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Is 2017 your year to advance your career?

almost 5 years ago by Phil Dye
2 Shutterstock 488942413

Most career-minded professionals elect to expand their skill sets and advance their career by carefully seeking out the next step and moving roles every two to three years. A recent study showed that 40% of accountants are actively looking to change roles right now with a view to starting somewhere new in the New Year, with that figure rising to 66% saying they will be active by the end of Q3 2017.

Perhaps you’re one of the 40% and your plans are underway. Perhaps you’re happy where you are, at a company that has your career progression in mind. But maybe you’re on the fence, thinking about a move, but not sure. We’re not saying that 2017 HAS to be the time to change, but it’s worth considering that:

  • There will be 3m+ leadership retirements across all sectors, opening up senior positions across the management structure to the next waiting generation
  • In the US, Time Magazine claims the pay premium for changing jobs is at an 8-year high
  • Tech will play an increasingly important role, with everything from data retention to AI, meaning tech-literate professionals and CDO’s will be vital
  • Despite political uncertainty and the threat of recession, businesses will be desperate for key talent to give them a competitive edge

2017 could well be the Year Of The Candidate so it’s time to make your New Year career resolutions now. 

If you are ready to advance your career, you need to prepare now. Your LinkedIn profile needs to be polished and your CV must be up to date and ready to impress. You should be ready to network and find a professional recruiter you can work in partnership with, one who knows your sector inside out and can benchmark your situation, then advise and guide you.

Once the process is underway, you will also have to be mindful of the big picture and stay focused. Lowering attrition levels will be high on the corporate agenda for many businesses next year, and retaining skilled individuals wherever possible is often cheaper and preferable to hiring anew and training. Be prepared, once you have resigned, to possibly receive a counter offer that could include some attractive proposals.

It’s at this point, you will have to step back and consider what you really want for your career from 2017 (and beyond). Would staying loyal on an increased salary, perhaps with a new title, satisfy you? Or would you realistically be in the same position that has got you thinking about moving? And how might you be perceived internally, can any bridges broken by your resignation be properly fixed?

If you would like to discuss your career options in finance in 2017, contact us today.