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Given India's population, the utility and value of employees reaching 40+ is decreasing given a smarter and more agile younger workforce, what can this aging population do to sustain for another 20...

Given India's population, the utility and value of employees reaching 40+ is decreasing given a smarter and more agile younger workforce, what can this aging population do to sustain for another 20 years or may be more as avg. Life span is increasing. In what areas can they Upskilling themselves?

Upskilling for 40+

Business Development Manager

Upskilling for 40+- Grapevine

Welcome to Business Roles's Private Community

Will most of the people will lose their job because of age factor? Younger workforce will throw out most of the 40s workers?

Job at the age 40

Consultant

Welcome to Software Engineers's Private Community

We often hear about the importance of learning new skills in the software industry, whether it's for staying relevant or advancing in one's career. 

Do other fields like Doctors, civil engineers, or bank employees 😀 also focus on upgrading their professionals' skills?

 And if they do, do they have to put in as much effort as we the software engineers put in? 🤔

Upskilling in other industries

Software Developer

Welcome to Indian Startups's Private Community

I was curious, that what will happen to the people who are right now working in growth, program managers, or in fact as business analysts, SDEs after 15 years.

 I am 25 Years old right now, and all I can see is people aged between 21-30 in startups. 30-35 year old people are less than 5% of the workforce. After 10 years, all my age group people will be 35, and all the roles I see at that age, are too scarce. 

Will it be too difficult to switch jobs then, or career, hikes will kinda stagnate there? 

Want to know from other experienced people that where does the crowd go?

What after 15 YOE?

I am close to 15 years ex. So probably i can answer i guess. In my area of work, i see all the less experienced folks not much capable in understanding the whole picture of business for creating roadmaps and strategies , cannot do stakeholder management much and moreover do not understand failsafe situations . That way i feel my job is safe. I can also do the job which my 2 year experience person does and in a better way and can also work like my manager who is probably 20 years experience and lead the teams.  
 As long as one is technically relevant , experience is a boon for orgs.

Software Project Manager

Product Manager

Welcome to IT Company Discussion's Private Community

What to do after 45+ age if a company doesn't consider me as a productivity

I am at 20 lpa and I’m 36 how can I Upskilling to earn better I have 10 years domain knowledge in banking and 2 years in project management

Process Manager

Is software industry oversaturated? Do you feel companies will discriminate with us once we hit 40+ age as more and more people are coming into it? I can see class 6 th and 7 th std kids are doing coding just like we had fad for jee classes. If there is oversupply of enggs. companies, whatever the fate mech and civil branches suffered, cs will bear the same. Should one go for mba( off course from top colleges) ?

Software as a career

Software Engineer

Is it really hard to survive in IT sector India after 40plus age ?

Welcome to Office Gossip's Private Community

"Companies today have a young workforce, with even their CEOs being under the age of 40. With a low average age today, companies prefer hiring younger candidates, simply because they'd gel well with the company culture and work design."

Retirement age 40

Software engineers having 1+ YoE working full-time (not internship), how do you folks upskill apart from regular work at the office?

What do you do for upskilling?

How much effective are the upskilling courses available on internet and more specifically launched by the IIITs and IITs? What are the challenges in such initiatives making it unable resolve the unemployment and underemployment in the industry?

Upskilling

How is future in IT after 45+ age?

To be very honest I feel very frustrated looking at the situation right now. Companies are laying off without worrying about the employees. It's just corporate profits everywhere.

I am scared to death that my career won't last long than 20 years because the moment these folks think you are becoming a financial burden on them, they'll lay you off.

I don't want to live my life in a constant war mode. The Indian education system has bruised my personality for a long time. I want to relax but looking at this battlefield I can never.

My weekends are spent worrying about planning for finances in case I get laid off. I am worried I won't be able to buy a house.

This shit is depressing me very much. Other folks please tell me how are you navigating this mess?

