Wednesday, December 05, 2007

Considering A Career Change? The Vital Factors You Must Consider

Are you unhappy with the overall situation of your career? Has it got something to do with your job profile or your company? If that is the case, the thought of career change must have crossed your mind.

Now the flipside is you probably depend on your paycheck to discharge your financial obligations. A career transition has to be pondered over in the right perspective. You want to make sure that a job shift is in the best interest of you and your family. If you have asked yourself these questions before, please read on!

A number of important factors need to be taken into consideration when you start thinking of making a career change. No two individuals are in an identical situation when it comes to relying on your salary. So these factors should be carefully considered, and then you can use them in your own personal situation. This way you can properly weigh out the pros and cons of a career transition.

Your current job’s paycheck is an important factor to be taken into consideration, before deciding if you want a career change. For instance, try to judge for yourself whether the salary you are getting in your current job is a fair salary. To find out, you can start by comparing your current salary with the salary that is being offered in job openings in the local newspapers, recruitment agencies or online recruitment portals. If you do that, you can find out by yourself whether it is difficult for you to earn the same salary elsewhere. Unless you are lucky enough to land a job in the upper tier of an organization, you might find yourself having to work your way up the ladder all over again.

Apart from the crucial factor of your salary to pay your bills and support your family, there is the matter of other benefits too. Health insurance is one such important factor when you are toying with the idea of a career transition. If your current employers provide health insurance benefits for yourself or for your whole family, you should attach a lot of importance to that. You may of course buy health insurance for yourself or an extension of your coverage, but you should keep in mind that it can be quite an expensive proposition.

When comparing the pay packet of your current job with career job opportunities elsewhere that don’t offer health insurance benefits, you should take into consideration the imputed cost of having to buy one. If you still decide to make a career change, you may want to schedule your doctor’s appointments, including the dentist and the ophthalmologist if the coverage permits, before you actually quit.

Another factor that needs looking into when you are on a job search is the current job scenario in your area. Do you already have a firm job offer in your pocket? If that is the case then there is little to worry about. If you haven’t, you will at least want to ensure that there is a good prospect of seeking employment elsewhere.

You need to remember that you might not be eligible for unemployment benefits if you leave your job of your own volition. In such a situation, you may need a backup plan if you have financial obligations like a family to support or bills to pay like rent or mortgage.

When you decide on a career change, you need to have all the career information at your fingertips. Keeping the current job scenario in mind, you have to look at all career job opportunities in your area for any required training, work experience, or education. It is no use realizing too late that you are not qualified for that career dream find. Instead, you should scrutinize the average job requirements by examining all available job openings in the local newspapers or online recruitment portals. If you find yourself lacking the necessary skills, you may consider enrolling in a career training course to improve your chances of finding a new job.

It must be quite clear by now that you should proceed very carefully when you think about a career transition. There are just so many vital factors that need to be considered. Keeping all this in mind, whether you really want a change is ultimately your call.


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