University of Chicago economists estimated in May that 42 percent of jobs eliminated in the pandemic are not coming back.
Individuals change jobs for many reasons, including greater professional satisfaction, money, or a change of location. A 2019 Bureau of Labor Statistics survey of baby boomers revealed that people change jobs more frequently than many people may think, noting that today’s average worker changes jobs 12 times during his or her career.
Once the idea for a career change has been planted in a person’s mind, he or she may be anxious to jump right in. However, career coaches and other experts say that it is better to take the transition slowly and confirm that changing careers is truly the path to take. Finding the right time for the transition is equally important. These steps can help professionals as they decide if the time is right to change careers.
RESEARCH THE MARKET
Look into the industries for the field you are considering. Is it the right time for success in this field? Industries tend to ebb and flow. Do not leave a job only to find the next career has few, if any, openings. Job growth projections are available through resources such as the U.S. Bureau of Labor Statistics.
ASSESS YOUR PREFERENCES
Another area of consideration is what you like to do. Leaving a job may be based on finding a career that caters to your interests. Make a list of the types of careers you find appealing. To get help, take a career assessment quiz online.
SALARY’S NOT EVERYTHING
Career center Monster.com says that being financially strategic when choosing a new career is important, but shouldn’t be the only factor. Your personal values, experience, and other factors such as family should weigh heavily into your decision as well.
USE YOUR NETWORK
The notion that “it’s not what you know, but who you know” has some truth to it. Successful job seekers continually expand their professional contacts. This is achieved by going to informational interviews, attending trade association meetings, and reviewing trade publications. Target people who work at the companies where you see yourself, so you can get the inside track about job openings.
GET NEW SKILLS
Learn which skills you have that are transferrable to a new career and which ones you may need to acquire. Take a course or two or sign up for training seminars. Don’t immediately assume you need to return to school before investigating other less costly avenues.
Changing jobs and careers takes effort, but the results can be worth it in the long run.