to the Perfect Job?” 3/4/2007 http://tinyurl.com/PortfolioPortrait
Confidential by Anne Pryor [email protected] 2017
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Resources For Portfolio Careers
Online Articles: King, Chris. “Creative Keys: What Is a Portfolio Career and How
Can I Get One?” http://www.creativekeys.net/portfoliocareer3.htm Spherion. “Portfolio Careers are on the Rise.” 2008. http://tinyurl.com/SpherionPortfolioCareers Trunk, Penelope. “Brazen Careerist:v The Portfolio Career: To
Find Fulfillment Try Simultaneous Careers.” 7/4/2006 http://tinyurl.com/PortfolioCareer Wilcox, Angela. “Portfolio Careers Represent a New Trend in
Today’s Society.” 10/27/2008 http://tinyurl.com/PortfolioNewTrend
Confidential by Anne Pryor [email protected] 2017
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Confidential by Anne Pryor [email protected] 2017
“
“Work is Love in Action”
Thank you!Thank you!Anne Pryor