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Monday, May 31, 2021

Want To Move Careers? Here Are 3 Critical Questions To Ask - Forbes

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With the onset of economic recovery, 1 in 4 workers is considering quitting their current job, a survey by Prudential Financial’s Pulse of the American Worker said.

80% of survey respondents are worried about their career advancement; 72% pointed that the pandemic made them rethink their skill-set; and over 50% have already spent the additional time provisioned by the last 12 months to gain new training, which will be useful when switching jobs.

But change can be overwhelming and job-hopping may induce career-anxiety. This is particularly true today, as employers contemplate career shifts in an economy still coming to terms with the effects of the pandemic. The job search — and the questions associated with it — are not always easy to navigate through.

Here are three levels of analysis that will position you on a path of astute career management:

1) Market-Level Analysis: Do I Want To Stay In My Current Industry?

The pandemic has shifted industry trends and cast a focal light on sectors that require in-person modality versus the flexibility to work remotely. Occupations such as medical care at hospitals and clinics; personal care at hair salons; and front-line customer service representatives such as bank tellers require on-site human interaction.

From the supply-side of jobs, the pandemic has accelerated trends in remote e-work and automation, with 25% more workers than past estimates needing to switch professions, a McKinsey and Co. report said.

The good news is there is booming opportunity in certain market areas: e-commerce has grown two to five times faster than before the pandemic, propelling greater number of jobs in this category. Those contemplating entering tech, e-commerce or digital industry areas can make themselves competitive by gaining relevant training and certifications — many of which are readily available remotely.

2) Firm-Level Analysis: Do I Want To Stay In My Current Company?

When the pandemic was at its peak in the United States, there was a somewhat unanimous move towards remote-work. As vaccination efforts progress and the economy recovers, however, companies are taking a range of positions on the future of work-from-home.

J.P. Morgan, for example, may requires employers to return to physical offices by July. “Most professionals learn their job through an apprenticeship model, which is almost impossible to replicate in the Zoom world,” Jamie Dimon, the company’s CEO said. Other top banks and financial advisory firms may adopt a similar policy.

From an employee-perspective, however, there is rising interest in a hybrid model of work. Flexibility is high on the list of employee preferences across sectors. The problem is: Most organizations have not communicated a clear vision for post-pandemic work, a recent survey suggests. And individuals are growing anxious with the lack of concrete information: 47% of this survey’s respondents flagged this as a cause for concern.

Besides work modality, employees are increasingly drawn towards companies that are people-centered, are driven towards equitable outcomes, and are committed to diversity and inclusion. Data suggests that companies that hire, retain and promote diverse talent are more employee-friendly in creating a positive workspace.

3) Individual-Level Analysis: Do I Want A Personal Change?

Individual preferences are essential in decision making. Time spent in reflection during the pandemic pushed many to discover their true passions. If you feel that your current career trajectory does not align with what you enjoy most, be thankful for this realization.

Next steps: think deeper and explore ways to monetize opportunities where passion overlaps with vocation. Before making moves, ask yourself: what matters most to me when selecting future employers: values, financial incentives, benefits, independence, career advancement opportunities. What am I looking for?

Make sure, however, to consider your risk-appetite when boarding any route — new beginning are not always structured and may involve greater uncertainty. Along the way, remember also that reality-checks are essential: there is rarely a ‘perfect job’. But a incremental, healthy aspiration towards one is a step in the right direction.

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Want To Move Careers? Here Are 3 Critical Questions To Ask - Forbes
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