Employers struggle with employee retention in a variety of fields. The reasons employees view changing careers as their only option is not always easy to pinpoint. They may want a more financially secure future or a new challenge that sparks their creativity. Here are some common reasons why employees usually seek different employment opportunities.
Age is a Factor
Young professionals are more likely to consider changing careers, according to a survey by the University of Phoenix School of Business. According to the survey, at least one half of working professionals have expressed some interest in ditching their current field and exploring something different. The survey revealed that professionals in their 30s made up 66 percent of those interested in making the switch permanently, while 60 percent of individuals in their 40s desired a change in careers. Young professionals are often more apt to make sudden changes and take career risks, whereas older professionals may be more apt to think about stability with a particular company when considering moving to another field.
Big Data Plays a Role
Technology is constantly transforming company operations, and employees are aware of the coming changes. In fact, fear of losing a position due to technological advancements could play a role in why employees are considering changing careers and starting the job search process once again. Mobile access and cloud technology access to client services may begin to replace some administrative roles, leaving many employees seeking other options to secure their financial futures. A push for knowledge on big data, data visualization and analytics has led employees to consider changing careers while also developing their skills to remain employable.
The Drawbacks Are Significant
Whereas it may appear that the grass is greener on the other side, there are still factors that leave employees hesitant to consider changing careers. According to the survey, 29 percent of professional adults indicated that it would be too costly to start the job search process, whereas 24 percent had concerns about their qualifications, education and experience in other industries. A clear plan is essential for those looking to make the shift to another career. Job seekers must explore options that may include taking professional development courses, joining professional organizations and networking with individuals established within a particular field. Weighing the pros and cons of a career change can weigh heavily on an employee who fears his or her role may be nonexistent in the future.
It is common to see change as something frightening or challenging. In fact, many professionals consult with recruiters, mentors and members of their professional network before considering changing careers. Weigh the risks and the benefits that stem from a career move that ultimately affects your professional status, credibility and finances. This can help you make the best decision for your career and future.
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