The Week That Was

Rain in the forecast this weekend? Good — now there’s an excuse to dig into these top five stories from for the week of July 23.

1. What to Do When a Rising Star Falls: When a top performer fails, do you remove him or her from the company or give the person a second chance? Talent Management columnist Kevin D. Wilde explores.

2. Is HR Doomed?: HR need not go quietly into the night. The trick is to avoid forcing unnecessary activity on the rest of the enterprise and focus on what is important, writes Talent Management blogger Dan Bowling.

3. Management Mistakes That Waste Valuable Time: With executives under fire for driving their companies into the ground – and with them the global economy – Talent Management blogger Aubrey Daniels says it’s time for a managerial paradigm shift that focuses on the root of all booms and busts: individual behavior.

4. Take CEO Coaching to the Next Level: Don’t be content with a mediocre CEO. Use these leadership development tips to boost performance, writes Dave Brookmire, an executive adviser who has coached executives at companies including The Cheesecake Factory, Darden Restaurants and Frito-Lay.

5. Tips to Pick an Executive Coach: There are a lot of things HR managers should consider — including how to pick a coach for a “nightmare” scenario. Talent Management editor Frank Kalman has more.

In Other News

Some encouraging news for the older job seeker: recruiters and hiring managers still want you.

That’s according to this article from CNN Money from earlier this week, which cited analyst conducted by outplacement firm Challenger, Gray & Christmas using U.S. government data.

Challenger set out to analyze government employment data by age group, going back to January 2010, the article said, and the researchers made an interesting discovery: Of the 4,319,000 jobs created in the U.S. during the past two and a half years, about 70 percent — or 2,998,000 jobs — went to people aged 55 or older.

The findings clash largely with the recent sentiment that older job seekers were being passed by in favor of younger, tech-savvy professionals, or those with a go-getter attitude, as the article put it.

The good news didn’t end there.

“Overall unemployment for this group” — those 55 or older — “fell from 7.1 percent in May 2010 to a current level of 6.5 percent — well below the 8.2 percent rate for the workforce as a whole, and far lower than the 10.2 percent unemployment rate for workers between the ages of 20 and 34 in the same time period,” the article said.

But wait, there’s more …

“One myth is that older workers are finding only low-paying jobs in retail or other service-oriented industries,” notes CEO John Challenger. But, in fact, “some of the biggest employment gains for those 55 and up have occurred among managers and professionals.” In May of this year, 6,274,000 people over 55 were employed in management and financial operations, the article said, a 12 percent increase from 5,581,000 in May 2010. The number working in professional occupations (lawyers, accountants and the like) has also risen by 10 percent in the past two years.