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Sunk Time. Sunk Costs. Sunk Talent?

I recently conducted a research study with Samantha Hupp and The Insight Advantage exploring issues related to women and career development today. We asked nearly 400 women to share their most frequently occurring self-limiting beliefs.

Despite the broad age range of the subjects (23-70+), the data reflects surprising similarities in the nature of the negative messages that women think or actually articulate. In fact, the three most frequently cited messages appear in the top five items for all age ranges evaluated:

  • Bragging is not becoming.
  • Be nice…nobody wants to work with a b%@*h.
  • I am too far along to change my career path now.

Women ages 23-49 share concerns about bragging as their most profound self-limiting belief. While 51 percent of women ages 50 and over report this thinking pattern, it ranked as their third most frequent self-limiting belief behind the other two.

The idea that women must use care to be pleasant and not be perceived as too hard charging, demanding, or aggressive weighs heavily on women as well. This was the second most frequent self-limiting belief for all women surveyed, regardless of age.

But most surprising is the frequency of women’s internal messages about being too far along in their career paths to make a change. One might expect that women in their 50s and beyond would think or say such things, and 61 percent reported doing so. Not surprisingly, 53 percent of women in their 40s responded similarly.  But what we never predicted was that women as young as 23 would share this sentiment. In fact, 44 percent of women ages 31-38 reported frequently thinking or speaking this message, and a shocking 46 percent of woman 23-30 reported the same thing.

Mitigating a Misguided Mindset

What’s particularly troubling about the results of this study is how wildly incompatible these beliefs are with the realities of today’s workplace. Younger entrants to the workforce are going to be living and working longer than any generation in the past. Some experts estimate that 50 percent of millennials will live to 100 years, work well into their 80s, and hold 12 or more jobs over the course of their careers. There is sufficient runway for shifting one’s focus or even one’s entire career trajectory — not just for the youngest workers but for all of us.

Consider these examples:

  • At 31, Jeff Bezos closed the door on Wall Street and opened the doors of Amazon.
  • At 34, Andrea Bocelli left law for an operatic career.
  • At 36, Julia Child transitioned from retail advertising and the intelligence service to famous chef and cookbook author.
  • At 40, Madeleine Albright began her diplomatic career and Vera Wang entered the fashion industry after a career as a figure skater and journalist.
  • At 52, Ray Kroc parlayed selling milkshake machines into the world’s largest fast-food franchise.
  • In their 50s, Ronald Regan, Michael Bloomberg and others pivoted to politics.

Despite the high-profile examples of individuals who’ve made significant career changes at all stages of life, this study suggests a significant reluctance — even on the part of those with likely the most time left in the workplace. Perhaps it’s rooted in the relationship women have with aging. Or concern for family-related implications. Or lack of role models. Or absence of a clear understanding of the volatile and dynamic workplace that demands constant change. Or just simple inertia.

While more research is required to fully understand the surprising findings of this study, leaders should be aware of the misguided (and even self-defeating) mindset that some of the women whom they lead may possess. And leaders need to be prepared to challenge women (and men for that matter) to think well beyond today, and help them reframe their investment  of ‘sunk time and cost’ as the preparation for what’s next in their careers. And as they do, guide others toward the realization that it’s never too late to have the life — or job, skills, experiences — they imagine or desire.

 

Want to learn even more about how women view career development today? Download the full research summary report here.


2 comments on “Sunk Time. Sunk Costs. Sunk Talent?

  1. Anji Marychurch on

    That’s really interesting reseach findings Julie. Also very surprising to read about younger women feeling they can’t change careers. I totally support what you are saying – you only have 1 life so live it is my motto!

    Reply
  2. Julie Winkle Giulioni on

    Thanks for your comment, Anji. I was equally surprised… particularly given what we know about how long millennials will be working. Love you motto! Life is too short (or too long) to not do what we know we’re meant for and want.

    Reply

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