According to figures from the American Bureau of Labor Statistics, the average person changes job 12 times during their career; the average time spent per role is approximately five years. Figures from CNN suggest that job switching is set to become even more prevalent with Millennials averaging four job changes within the first 10 years of their career.
While a college degree used to get you a job for life, it is now merely a way to get your foot in the door. One of the main motivators for a job change is an improved salary and benefits package. If you choose carefully, a new job could land you a pay increase of up to 15 percent. When a new employer offers you a seemingly juicy role, your first instinct is to take it. Not so fast! Here are 5 important things to consider before leaving your old role and slotting into a new one in Trinidad and Tobago.
1 – ARE YOU MAKING THE CHANGE FOR THE RIGHT REASONS?
Regarding the new role, is it a case of taking on an exciting new job or are you merely desperate to leave your old one? It was common for people stuck in a job they hated during the Global Financial Crash to stay put for fear of being unable to find anything should they leave. That particular dark economic period is long past, so if you’re in a job you don’t like and have been for a long time, why has it taken you so long to consider quitting?
For some, this might be an indication to leave by any means necessary, but that would be a huge mistake. You can only make an informed decision by looking at the reasons why you want to join the new company rather than focus on what you didn’t like about the old one.
Frankly, it is unusual for complainers and negative individuals to change their attitude. Therefore, if you are eager to leave and go into any new job because it is a change, you’ll encounter the same problems with motivation. Soon, your angst will become noticeable and damage team morale. You’ll probably end up leaving the new role soon enough and get the unwanted ‘job hopper’ label.
2 – ARE YOU CHOOSING A WINNING COMPANY?
When entering a new industry or role, it is important to ensure you are part of a growing market and a booming organization. Every single employer will highlight and even exaggerate the positives when looking to hire so don’t make the mistake of thinking you’re walking into Utopia without performing due diligence on your prospective employer.
Research online and get in touch with your network to find out if the company is on the up. If you get the chance, take some time to visit the workplace to see if it’s your kind of scene. If you have any queries, don’t hesitate to ask the hiring manager.
3 – WHAT ARE THE CAREER PROGRESSION PROSPECTS?
When it comes to enjoying a successful career, you’re the person responsible for steering the ship. However, it is always helpful when you work for a company dedicated to helping its employees move forward. Find out if the organization offers continuous professional development opportunities such as seminars, workshops, mentoring, conferences and other forms of training opportunities.
In an ideal world, you’ll find an employer that wants to help you improve your skills. After all, a skilled and competent employee is an asset to any company. Above all, think about the medium and short term when switching roles. Don’t settle for a quick fix in the form of improved benefits when there is no clearly defined career path.
4 – WHAT IS THE SALARY & BENEFITS PACKAGE LIKE?
There is no question that your salary matters but it’s important to look at other benefits such as sick leave, maternity/paternity pay, vacation pay, pension plan and big bonus opportunities for excellent performance. Some companies offer a large initial salary, but it is really a mirage as their benefits packages are woefully deficient. Always look at the whole picture when it comes to remuneration.
Don’t forget your journey to work. If the workplace is a short commute or else you have the option for occasional telecommuting, your work-life balance could be improved significantly.
5 – ARE YOU CAPABLE OF CONQUERING YOUR FEAR OF THE UNKNOWN?
While it is always a mistake to leave a job for the wrong reasons, it is just as big a mistake to stay in your comfort zone. Trinidad and Tobago is filled with people who stay put because they are scared of the unknown. It is easy for them to punch in and out of work in a job they can do with their eyes closed.
If you want a successful career, you need to embrace change and accept the challenge offered by a stimulating new job. If you have carefully analyzed the situation and your gut tells you to take the new role, it is usually best to follow your instincts. If you don’t take the chance, who knows when the next opportunity will come along?
Leave for the right reasons
The reality of the modern workplace is that few people will stay in one job or at one company for more than a few years. If you are stagnating in your job and a new opportunity lands on your doorstep, it would be foolish not to contemplate making the switch. However, just make sure you’re leaving for the right reasons and are entering a company on the rise and a job with genuine options.
