Did you know the average person changes careers five to seven times between the start and end of their time in the workforce?
Some people know early on what career path they want to pursue. They have a singular focus, earn good grades in school, enroll in the right program at a reputable post-secondary institution, and find suitable jobs.
Others might head to college with no clear career focus, bounce around from job to job after graduating, and eventually settle into the right career.
According to one source citing the U.S. Bureau of Labor Statistics, American employees made a median salary of $1,139 weekly in the first quarter of last year. That worked out to $59,228 annually. While money isn’t everything, it does factor into why many people change jobs.
Another source notes that 45% of American workers planning to switch jobs in 2024 said they required a higher salary. So, while money isn’t the only motivating factor, it’s at least partially about the Benjamins.
Here are five reasons to consider leaving your current career and looking elsewhere.
1. Lack of Passion
It’s hard to go to work day after day if you’re not motivated, challenged, and excited about what you do. If you’re losing the passion you once had for your current job, it might be time to explore greener pastures.
Before doing so, however, ensure you’re moving on for the right reasons. Otherwise, you might find yourself in a similar situation sooner rather than later.
2. Better Work-Life Balance
According to one source, 66% of Americans lack a good work-life balance — and 48% — nearly one in two — acknowledge being workaholics. Unfortunately, many people think burning both ends of the candle and stretching themselves too thin is somehow acceptable.
Around three in four, meanwhile, see work-life balance as a key requirement when looking for a job. And 61% of them — around six in 10 — will reject a job if doing otherwise would jeopardize their work-life balance.
If work-life balance is a problem where you ply your trade, it’s worth considering how to fix things. Speaking to your employer is the first step. But if that doesn’t work, think about career change. That might be what you need to flip the page and write the next chapter in your career.
3. Lack of Growth
Another sign it might be time to explore greener pastures is if you’re no longer growing professionally. Perhaps a promotion at your company will be the right move. If not, you’ll want to explore options elsewhere so you can grow rather than stagnate.
4. Increased Earnings Potential
Sometimes people pack it up and go elsewhere because they’ve maxed out their earning potential. If your salary is as good as it’s going to get and you believe you’re worth more, finding another job elsewhere might be necessary. You can make what you’re worth at another company.
5. Job Security
Yet another reason to change careers is for job security. If you’re walking on pins and needles and fear getting a pink slip, that can make for a stressful situation. You might want to change careers for more long-term stability. Going back to school is one option.
But that route could take years. Another option is to seek out certifications you can earn online to enter a new sector altogether. The time commitment will be shorter, and you’ll have skills that can lead to a new job.
These are some reasons to consider changing careers. Before giving up your current job, however, ensure you have something lined up so you don’t find yourself without an income. As long as you think things through and don’t do things compulsively, you’re more likely to succeed.
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