Conventional wisdom says that it is near impossible for later stage career workers who are north of 55, are often out of luck in a competitive hiring environment. The facts indicate otherwise.
The 55 and older crowd is the only age group with a rising labor-force participation rate. Interestingly, more than 60% of workers who are 65 or older now hold full-time positions up from 44% in 1995. Another factlet that caught my attention was a Kauffman Foundation study that indicated that 26% of entrepreneurs who launched businesses in 2015 were between 55 and 64 years old, up from 14.3% in 1996.
On the executive search front I can confirm that increasingly, executive charged with hiring senior roles often are open to hiring later stage career executives. For example, recently we completed a CEO search for a public company and the successful candidate was 65 when he reported for work. The reality is that someone who has seen it all through multiple economic cycles has a perspective and wisdom that otherwise would not come along with a more junior hire.
In my view we will see these statistics continue to grow in favor of those who were once deemed to be “over the hill.”
Job Listings
GREENLAND USA
Architectural Design Manager
(SOUTH SAN FRANCISCO, CA) Duties include: providing input to the design and construction schedule; tracking and executing milestone completions as may be required by various agreements associated with a development or design project; communicating technical implications of design decisions; and leading the development and integration of all technical aspects and content of projects.
SALT LAKE CITY
Chief Operating Officer – Redevelopment Agency
(SALT LAKE CITY, UT) Reporting to the Chief Executive Officer of the Redevelopment Agency, incumbent will direct, coordinate, and monitor all activities of the City's Redevelopment Agency; formulate and execute programs; and ensure budgets and fund proposals are prepared.
MCDONALDS CORPORATION
Area Real Estate Manager
(PORTLAND/SEATTLE, WA) Pacific Northwest Field Execution Team of McDonald's USA, LLC has an opening for an Area Real Estate Manager, who will be accountable for all real estate activities within assigned geographical area. Individual will partner with the Area Construction Manager to enhance convenience, customer experience and relevance through new site development and the existing real estate portfolio, while maximizing system profits, regional income and return on investment.
ERNST & YOUNG
Senior Manager – Transaction Real Estate (Appraiser/MAI)
(NEW YORK, NY) Position will work closely with the leader of the real estate valuation practice to develop new business and support existing clients in the northeast. Duties include: leading and managing multiple transaction real estate valuation engagements; serve as the primary valuation point of contact for managers, senior and staff analysts in the valuation practice; and assist with engagement scheduling and general practice management.
HR & A Advisors
Summer Analyst Fellow
(NEW YORK, NY) HR&A seeks full-time Summer Analyst Fellows for 12 weeks in our New York, Dallas, Los Angeles, Raleigh, and Washington, DC offices. Fellows are asked to take on responsibilities in line with those of the core analytical staff at HR&A. Typical assignments include market and case study research, economic and financial analyses, and public policy assessment, as well as the preparation of marketing materials, proposals, and client deliverables in the form of written reports and memos.
CITI
CRE Specialist
(NEW YORK, NY) Position will assume responsibility for the management of a credit portfolio of Commercial Real Estate relationships in the Private Bank; work closely with Loan Originators to conduct required due diligence to evaluate and structure new Commercial Real Estate transactions; and interact with clients, their financial representatives, and Private Bankers to obtain financial data.
AEW CAPITAL MANAGEMENT
Asset Management Analyst
(LOS ANGELES, CA) Analyst will support Asset Manager in the Direct Investment Group on assets through data collection, cash flow modeling, competitive analysis, research analysis and annual business plan and budget preparations; prepare quarterly cash flow projections; share accountability for budgeted results and supports the budget versus actual analysis; and support in restructurings, sales and asset financings as required.
GOLDMAN SACHS
US Real Estate Acquisition Vice President
(IRVING, TX) Primary duties include: sourcing, underwriting and closing appropriate commercial investment opportunities as well as overseeing the asset management of the assets once acquired.
Once investments are closed, the candidate will be responsible for asset managing the investments, which includes leasing strategy, business plan preparation and presentation, developing monthly cash flow projections, monthly and/or quarterly reporting, management and oversight of third party service providers,
Conventional wisdom says that it is near impossible for later stage career workers who are north of 55, are often out of luck in a competitive hiring environment. The facts indicate otherwise.
The 55 and older crowd is the only age group with a rising labor-force participation rate. Interestingly, more than 60% of workers who are 65 or older now hold full-time positions up from 44% in 1995. Another factlet that caught my attention was a Kauffman Foundation study that indicated that 26% of entrepreneurs who launched businesses in 2015 were between 55 and 64 years old, up from 14.3% in 1996.
On the executive search front I can confirm that increasingly, executive charged with hiring senior roles often are open to hiring later stage career executives. For example, recently we completed a CEO search for a public company and the successful candidate was 65 when he reported for work. The reality is that someone who has seen it all through multiple economic cycles has a perspective and wisdom that otherwise would not come along with a more junior hire.
In my view we will see these statistics continue to grow in favor of those who were once deemed to be “over the hill.”
Job Listings
GREENLAND USA
Architectural Design Manager
(SOUTH SAN FRANCISCO, CA) Duties include: providing input to the design and construction schedule; tracking and executing milestone completions as may be required by various agreements associated with a development or design project; communicating technical implications of design decisions; and leading the development and integration of all technical aspects and content of projects.
SALT LAKE CITY
Chief Operating Officer – Redevelopment Agency
(SALT LAKE CITY, UT) Reporting to the Chief Executive Officer of the Redevelopment Agency, incumbent will direct, coordinate, and monitor all activities of the City's Redevelopment Agency; formulate and execute programs; and ensure budgets and fund proposals are prepared.
Area Real Estate Manager
(PORTLAND/SEATTLE, WA) Pacific Northwest Field Execution Team of
Senior Manager – Transaction Real Estate (Appraiser/MAI)
(
HR & A Advisors
Summer Analyst Fellow
(
CITI
CRE Specialist
(
AEW CAPITAL MANAGEMENT
Asset Management Analyst
(LOS ANGELES, CA) Analyst will support Asset Manager in the Direct Investment Group on assets through data collection, cash flow modeling, competitive analysis, research analysis and annual business plan and budget preparations; prepare quarterly cash flow projections; share accountability for budgeted results and supports the budget versus actual analysis; and support in restructurings, sales and asset financings as required.
US Real Estate Acquisition Vice President
(IRVING, TX) Primary duties include: sourcing, underwriting and closing appropriate commercial investment opportunities as well as overseeing the asset management of the assets once acquired.
Once investments are closed, the candidate will be responsible for asset managing the investments, which includes leasing strategy, business plan preparation and presentation, developing monthly cash flow projections, monthly and/or quarterly reporting, management and oversight of third party service providers,
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Anthony J. LoPinto
Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.
