A Job Consultant is paid for sharing his or her expertise, specialty and knowledge to help businesses attain goals and solve problems. Businesses often hire consultants to supplement their staff and save the costs of hiring a full-time employee. For those of us over 50, this can be a particularly lucrative endeavor, but there certain pitfalls and drawbacks that you need to know before just jumping into this career path.
A business or job consultant is hired to supplement, enhance or problem solve due to their expertise in a particular area. They help business solve pain points. Such as:
Job consultants not being blinded or to vested in current situations typically can see things from a fresh point-of-view, and present new ideas. Since consultants are not tied to any particular corporate culture or peer scrutiny or swept up into morale issues, a consultant can act as a unbiased catalyst for change, and be a go between often moderating change that makes sense for all sides and all levels of management.
Being in our special over 50 age group, we have seen it all and have done it all, and can bring real life lessons into situations. Our age and experience allows us to bring-in and present ideas and experiences with authority.
Younger professional just don't have that, "been there, done that", experience, and THAT is a qualification that only folks in our age group can bring to the table...so exploit it and profit from it!
Whether you want to make this your next career move (and make a good living doing so), or your just looking to keep busy in semi-retirement, there are opportunities as a job consultant that are right for you.
While there are no degree requirements for a consultant, you do need to have vast knowledge and experience in a particular field. In addition to expertise, a consultant should have a track record of past accomplishments.
Individuals with higher levels of education and experience will generally receive greater compensation for their services. Consulting is a broad area of interest, and, from businesses to personal services, there's a consulting opportunity for practically every industry and every professional.
Most successful consultants have a skill set made-up of a combination of learned techniques acquired from firsthand experience, higher education, professional certifications, technical skills and, to a lesser degree, natural personality traits.
These skills include the following:
Assignments and tasks of a job consultant can vary depending on the industry, specific field, need and desired expertise, or helping to an organization to improve a particular component of their business (work and process flows, disaster planning or succession planning) - especially with ownership changes or integrations and new system implementations - sometimes a few weeks is what's needed, and sometimes a few years are required.
Consultants may sometimes be asked to teach a business' employees how to become better on a new software program or some other skill that increases productivity or generates more revenue. They're also expected to provide advice, make recommendations and excel at problem solving and possibly negotiations.
Often during the start-up of a new business or to re-energize a failing one, you may be asked to help in reorganizations, including the termination of individual employees or entire departments. Sometimes a business just needs help in credit and collections, accounts payable, audits, or during rush and peak seasons.
Earnings vary depending on the field of consultancy and whether a consultant works for a large company or is self-employed. Earnings can be high for successful self-employed consultants, while company employees enjoy possible additional compensation such as profit sharing, bonuses, stock ownership and health benefits.
Salaries for consultants also vary depending on area of expertise.
For example, according to PayScale.com, current average annual salary for management consultant is over $87,000, for an IT consultant the current average salary is over $78,000 and for a tax consultant the current average salary is over $60,000 - but all those salaries can grow quickly to over $100,000+ if you bring value.
Keep in-mind the drivers and pain-points of the businesses looking to hire you - the more the need, the more expertise you can bring, and the more they see you as the solution to their problems...the more you'll make.
Starting a career or transitioning into consultancy is a great choice (and sometimes the ONLY choice for those of us over 50), but there are certain pitfalls and drawbacks that you need to be aware of and avoid.
While being a job consultant may seem like an ideal career choice, particularly if you enjoy the idea of being your own boss, have a strong resume or CV, picking your assignments and making your own hours certainly can seem appealing, but there are a few drawbacks...such as:
As stated in the first paragraph...A consultant is paid for helping businesses attain goals and solve problems.
For those of us over 50, this can be a particularly lucrative endeavor with all of our gained experience, but just be aware of and prepare for the possible pitfalls, stressors and drawbacks.
This site's success will hinge on me helping you solve problems. For those of us over 50, we face more challenges than others younger than us when competing for jobs and getting doors to open.
I invite you all to share your stories of challenge and successes. We all can learn from those who have faced the same challenges. The idea here is to help and be helped - so please add your comment or insight!
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