How to make a bold career move pay off
We’ve heard about the “great resignation”, we’re coming to terms with the “great exhaustion”, and research companies have been clear that the future of work is changing. But has it occurred to you that your professional future remains in your hands? By taking advantage of the tight labor market and skills shortage, savvy workers can make bold career moves that pay off both professionally and financially.
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Covid gave the workforce an opportunity to get off the hamster wheel and look at what really matters to them in terms of employment, work-life balance and future opportunities – with job satisfaction and community contribution becoming more important than ever before.
Currently, 80% of UK workers want their jobs to have more meaning, while 65% are actively looking for a role that provides a greater sense of satisfaction, according to StandOut CV. But what if that satisfaction is to be found elsewhere – like in a completely different industry? If you’ve been working in your current sector for more than ten years, chances are you’ve reached the top professionally.
Untraditional experience
This does not mean that the possibilities for progression are gone, in fact quite the opposite. Acknowledging that you have reached the top in one industry is an opportunity to take years of experience with you to another growing industry where there is room for progression, perhaps a lack of senior talent – and therefore the opportunity for a hefty salary increase.
Results from a recent PWC survey show that 48% of companies actively want to move away from relying on the institutional knowledge of their workers, opening up roles for those with non-traditional sector experience. Add to that the fact that moving into a new sector very often comes with an average salary increase of 15-20% – slightly higher if you’re moving into a hero sector like tech or healthcare – and you soon see that switching sectors becomes a viable option for career progression.
Interested? This is how you identify your new sector and make the switch as seamless as possible.
Create an elevator pitch
Why do you want to move and why this industry? What skills are transferable? If you want to convince a hiring manager that your skills are transferable, you have to believe it yourself. Be honest about your reasons for moving and do industry research so you can demonstrate an understanding of future opportunities and challenges that your skills will address. You’re selling yourself, so make a short and quick elevator pitch.
Be industry agnostic
If you know you want a change, but don’t immediately recognize the industry you want to switch to, take an industry-agnostic approach. This is where you stay open to all possibilities and find the perfect fit by aligning your skills with those required to succeed in specific industries. Leave bias behind and remain open to all.
Find a springboard
Think of your career move as a stepping stone to get you from your current position to your dream role in a new industry. The breakout role must round out your skills, provide an opportunity to acclimatise to your new industry, network and demonstrate that your skills are transferable. It also helps hiring managers who may not have the imagination to recognize the transferable skills you bring into a new role.
Ready to switch? We’ve found three companies currently operating in growing sectors that are hiring across a range of roles and disciplines. And there are many more opportunities currently available at FinTech Futures Job Board.
eClerx
eClerx currently recruiting for a range of roles in the London office across data analytics, talent management and accounting. The company provides insights to Fortune 500 companies operating in the digital financial space. From Revolut to Monzo, how and when we bank has changed, and as traditional institutions struggle to keep up with market disruptors, companies like eClerx offer growth and progression opportunities for those interested in fintech.
Check out all vacancies at eClerx.
UnitedHealth Group
Optum is a leading information and technology-enabled healthcare business and a rapidly growing part of UnitedHealth Group. It is currently hiring for fully external roles across engineering, actuarial science and technical support. Post-Covid, the healthcare sector is experiencing an increase in employment and these roles are likely to persist and create new opportunities as they evolve.
Browse through available roles at UnitedHealth Group.
John Lewis and Partners
Currently recruiting across Marketing, SEO and Engineering roles John Lewis is one of the UK’s leading retailers and employs over 29,000 across its stores and departments. Retail is currently one of the most dynamic employment sectors and as such more and more technicians and marketing professionals are moving towards the sector as they see the potential for career progression in a rapidly changing industry.
Explore all the possibilities at John Lewis.
