Have you recently made a career change, or are you considering making one? You’re not alone. Australians are switching jobs and careers at an increasing rate.
In 2023, 1.3 million Australians changed jobs.
This is the highest figure since 2012. Nearly two-thirds changed industry rather than occupation.
Even amongst those who haven’t changed careers, many are considering it.
76% of professionals were considering changing careers this year, up 15% on last year.
So, what’s behind the increase in people looking to change careers?
Thanks to News Corp, Adelaide Now, and the Sydney Morning Herald, we explore why career changes are becoming increasingly common.
For many, the COVID-19 pandemic was a life-changing event that led to transformative change in their lives.
The pandemic caused some people to reassess their priorities and consider what is most important in their lives.
For some, this means that earning potential is less critical than it once was. They are prepared to make sacrifices and give up lucrative careers to do what they are passionate about.
According to the ABS, the most popular reason for changing jobs was the desire to do something different or find a better job. A quarter of people choose to change careers for these reasons.
Increasingly, people are looking for a career that has meaning or contributes value to the world. In an interview with Adelaide Now, Career Psychologist John Hogan says many workers prioritise fulfilment and happiness as they age.
“They are asking, ‘what am I doing every day with my life, is it something that is actually making me happy … and making a contribution?” he said
“They are reflecting on what makes them happy and what makes them unhappy … they are wanting to be engaged at work – not just clock in and out”.
The pandemic has increased focus on the enjoyment of work and mental health. During the pandemic, many people had more time at home with their families. Therefore, increased focus has been put on work-life balance.
However, that is not to say financial reward is not a motivating factor. Many workers are facing pressures from the cost of living and changing careers to increase their earning potential. Job security has also become increasingly important for many.
Many switch jobs or careers so they can work closer to home, saving time and money on commuting.
Workforce conditions have also made the past couple of years the ideal time to change careers. A competitive labour market has benefited those who want to change careers, with companies increasingly competing to attract and retain quality talent. A strong economic recovery from the pandemic has resulted in high job vacancies. This has created a tight labour market, making it easier than ever to switch careers.
As a result, workers have more flexibility about the type of work and conditions they are willing to accept. For example, many people are choosing to accept only roles that allow them to work from home. Workers are also taking into account workplace culture when deciding to take on a new role. Increased employee agency means that workers who are not satisfied with their current role are more than happy to move on.
Changing careers is not easy.
Are you looking for a new career but not sure where to start? Public Service Resumes can help. We are pleased to offer various services, including interview skills coaching and career development coaching.