Millennials: When Is It Time To Leave Your Current Job?

current jobPexels

Job change: what are the most important factors to consider?

The 2017 Deloitte Millennial Survey found that the percentage of millennials who are planning to leave their job within 2 years is 38%, down from 44% in the 2016 survey. However, at least 1 out of every 3 millennials is actively planning to leave, and many millennials are passive seekers. So how do we know when it is time to leave a current job and jump into a new position?

Are layoffs an automatic signal to jump ship?

Layoffs are undoubtedly a stressful time for both the employees who depart the company and those left behind. People who remain after a round of layoffs often use the layoff as a motivating factor to focus their efforts on finding a new job. However, that might not be the best call.

"Leaving your job after a layoff, might not be the best move, but it’s definitely a good time to inquire about your future in the company,” notes HR Consultant Laurie Luh. “Employees have the right to know where they stand. A layoff is the perfect opportunity to set a meeting with management, ask the hard questions and set expectations. Layoffs are also a great motivator to update your LinkedIn profile and start networking, which should always be part of your career life."

Those who voluntarily leave soon after a layoff generally end up with less negotiating power. Hiring managers know when layoffs in various companies occur and they use this knowledge to reduce compensation packages or titles because they know the candidate is highly motivated to leave their current job.

Although your workload and responsibilities will likely increase after a layoff, there is a silver lining: you can use this to your advantage to learn and grow more quickly than you would if you made a lateral move to another company. Taking on the additional responsibility – and succeeding – can position you well for a promotion once the company turns around.

However, this line of thought will only get you so far. If you are aware of your the long term trajectory of your company, then you can safely jump from a sinking ship before you are the last remaining survivor. Leaving on your own terms, before you have to, can prevent you from competing for the same jobs as your friends and former colleagues if the layoff rounds continue.

“>

current jobPexels

Job change: what are the most important factors to consider?

The 2017 Deloitte Millennial Survey found that the percentage of millennials who are planning to leave their job within 2 years is 38%, down from 44% in the 2016 survey. However, at least 1 out of every 3 millennials is actively planning to leave, and many millennials are passive seekers. So how do we know when it is time to leave a current job and jump into a new position?

Are layoffs an automatic signal to jump ship?

Layoffs are undoubtedly a stressful time for both the employees who depart the company and those left behind. People who remain after a round of layoffs often use the layoff as a motivating factor to focus their efforts on finding a new job. However, that might not be the best call.

“Leaving your job after a layoff, might not be the best move, but it’s definitely a good time to inquire about your future in the company,” notes HR Consultant Laurie Luh. “Employees have the right to know where they stand. A layoff is the perfect opportunity to set a meeting with management, ask the hard questions and set expectations. Layoffs are also a great motivator to update your LinkedIn profile and start networking, which should always be part of your career life.”

Those who voluntarily leave soon after a layoff generally end up with less negotiating power. Hiring managers know when layoffs in various companies occur and they use this knowledge to reduce compensation packages or titles because they know the candidate is highly motivated to leave their current job.

Although your workload and responsibilities will likely increase after a layoff, there is a silver lining: you can use this to your advantage to learn and grow more quickly than you would if you made a lateral move to another company. Taking on the additional responsibility – and succeeding – can position you well for a promotion once the company turns around.

However, this line of thought will only get you so far. If you are aware of your the long term trajectory of your company, then you can safely jump from a sinking ship before you are the last remaining survivor. Leaving on your own terms, before you have to, can prevent you from competing for the same jobs as your friends and former colleagues if the layoff rounds continue.

Let’s block ads! (Why?)

About the author

Related