Objectives of a Career Change
Career changes are frequent in today's fast-paced, opportunities-rich and highly competitive age. Service-oriented industries are becoming more prevalent. You have to weigh carefully all the pros and cons from the standpoint of your existing career as you consider the objectives of a career change. Internal (individual-centric) and external (attendant environment) factors play significant roles in influencing career changes. Outdated skills, family commitment, fast-evolving technologies, changing business models and paradigms and economic downturns are some of the reasons that may compel you to consider a career change.
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Career Rut
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Career ruts happen in any industry. If you feel your current skill sets and expertise are not preparing you for upward career or job movement, consider a career change based around your other passions, capabilities and latent talents.
Other High-Paying Careers
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If your current career does not offer the medium-to-long term prospects of higher salaries and good retirements benefits, consider other high-paying careers with existing skill sets, education qualifications and competencies.
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Family Committment
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If you want to devote more time to your young growing family or aged parents and understand the important of family commitment, consider taking advantage of flex or work-at-home career options.
Mid-Career Blues
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Unlike the manufacturing industry, science-based and other high-tech jobs and careers with relatively long career spans, it is easy to suffer mid-career blues in the fast-changing media, entertainment, Internet, advertising, retail and other service-oriented industries. If you feel a sense of stagnation, boredom and lack of opportunities affecting your current career, consider a career change.
Recessionary Periods and Economic Downturns
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Certain industries and business domains are impacted more during an economic downturn or a long recession. Weigh your options carefully, check your savings and investment portfolios and consider a career change.
Obsolete Skills
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If your previous education is proving to be a constraint to growth and prospects in your current career, consider acquiring advanced degrees, diplomas or certifications in high-growth fields and domains and shift to a new career.
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