The pandemic gave many of us a unique opportunity for self-reflection and introspection.
The result: Many Americans reevaluated their job and career strategy.
A term first coined in 2019, some pundits began calling this “The Great Resignation,” referring to a great voluntary mass exodus from the workforce.
According to the Department of Labor a total of 11.5 million Americans quit their job in April, May, and June 2021 (1). A survey by Bankrate.com found that 55% of Americans planned to look for a new job in 2022 (2) . As of now, it appears “The Great Resignation” isn’t showing any signs of stopping, with over 46 million Americans leaving their jobs on 2022 (3).
An Employment Crossroad
Some people are changing jobs in search of higher pay, others want more flexibility, some want more money just to stay in their current job, and some aren’t happy with how their employer responded to the Covid-19 pandemic.
We stand at a crossroad, and this is a good time to look both ways.
Career changes or retiring early can be emotional decisions, but they should never be made hastily.
We work tirelessly to develop financial strategies that carefully weigh time and risk tolerance. Your career trajectory is part of that planning.
Know that for every crossroad in your life, while you are looking both ways, we are there to hold your hand and help you find your way across the street safely.
Is a Career Change Coming in 2023?
If you are considering a career change or perhaps retiring sooner than planned, let’s set up a call so that we can walk through the next steps together. At Phronesis Wealth Management, we offer strategies that are designed for the rest of your life regardless of what your “today” looks like. Call our office in Severna Park at 410-647-6762 for a complimentary consultation or book a 15-minute introductory meeting online.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Sources:
(1) https://www.inc.com/phillip-kane/the-great-resignation-is-here-its-real.html
(2) https://www.google.com/amp/s/www.cnbc.com/amp/2021/08/25/great-resignation-55- percent-are-looking-to-change-jobs-over-the-next-year-.html
(3) https://www.statista.com/chart/26186/number-of-people-quitting-their-jobs-in-the-united-states/