Top three considerations when thinking about changing career in 2021
The date is the same; January 1st as for any other new year, but 2021 is going to be a strange year when it comes to job hunting and changing career. During 2020 the Covid-19 pandemic has given many people time to reflect about their relationship with work. Sadly, for others it has seen the end of long-term stable careers in sectors that have been dramatically affected such as hospitality, retail ,and the travel and leisure sectors.
Hopefully in 2021 with the rollout of the vaccine program we will see a bounce back in job vacancy rates and many more job opportunities opening up, some sectors will be changed beyond recognition and other sectors will be booming.
For many people 2021 will be an opportunity to reflect on their career path and think about what they want to do going forward, continuing in the same vein or changing careers.
Top three considerations when thinking about changing career
Passion – You don’t have any passion for what you do
Passion for your job is important it’s what makes you want to get up in the morning and go to work, and gives you satisfaction at the end of the day at a job well done. So, if you like what you are doing no matter what company you work for you are in the right career path, if not you may want to start thinking about what else can you do.
You may need to start at the bottom of a new career path, retrain and gain experience. No matter what you decide – have passion for it. It might be possible to access funding via a government grant or bursary there are numerous schemes available.
Economic uncertainty – You may lose your job in 2021 or already have been made redundant.
It has been estimated by the Bank of England that UK unemployment is likely to reach 2.6 million in the middle of 2021, that is 7.5% of the working age population.
If you have already been affected or suspect that your job is at risk, now would be a good time to start looking before the market becomes saturated with a lot of applicants. Consider what are your transferable skills to other sectors that are continuing to grow and boom post covid-19 and have longevity such as logistics or digital technology. Research the types of roles available in different sectors and which ones attract you the most.
Have you outgrown your current company ?
Depending on the size and scale of the company that you work for there may or may not be opportunities internally to change your career pathway.
According to the Department for Business, Energy & Industrial Strategy there are over 5.85 million private business employing fewer than 250 people, 99.9% of all private sector businesses in the UK are SMEs. Which means only 0.1% of the country’s entire business employs more than 250 people. More than 95% are micro-businesses employing 0-9 employees.
SME’s may offer few promotion opportunities and most people leave in 2-3 years. If you want to progress your career and find new opportunities you will need to look outside of their current employer, which for many can be a daunting thought. Many people enjoy working with their colleagues in tight knit teams but in order to progress your career you may need to move on and manage your career progression elsewhere.
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