Make a Career Change
If you’ve been itching to make a change, but don’t know where to start, or feel like you’re stuck in a career path that no longer makes sense, you’re reading the right article at the right time.
Dawn Graham, PhD is a Wharton Lecturer and EMBA Career Director, coach, author, Forbes Contributor, and Sirius XM Radio Host. Her new book, Switchers: How Smart Professionals Change Careers and Seize Success, is a resource for anyone looking to change career directions in a purposeful way.
Switchers Fact: Most Americans spend around five years engaged in some type of job activity.
You have a unique vantage point both due to your leading SiriusXM Radio show and your role as Director of Career Management for the Executive MBA Program at Wharton. What trends are you seeing across professional job searchers today?
People want a job that inspires them! Compensation will always be important. However, professionals are willing to make some sacrifices to find work that is meaningful or flexible, or that puts them on the path to a career that is more satisfying. Many mid-career professionals landed in a job after college and climbed the ladder, only to realize that the path they chose isn’t fulfilling. Others have discovered careers that may not have existed a decade ago and still others have experienced life changes, such as having a family, which have led them to seek something more flexible.
“Lifetime regrets are more painful than delayed gratification.” -Dawn Graham
What is the “new normal” in America for most people in terms of changing jobs?
The great news for career switchers is that the market is becoming more accepting of trying new paths. The rise of the gig economy, portfolio careers, and entrepreneurial pursuits have opened the door to non-traditional career paths. The average tenure in a company is about 4.2 years, so long gone are the days of the 30-year retirement gift. In fact, while yearly job hopping is still frowned upon by employers, so is staying at a company for too long, especially if you’ve not shown significant progression or diversity in your assignments. After 10 years, hiring managers in new companies start to wonder if you’re adaptable enough to function effectively in a different culture, so it’s more important than ever today to pay attention to taking charge of your career.
Research: up to 80 percent of employee turnover is due to poor hiring.
How difficult is it to change careers today?