On average, Singaporeans have 6-10 jobs in their lifetime. Job-switching is now the norm, but are you making the right decision for your next switch?
Here are 7 things that will help you be more accurate in your job-switch decision, and avoid switching “for the worse”.
1. Calculate Your Profit and Loss
Job Profit = Change in Compensation + Change in Career Development Potential + Change in Emotional Wellbeing
Weigh your gain / loss from a third-party’s perspective, and you will be more certain whether looking for the next job is the right thing to do for now.
(Don’t be too quick to make the decision just because you are suffering from an emotional deficit at the moment!)
2. Four Questions to Answer Before the Switch
- Can the new job bring me the value that I desire the most?
- Can I afford what I may lose in my new job?
- Have I seen the worst of the new job I’m going to get into?
- Is there any more value in the work I’m doing now?
These questions will push you to gather the information that is crucial for your decision in your career move
3. Identify the REAL problems
You will not be able to solve the problem of not knowing how to swim by changing a swimming pool. Be open to receive feedback on why you are not getting the results you want. Look within yourself for the possible cause of your existing frustration. Problems such as self-management, communication, relationship management and lack of resourcefulness do not go away by changing your job. In those cases, it is often more ideal to work on yourself at where you are now.
4. Know the REAL things to Look for
Focus on the long term factors that focus on career development. If you are not looking for growth, but for a way to escape, your growth will be stagnant.
5. Understand What the Hirers Prefer!
Only 20% of the available jobs out there are shown in the recruitment portals. Therefore, going to the right channels is the key to landing yourself in a desirable job. Do not be afraid to ask around and showcase yourself among the people you know – as you start to ask and be attentive to your social circle, you will find plenty of opportunities around.
6. Know the Best Timing to Leave
Avoid leaving in the midst of an ongoing project / task; instead, the best timing to leave is when you have completed the current stage of your work. Prepare for yourself a reason that is good enough, and do not be afraid to talk about your intention directly with your superior.
7. Do Not Complain About Your Previous Company to Your Future Colleagues
Do not burn your bridges even if you are changing into a different industry. You never know when you will be in need of the resources you have in the previous firms, and you would certainly want to have a good reputation when that does happen.