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Feb 15, 2018

Time Is Money: Career-Change Considerations

The opening few months of each year often inspire thoughts of fresh starts and reinvention, with many of us striving for a happier professional life...

A poll commissioned by the Oxford Open Learning Trust has explored the major motivations behind people looking for a career change.

The YouGov survey of 2,000 adults found that while money is predictably the biggest motivator behind moving jobs (64%), over half of the respondents cited working hours as an important factor.

With people striving for a healthy work-life balance, it is perhaps unsurprising that workers are looking for employment that fits in around their lifestyle and allows them enough time to themselves.

It is also encouraging to see ‘enjoyment’ listed as the joint third most considered aspect during the job search process. Finances will always be central to a lot of career changes, but half of Brits say they would follow their heart and look for jobs which align with their personal interests.

The top 10 most important factors when choosing a new job are:

1. Salary: 64%

2. Working hours: 55%

3. Location: 50%

= Personal interest/enjoyment: 50%

5. Job security: 40%

6. Working environment: 37%

7. Opportunities for progression: 26%

8. Opportunities for training/learning a new skill: 23%

9. The opinions of my family/partner: 12%

10. Status: 9%

The research found that over a quarter of British workers are considering switching careers in the next decade, while 13% are possibly looking to move within the next four years.

It appears that Brits are prepared to put the effort in for these new jobs, with nearly three in five UK adults saying they would consider training or retraining for a new career. This figure rises to around two thirds among current workers.

The survey was commissioned to launch Oxford Open Learning Trust's Profession Picker tool, which is designed to help adults who are thinking of making a career change.


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