Career Change: Everyone is Doing It
We all want to feel like our current career is our best-case scenario for bringing home the bacon! However, sometimes we sit in a dead-end job because we're afraid to change jobs. But sometimes, a new gig is precisely what we need!
The median tenure for jobs in 2022 was 4.1 years. (1)
However, the older we get, the more likely we are to stay at a job out of misplaced loyalty, lack of motivation, or fear of change.
As you can see below, statistics show that older workers stay in their jobs more than 3 times as long as younger workers!
- The median tenure for workers ages 55 to 64 is 9.8 years
- The median tenure for ages 25 to 34 years is just 2.8 years! (2)
And these younger workers experience faster wage growth than the rest of the working population!
A study by LaborIQ found that salaries for new hires are about 7% higher on average than the median pay for people who already have similar roles.
"One study suggests that on average, Gen Z workers earn nearly as much as — and in some cases, more than — millennials. Not only that, but Gen Z is also receiving disproportionately high pay increases (averaging 6%). This is nearly double the annual pay raise of the average U.S. worker." (1)
You can take advantage of making a career change too!
Gen Z's willingness to scope out new opportunities and take advantage of the higher salaries often found when changing employers brings them higher salaries!
Making a career change is possible at any age. Check out our Unmudl blogs linked below for advice about how to switch jobs at any age!
- How to Change Careers in Your 40s
- How to Change Careers in Your 50s
- How to Change Careers After 20 Years Into Your Career
- How Old Is Too Old for a Career Change?
Find Greater Job Satisfaction
While it's possible to disrupt your life with a job change, changing your career often leads to greater job satisfaction and better overall satisfaction!
According to new research, "Starting a job at a different employer is, on average, linked to very high job satisfaction." (2)
In other words, those who switched jobs into a similar role or changed jobs into a completely new career field are happier!
Here are several good reasons why it might be time for you to move on and make your new beginning:
- You're unlikely to get a raise if you stay in your current role.
- You're ready for a change or more challenges.
- There are few opportunities to move up from within your company, or there is limited potential for a salary increase.
- You want to move into a different industry.
- The company's vision and values differ significantly from your own
- You feel like a fish out of water, anxious, falling apart, or depressed about work.
- You have no free time or relaxation, even away from work and no chance of gaining it.
- Your boss or those around you do not value your contributions.
If your current role makes you want to ask, "Where's the money?" and every day feels like time wasted, a new career can be the groundbreaking idea that changes your lifelong career journey AND fattens your wallet!
If you're still feeling unsure, check out 15 Undeniable Signs You Need a Career Change. Learn to recognize signs that it's time for a career change, boost your confidence, find new opportunities, and level up your career journey.