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The Most Common Reasons People Change Careers

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Do you Know the Most Common Reasons People Change Careers?

Changing careers is a significant decision that can significantly impact one’s personal and professional life. It’s a journey of empowerment, as shown by a survey by Indeed, where 49% of U.S. workers have made a dramatic career shift, and 65% are considering it. But what are the common reasons people change careers, and what are the benefits and drawbacks of doing so?

female executiveMost Common Reasons for Changing Careers

There are many reasons why people may decide to change careers, but some of the most common ones are:

  • Dissatisfaction with current job or industry. This can include low pay, poor work-life balance, lack of advancement opportunities, stress, boredom, or ethical concerns. According to a Gallup poll, only 36% of U.S. workers are engaged in their work, meaning they are enthusiastic and committed to their job and workplace. The rest could be more engaged (51%) or actively disengaged (13%), meaning they are unhappy and unproductive. Dissatisfaction with one’s current job or industry can lead to burnout, reduced performance, and lower well-being.
  • Passion for a different field or role. This can include personal interests, hobbies, values, skills, or talents. Some people may discover or develop a passion for a different field or role later in life, or they may have always wanted to pursue it but did not have the opportunity or resources to do so. According to a survey by CareerBuilder, 32% of workers who changed careers did so because they wanted to follow their passion, and 28% did so because they wanted to make a positive difference in the world.
  • They were changing circumstances or needs. This can include life events, family obligations, health issues, relocation, or retirement. Some people may change careers because they need to adapt to changing circumstances or needs in their personal or professional life. For example, they may need to find a more flexible, remote, or part-time job to accommodate their family or health situation, or they may need to relocate to a different city or country for their spouse’s job or their preferences. According to a survey by FlexJobs, 31% of workers who changed careers did so because they needed more flexibility, and 22% did so because they needed to work remotely.

Statistics and Trends on Career Change

Contrary to popular belief, career change is not an anomaly in today’s dynamic and diverse labor market. It is a prevalent and expected phenomenon as workers navigate through various career challenges and opportunities. Here are some statistics and trends that underscore the prevalence and patterns of career change:

  • coffee cupcoffee ringThe average worker will change careers 5 to 7 times in their lifetime. According to the U.S. Bureau of Labor Statistics, the average worker will have 12 jobs in their lifetime, many of which will be in different industries or occupations.
  • According to a study by the American Institute for Economic Research, the most common age range for career change is 39 to 52. This may be because workers in this age group have more experience, skills, and resources to make a career change or because they face more challenges or opportunities in their current careers.

When it comes to navigating a career change, the journey can be daunting, filled with uncertainty and a multitude of decisions. Whether you’re looking to switch industries, climb the corporate ladder, or start your own business, the guidance of a Career Ownership Coach® can be invaluable.

Hispanic maleOne of the biggest challenges during a career change is identifying the right direction. According to a study by the Harvard Business Review, 80% of employees are dissatisfied with their jobs, yet many still need to figure out what they want to do next. A Career Ownership Coach® helps you gain clarity about your strengths, interests, and values, which are crucial for making informed decisions about your future.

Career changes often involve obstacles such as fear of the unknown, financial concerns, or a lack of relevant skills. But remember, you’re not alone. A Career Ownership Coach® provides the support and encouragement needed to overcome these barriers. They help you build confidence and resilience, essential traits for navigating career transitions. As an accountability partner, they ensure you stay on track and make consistent progress towards your goals. They provide regular check-ins and constructive feedback to keep you motivated and focused.

A study by the International Coaching Federation (ICF) found that 80% of people who receive coaching report increased self-confidence. This boost in confidence often leads to tangible improvements, as 67% of individuals who received career coaching saw an improvement in their work-life balance and an average increase in salary by 10-20%. These success stories are a testament to the transformative power of career coaching.

Since 1984, The Entrepreneur’s Source® and our Career Ownership Coaches® have helped you define your goals and explore diverse career options, ensuring clarity in your path—all at no cost.

Conclusion

Leaving the corporate world is a significant decision that requires careful planning and support. An exit plan ensures a smooth and successful transition, providing clarity, financial stability, skill development, and risk mitigation. A Career Ownership Coach® plays a crucial role in this process, offering personalized guidance, skill enhancement, network building, emotional support, and accountability.

 

Your Career Revolution book coverAbout Your Career Revolution

Our mission is to help individuals explore self-sufficiency as an alternative career.

We help them define their Income, Lifestyle, Wealth, and Equity goals and provide education on the best ways to achieve them. We don’t sell franchises – we help people achieve their dreams of self-sufficiency through business ownership. The approach is different, the experience is different. And it works.

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Learn More About Career Ownership Coaching®
If you are considering a career change, invest in yourself to discover your options, possibilities, and dreams. Chat with one of our coaches to begin your career revolution. To learn more about Career Ownership Coaching®, visit www.entrepreneursource.com or check out our guidebook, “Your Career Revolution: Reimagine and Reclaim the Life of Your Dreams.”

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