Stay or Go?

Time to move on to another job or stick around a while longer?  It’s always a tricky question.  Let’s have some facts first, and then look at the implications, with questions last.

Facts first:

  • Unemployed people per job opening has fallen from a 6.2 high to 3.1 this year
  • Two-thirds of workers have “tested” the market or have had offers in the past 12 months
  • People have quit their jobs at a 39% higher rate than over the worst of the slump
  • Salaries are down from when the economy was last accelerating
  • Over 40% of full-time workers think they could find a great new job in the next six months
  •  1 in 5 are concerned about being laid off in the next six months
  • Job cuts were 8.2% higher in mid-year than the start of the year
  • The government stalemate has not helped the economy nor the job creation

What does all of this say to you?

  • It’s all still very confusing, without a dramatic trend either way
  • Hiring companies are very picky, making sure new employees are completely qualified
  • Hiring companies are delaying making a hiring decision until they must do so
  • Hiring companies are expecting results in performance within a very short period of time
  • With a large supply of candidates, a short time for you to perform, and a volatile market, hiring organizations can terminate new employees quickly with little severance

Questions to ask:

  • Is there another job in your company to give you new skills or a leg up the career ladder?
  • Opportunities usually surface in 2-year cycles within a company.  Worth the wait?
  • Have you researched the marketplace for open positions, pay, level and function?
  • How good are your past performance reviews? What kind of merit or incentive increases?
  • Do you want to change industries, sectors or functions?  What’s the future in each?
  • What’s the history of the industry leaders?  What’s the risk / reward ratio if you move?
  • Do you currently have a mentor?  Are you being developed or groomed?
  • Given your competencies, what are the growth opportunities or downside in your field?
  • Given the issues, what are the short-term opportunities to perform at a high level?
  • Are your skill sets a commodity within the marketplace or high demand specialized skills?

Use the information and answers to these questions to compare possible alternatives for your next move.  Once you’ve made a decision, put together a solid strategy to advance.  You can always change your mind before you resign from your current organization.  But, it’s extremely difficult to un-ring a bell that’s just been rung.

Looking for job alternatives?  Talk with Bill as a coach.

Got questions or comments?   Send them to Bill at:  Mygreenerfuture1@cox.net

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By My Greener Future

My Greener Future is a Job Search Strategy and Career Coaching Company. At My Greener Future, you will be connected with industry coaches who care about you and your career as much as you do. They will work with you to create your very own custom career plan and support you in achieving your short term and long term career goals. Join My Greener Future TODAY and see how it will change the way you think about your career.

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