14 Telltale Signs It’s Time For A Career Change
First and foremost, a job is a source of a paycheck. But ideally, it should also offer you other gains, like stimulating challenges, a sense of accomplishment, and opportunities for advancement.
If you have found yourself stuck in a profession that is lacking in more ways than one, you might be considering a career change.
And you’re certainly not alone. According to LinkedIn, millennials are 50% more likely to relocate and 16% more likely to switch industries for a new job than non-millennials.
And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. But deciding to leave behind a steady job to take a chance on a new profession can be difficult — and scary. Here are 14 ways to know that it might be time to switch careers.
According to OfficeVibe, 70% of US workers are not engaged with their work, and while 90% of leaders think an engagement strategy would help their employees, fewer than 25% actually have one in place. If you’re in a job or industry that’s leaving you unchallenged and bored, then it might be time to move on.
Ideally, we walk into each workday with a passion for our calling and the zeal to tackle what’s ahead. But if you notice yourself sinking into a sense of apathy, and you simply don’t care about what you’re doing anymore, then it’s time to take a good, hard look at the situation.
Some people are happy to permanently stay in their current position, and that’s just fine! But if you have aspirations of moving up in your industry and you’re not being promoted, you might be in the wrong business. (That said, promotions are earned, so if you’re expecting to be promoted after a few months on the job, that’s a different issue.) Whether you’re not suited for higher-level positions or there’s no room to move up, you might want to explore an industry where there’s more opportunity for advancement.
A whopping 89% of employers think that employees leave their jobs for more money, when in fact only 12% actually do. However, not making enough money to support the lifestyle you have and/or want is a perfectly reasonable reason to aim for a new career.
Being unhappy at your job can go far beyond boredom and apathy (although those are troubling enough feelings). Many careers inherently come with physical and mental demands, but if it’s gotten to the point where those demands are negatively affecting your well-being in some way, then you might want to consider if this is the right place for you to be.
Despite your own success and perhaps the success of the company you work for, industry hits can be hard to take. According to LinkedIn, millennials have been abandoning retail, government, education, nonprofit, and media industries in recent years. And where are they headed? To search for work in the tech, health care, and finance areas. If your industry is sluggish, then perhaps you should look at these hot fields as well.
Certain industries have location-specific hubs — like the entertainment industry is predominantly centred in Los Angeles, and the media industry is big in New York — and that might not fit with your dream of living on a ranch in Montana. Sometimes it’s possible to relocate within your own industry, but if that’s not a likely possibility, a career switch might be the best option if geography is important to you.
Opting for a new career could require new skills and additional expertise. So if you find the idea of going back to school exciting, as opposed to daunting, then you might be ready to make the leap into a new profession. You should also keep in mind that there are plenty of options when it comes to additional education, such as full-time and part-time programs to suit your schedule.
While you might have moved up the ladder in your current profession, switching careers could mean that you’ll have to start from the bottom again. It’s not necessarily easy to apply for entry-level jobs when you’ve been a working professional for years, and it can be awkward when your superiors are younger than you, but if you really want to explore a new industry, then you need to be willing to pay your dues all over again.
They say if you love what you do, you never have to work a day in your life. While that may or may not be true, if you’re not feeling fulfilled in your current job, then you might want to take a look at your hobbies to find a new direction. However, you should also be aware of the drawbacks of turning a beloved pastime into a money-making endeavour.
Starting a new career doesn’t necessarily mean starting from scratch. If you already have a thriving side hustle, it might be the perfect opportunity to focus on it and launch a full-time business that will allow you to leave behind one industry for another that you’ve already dipped your toes into.
If you’ve spotted a niche that needs to be filled, then this could be your big chance to make your mark. Whether you’re creating a new space within your current profession or are considering a jump into an entirely new vocation, creating a space for yourself is often a better option than trying to eke out a spot in an already saturated industry.
Leaving a job to take a chance on an entirely new career can be risky, and it can temporarily turn your life into a career-based roller coaster filled with exciting highs — and scary lows. That’s why you might want to make sure your life is stable enough to handle a major change. While there may never be a perfect time to take the leap, if you’re about to have a baby or buy a house, you might want to wait for a more opportune moment to switch careers. But if it appears to be smooth sailing ahead, then this could be the safest time to dive into your big endeavour.
Switching careers can often mean that your finances take a temporary hit. You might end up without a paycheck while you’re transitioning from one job to another, you might need to hand over big bucks for additional education, or you might have to take an entry-level job that pays much less than what you currently make.
Before you quit your job to explore a new career, be sure that you have enough money tucked away in your savings account, or you have a partner to help pay the bills so that you don’t end up in a tight spot. But if you have a financial safety net, then this could be the perfect time to roll the dice.
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