Soulless Corporations

Mandatory : keep on up skilling 
 Optional :  go outside India or move to operational roles(as it doesn't need creativity bone)  
  
 In your 30's you shouldn't explore stuff, stick with one domain(example : digital marketer) be the SME. In 40s you'll have 10+ years experience of a domain, and you're part of that domains evolution  
  
 No one wil have the know how you gained in 10 years

Program Manager

When will the job market improve at start ups in India? What factors will drive the improvement? Job market = availability of jobs, better salaries, minimal layoffs

Job market - Indian startups

Data Analyst

I was recently impacted by layoff and having 20yrs of exp into application support and service management with last 10yrs grown into a middle management role(limited tech hands-on and no dev experience nor CS background)

While I am financially ok atm and can manage staying at home for next 12-24 months, I am not financially independent yet. its getting too boring and I want to get back into some sort of work routine as I am keen on retirement yet.

Challenges I am seeing with finding a new opportunity:

- The job market seems to be quite restricted for senior roles with that experience
- Few that came across were at a substantial low salary.  
- Some others required significant hands-on experience 

Thought process::

- While salary is not a major concern, I am not sure if I makes sense to take a pay cut.
- Given the speed of tech changes, not sure what kind of learning/certification would be helpful
- Even if I do tech self-learning, lack of practical hands-on seems to be a drawback
- At 40+ while I am open to work hard and learn, i view is to find a job and learn into it , rather than other wat round

Any guidance/pointers would be appreciated. As would any leads/introductions on suitable opportunities you know of.

What next at 40+

Start a hotel of your own or a small CCD why work in boring mncs

Analyst

Asking for people who feel contended with what they do and how much salary they draw.

Why won't Indian IT companies allow a person to play the same role till retirement? Other sectors allow this. Even in US, I have seen people working as developer or tester or DBA at the age of 60.

Planning out finances, hence this question. Also, we are the first generation (in most families) to retire from this sector. What is the age of the most senior employee you know in software. Hardly only 10% make it to the board/senior levels. How about the rest? And can we really take on this kind of stress and work after our 40s and compete with the younger generation?

What is the typical retirement age in the software industry?

I have my senior managers who are 32-33 and are making 1cr+ per year.
What do people do at the age of 40 or 50
Is there a scope for further salary increments or role increments?

Unless someone works at a company like HUL, what is the future?

Long lasting in corporate

Business Analyst

Yes there are abstract answers but can someone please clarify how to and what to do, also layoff fear is all around us. Please drop your valuable advice.

Thanks in advance.

AI will replace techies, So what to do?

Investor

Folks of Grapevine with experiences observing friends, co-workers, and yourself getting let go of my companies. Everyone around you says you should 'upskill' professionally, but every field, role, org has different definition of 'skill' that needs to be attained.

Drop in the ways you've approached Upskilling that has been advised to you for remaining relevant.

P.S. I'm building something that leaves no one behind in the age of AI, and this would help it tons

Get 'Upskilled'

Founder

Welcome to Data Scientists's Private Community

I am an entry level analyst in at Deloitte. Just wondering if these are some signs of a practice not doing great + potential layoffs in a few months/year.

1. Utilization: ~45% last quarter. They originally said that it was a slow start to the year with low CapEx by companies but we still don't look good this quarter now.

There was a small call last night between a few people in this project level meeting and the senior management straight up said "Their is no demand and people are still on bench. We need to reallocate some headcount"

2. Headcount growth - Last 1.5 years ago, every month we had 10-15 people join our practice, This has literally gone down to 1-2 hires to replace people who have left.

3. Resignations: 6-7 people are leaving every month in my practice, which is quite harsh. Someone told me that everyone they used to work with when they joined have already left.

4. AI-pocalypse - I feel most companies think that they can now do AI inhouse and niche projects but higher costs because of MS/PhD folks working on it is something they dont want to go for anymore.

If a layoff is incoming, what would be the best ways to prep?

I see two options:
1. Getting on a boring sad project but long term.
2. Do nothing: I am literally the cheapest resource in the company so they would ideally layoff senior folks first, right??

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