Making the move in 2023?
This is by no means an article intended to provide career advice. These are some of my thoughts and experiences in the hope that it may help someone contemplating.
As the year draws towards an end many Australians will be having a well earned (short or long) summer break. This provides some with time to think about the future and what 2023 may mean for their career.
We experienced the 'Great Resignation' as it was referred to in late 2021 and in 2022. I will go down as a statistic having made the move from American Express to Ant Group to take up a role with the B2B Cross Border payments business WorldFirst this year. There is nothing like stepping out of your comfort zone to take on a new role in order to accelerate your #careerdevelopment and expand your professional network.
The economic landscape is uncertain for many with rising #inflation sending #interestrates higher and the #costofliving skyrocketing in 2022. After decades of stagnation we have finally seen some #wages rising across many sectors but unfortunately for many this is not enough to keep up. In this context, and with the Australian #unemploymentrate still around historical lows of 3.5% it is understandable that the #greatresignation may continue in 2023 as people seek an above average salary increase.
Of course there are many considerations in making the move beyond career development and financial reward. Company culture, lifestyle and family situation will also play a key role so there is a lot to weigh up. More recently we have already seen some very large corporations like Amazon and Meta lay off thousands of staff around the world in anticipation of a #recession in 2023 (https://www.wired.com/story/big-tech-layoffs-hiring/) so it is understandable some may decide now is not the time to take the risk.
Personally, I have taken many calculated risks in my own career, some that did not work out as I had anticipated at the time. With each one of those risks however came either experiences I didn't know I needed at the time or relationships that shaped me into the person I am today.
I don't have is any regrets for the choices I have made in my career so far and what I do know is best summed by this quote
"Where your fear is, there your task is" - Carl Jung
Wish you the best in contemplation, no matter what you decide.
Founding Partner, Fixed Income Sales at Barrenjoey
2yNicely said 👏
Director - Coinbase
2yNice post Jim - let’s catch up in ‘23 and have some relaxed industry chat! Very best
Cloughmore Stone & Xchainge
2yGreat insight! Merry Christmas Jim and look forward to catching up in 2023 - all the best
Swimmer and Traveller
2yIn many ways it is the career missteps that teach you the most about yourself and what’s realy important.