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By Danielle Roessle, LCSW, GCDFI, CCSP
Over the last few months, we've watched interest rates skyrocket and job layoffs with companies such as Twitter, Shopify, and Meta. For many people, fears of a recession are creeping in. Interestingly, job growth is still relatively strong, with 261,000 jobs added to the labor market last month.
Even though the labor market is technically growing, I have noticed a recent trend that our clients are not as likely to leave their company, and instead, are finding ways to improve their current situation — by requesting to change certain responsibilities and tasks within their current role, or moving to a different department and seeking a different role within their company.
Our clients have reported that finding ways for internal career development within their company provides a bit more job security during a time of uncertainty while still allowing for skill growth and increased job satisfaction.
For example, we recently had a client who thought they would leave their sales career altogether and instead, pivoted into training and developing within their current company and feels more satisfied.
Often, our clients believe they are stuck in their current role, but in reality, once they have clarity on what they want and need, with the right conversations with key stakeholders, they can make small shifts in responsibilities and tasks that result in increased career satisfaction.
Keep in mind, it's expensive to have to train and onboard new employees, so companies have an interest in retaining their employees (the caveat here is that the employee meets the minimum requirements before they move internally). If there is a need to refocus on building a different skill set, sometimes there is the possibility of moving to a new department.
For example, I was working with a senior leader who desired more people management experience. After some internal networking, they interviewed and were hired by a different department within their company and promoted to a management position.
For many of our clients, employers will allow professional development funds to cover the costs of receiving support with internal career development. We are happy to talk to you about how to get this type of professional development approved by your company.
You've got this!
Danielle